HONG KONG — Great Wall Motor, China’s largest maker of sport utility vehicles, saw revenue in Russia surge last year as Western and Japanese rivals pulled back from a market hit by Western sanctions in response to the war in Ukraine.
The Chinese automaker’s revenue in Russia rose 73% on the year to reached 8.57 billion yuan ($1.25 billion) in 2022. Great Wall’s overall revenue grew less than 1% last year, as sales at home dropped 8%.