The head of the Ministry of Industry and Trade Anton Alikhanov said that the Russian automobile industry can compete with the Chinese under a number of conditions. In this respect he is writing Life connected to Shot.
According to Alikhanov, the domestic automotive industry is in a difficult situation as foreign investors fulfill their obligations and leave the market. The head of the Ministry of Industry and Trade believes that the country needs to localize automobile factories and “revitalize” suppliers of consumables for industry. Alikhanov noted that many of them were “removed” from the market. In this way, he believes that Russia can compete with China.
It was previously reported that China should do this. to increase Import duties of up to 25% on large gasoline vehicles in response to US and EU restrictions on electric vehicles. This suggestion was voiced by Liu Bing, an expert at the China Automotive Technology and Research Center (CATARC), a state automotive research institution. According to him, a 25 percent tariff would comply with WTO rules and help balance the domestic and global auto markets. This measure will also promote the introduction of environmentally friendly transport as part of the country’s low-carbon development policy.
It was previously revealed that the Chery automobile company would bring “Iranian” cars to Russia.
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Source: Gazeta
Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.