Details about the Hyundai plant
There are several scenarios for the future production of cars at the former Hyundai plant in St. Petersburg. According to Fontanka, the option of using the remaining components at the enterprise is being considered, which involves the production of the same models, but under the Chinese GAC brand. We are talking about 70 thousand cars.
Another potential Chinese partner capable of reviving production at the Hyundai plant is the BAIC brand. This option is supported by the fact that the brand has a joint venture with Hyundai in China, which means it has the necessary competencies to meet production standards.
Previously, the board of directors of Hyundai Motor agreed on a plan for the sale of a plant in Russia to Art-Finance. for a symbolic amount of 10 thousand rubles with the possibility of buyback within 2 years.
In addition, it is reported that the share of the South Korean company Kia in the St. Petersburg Hyundai Motor plant will also be sold. