Business news from Ukraine

BYD plant in Uzbekistan produces first cars

The President of Uzbekistan visited the BYD Uzbekistan Factory in the Jizzakh region and signed the first cars that rolled off the assembly line.

This is the first stage of a $160 million project. The plant currently produces two models of the brand’s cars. Theannual production capacity of the first stage is50 thousand units.

Thesecond stage of the $300 million project is expected to increase production to 200 thousand electric vehicles per year (in 2027-2028), 350 thousand in 2028-2029, and the third stage of the $500 million project will increase productionto500 thousand electric vehicles (starting in 2030).

For reference: In January-May 2024, Uzbekistan produced a total of 162,608 units of cars. Source – UzAUTO.

The joint venture has been provided with modern industrial infrastructure and nearly 2 km of railway tracks have been laid. The plant has modern equipment and robotic systems from China. The production process is automated. A laboratory for high-precision inspection of the geometric dimensions of electric vehicles has been set up.

As the number of electric vehicles increases, the level of localization is expected to gradually increase. First of all, the production of bumpers, glass, lacquered and plastic parts will be launched. In the future, it is planned to produce batteries, electric motors, aluminum parts, tires and seats.

In the future, the plant plans to export electric vehicles to Kazakhstan, Kyrgyzstan, Turkmenistan, Afghanistan, and Azerbaijan.

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Ukrainians imported 21% more cars in 2024 What cars are most popular?

More than 160 thousand vehicles were imported to Ukraine in 5 months of 2024, according to the Ministry of Internal Affairs (MIA). Only 28% of imported cars in 2024 were new.

160,750 vehicles were imported to Ukraine in 5 months of 2024. This is 21% more than in the same period in 2023.

The most popular brand among all imported cars this year was VOLKSWAGEN – 18,771 cars or 11.7% of the total. RENAULT was in second place with 13,187 vehicles (8.2%), and AUDI took third place with 9,137 cars (5.7%). The most popular models among imported cars were SKODA OCTAVIA, VOLKSWAGEN GOLF and PASSAT.

Gasoline cars remain the most popular – almost every second imported car. Diesel cars accounted for 29% of cars imported this year. Electric cars accounted for 12.9%.

72% of all imported cars this year were used. Currently, the average age of imported cars is 10 years.

The largest number of newly imported cars was registered in Kyiv – 13.9%. Lviv (10.2%) and Odesa (7.5%) regions are also in the top 3.

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China will pay up to $1.4 thousand for replacing old cars with electric vehicles

The Chinese authorities plan to pay car owners up to 10 thousand yuan ($1.4 thousand) if they replace their cars with all-electric or hybrid ones this year, The Wall Street Journal reports.

In addition, the government will provide subsidies of 7 thousand yuan to those who change cars to traditional ones with engines of no more than 2 liters.

Following the news, American Depository Receipts (ADRs) for shares of Chinese electric vehicle manufacturers rose in price on Friday, including Nio – by 9.4%, XPeng – by 11.1%, Li Auto – by 7%, BYD – by 3.7%.


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Representation of Peugeot, Citroёn, Opel, Jeep brands in Ukraine sold more than 5 thousand cars in 2023

