The car brand VGV (standing for Victory Go Victory), part of the Chinese state-owned company Sinotruck, will appear at Maximum car dealers in St. Petersburg in the third quarter of 2023. The Chinese have signed an exclusive distribution contract with Vadim Arustamyan, the owner of these car dealerships.
Until the end of the year, the distributor plans to import 2,000 cars under this brand into the country. Moreover, sales will start not only in St. Petersburg, but also in Moscow and a number of other megacities.
*This material was created by a person who has the status of a foreign agent in the Russian Federation.
In 2024, the distributor plans to sell 6,000 cars and reach the volume of 50,000 cars per year in five years.
First, two models of D-class SUVs will be delivered: U70 Pro and U75 Plus. From October 1, a pick-up frame will appear, with four-wheel drive and a diesel engine. From January 1, the lineup will be replenished with the E-class SUV – diesel, with a load-bearing body, all-wheel drive. From February 2024, the LCV class will appear: minibuses and commercial vehicles, SUV C – early 2025.
They promise that one of the models will cost up to 2 million rubles. For the rest, the decision has not yet been made and will depend on the exchange rate.
The Russian distributor also received exclusive rights to sell and import FGM car parts into Russia.
Reference
The VGV brand is owned by the Chinese state-owned company Sinotruck (CNHTC), one of the country’s largest truck manufacturers. The company was founded in 1956. In Russia, the car giant is known for trucks under the Howo and Sinotruk brands. The passenger car brand VGV was created in 2019.
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Source: RBC