Without cheap loans, the automotive industry will not survive: Deripaska suggested that Russia follow the "Chinese path"

This path implies an official exchange rate of 105 rubles per dollar and a loan rate of 4%

In 2024, Russia produced just over a million vehicles, including trucks and buses, while China produced 31 million. This was written by Russian billionaire Oleg Deripaska.

In his opinion, without cheap loans and government support, the automotive industry will lose ground, and in order for the industry to grow, it is necessary to repeat the "Chinese path".

In the face of growing competition from Chinese automotive giants, which are actively assisted by the Chinese government, not the easiest of times are coming for manufacturers from other countries, including ours. And, frankly, it's time to take care of ourselves - not only to provide the domestic market, about 2.2-3 million cars a year, but also to achieve exports of 1 million cars annually.
Oleg Deripaska, businessman

Deripaska explained that this path involves long-term loan rates of 4% and an exchange rate of 105 rubles per dollar. In four years, Russia may have an industry with 1.2 million highly paid jobs.

Additional GDP growth of 2% per year and additional exports of $25 billion. You just have to want it.
Oleg Deripaska, businessman

At the same time, expert Alexander Kornevpredicts a decrease in sales of new Chinese passenger cars in Russia in 2025. According to him, sales may fall to 700 thousand units, which is 25% less than in 2024.

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Oleg Deripaska

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