The Stellantis representative office in Ukraine (Peugeot, Citroёn, Opel, DS Automobiles, Jeep) sold approximately 5.1 thousand new passenger cars and light commercial vehicles (LCVs) in its dealer network in 2023, taking more than 7% of the market, the representative office’s press service reports.
As reported, in 2022, the share of Stellantis brands, whose sales amounted to 3 thousand units, accounted for 6.84% of the passenger car and light commercial vehicle market.
Thus, in 2023, car sales of the five brands increased by almost 70%, and the market share increased slightly, given that the market for new passenger cars and LCVs grew by 63.5% by 2022 to 65.1 thousand units (including 65.1 thousand passenger cars and about 7.4 thousand commercial vans/vans).
“Thus, the total growth of Stellantis brands exceeded the growth of the new car market in Ukraine by 6%. Moreover, the end of the year was very positive: in December, sporadic sales growth allowed Stellantis to take 9.7% of the market, which may signal a steady increase in sales in 2024,” the press service said.
According to the representative office, Peugeot became the sales leader among the brands (in 2022, Citroen won this position from it – IF-U) with a 74% increase in sales to 2.17 thousand units, which allowed it to take about 3% of the car market (in 2022 – 2.81%).
The best-selling models were the crossovers Peugeot 3008 (470 units) and Peugeot 2008 (348 units), while vans and vans Peugeot Boxer (294 units), Peugeot Partner (168 units) and Peugeot Rifter (144 units) were consistently popular.
Among passenger cars, the Peugeot 301 sedan (198 units) and the new Peugeot 408 crossover fastback (194 units sold in less than a year on the market) were good sellers.
In addition, the company considers the launch of a completely new product – the Peugeot Landtrek pickup truck – a success (225 vehicles sold in less than a year).
Sales of the Citroen brand increased by 58% to more than 2 thousand units, which allowed it to take 2.8% of the market (in 2022 – 2.87%).
Among passenger cars, the most popular models were the large Citroen C5 Aircross crossover (386 units sold), the Citroen C-Elysee sedan (340 units) and the Citroen C3 compact hatchback (196 units), and among commercial vehicles – the large Citroen Jumper (498 units) and the compact Citroen Berlingo (368 units).
“Thanks to the wide LCV lineup, Citroen is becoming a leader in sales of special vehicles and converted vehicles,” the press release states.
Sales of the German brand Opel, according to Stellantis Ukraine, increased by 96.5% last year to 890 units, with a market share of 1.2%, and the best-selling vehicles were the compact Opel Combo (344 units) and the mid-size crossover Opel Grandland (297 units). The compact crossovers Opel Mokka (104 units) and Opel Crosland (74 units) were in good demand.
The premium brand DS Automobiles sold 69 units (in 2022 – 62 units), with the largest number of DS 4 hatchbacks sold (47 units).
The company considers its relaunch by a new importer to be the main achievement for the Jeep brand in the Ukrainian market.
“The comprehensive ‘relaunch’ of the brand in Ukraine took place at the end of 2023, so Jeep’s sales results are not yet indicative. However, 2024 should demonstrate the full strength of the brand, especially given the replenishment of the model lineup,” the press release said.
As reported, the lineup for the brand launch has been formed, price lists have been announced, and new dealerships are starting to operate in the largest cities of Ukraine.
“This year, the model lineup will be complemented by the compact crossover Jeep Avenger, which is already on the market,” the press release said.
The report reminds that Stellantis Ukraine has been providing free repairs of state and municipal vehicles since March 2022: 2.7 thousand vehicles have been repaired to date, more than 10.5 thousand applications for repairs and maintenance have been submitted, and the total cost of work exceeds UAH 75 million.
Stellantis was formed in mid-January 2021 as a result of the merger of PSA Group and Fiat Chrysler Automobiles NV (FCA).

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Demand for new passenger cars doubled in Ukraine

Registrations of new passenger cars in Ukraine in August this year almost doubled compared to August last year – up to 5.8 thousand units, which is also 9% more than in July this year, reported “Ukravtoprom” on its website.

The first place is held by Toyota with an increase in registrations by 49% to August-2022 – up to 1118 units, and the second place, having pushed away Renault, was taken by Volkswagen, whose registrations increased almost fourfold – up to 611 units.

Renault registrations increased 2.4 times by August-2023, up to 501 units.

BMW with a 2.2-fold increase in registrations to 433 units and Skoda with 394 cars (almost 2.5 times more) also made it to the top 5 of the month.

The bestseller of the Ukrainian market of new passenger cars is a compact crossover Renault Duster, which was chosen by 473 buyers in August.

According to “Ukravtoprom”, a total of 38.1 thousand new passenger cars were registered in Ukraine in January-August, which is 56% more than in the same period of 2022.

At the same time, information and analytical group AUTO-Consulting, analyzing car sales in August on its website, notes a “record figure” – 6153 cars, which is 92% more than in August-2022 and 16.5% more than in July this year.

“The main thing is that the Ukrainian car market has been growing for six months in a row, and August sales were better than the last 19 months. So the Ukrainian car market is approaching the new business season in a very good condition and on the rise”, – experts state, noting that the growth was recorded by almost all market operators.

Prometey’s fleet was replenished with new cars

Specialists of the production and elevator areas of Prometey Group of Companies received new Renault cars.
Three Renault Express will be used by mechanics and agronomists who service the company’s production facilities, and the keys to two Renault Duster got regional directors of the elevator business.
These service cars will increase the efficiency of Prometey middle managers, making the fulfillment their duties more productive and operative.
The cars were purchased at the expense of the leasing limit from OTP-LEASING, the total amount of which is $3 mln.