High profit potential of the Russian market

The Russian market has high profit potential. For example, Chery Automobile's gross profit per vehicle can exceed 80,000 yuan. This is mainly due to the income from new car sales, supporting accessories, financial insurance and other businesses. Take Tiggo 7 as an example. Its customs declaration price is 119,900 yuan. With various taxes and channel fees, it may incur losses when the selling price is below 220,000 yuan. However, if a factory is set up in Russia, it can save about 30-40% of the cost, thereby greatly improving the profitability of each vehicle.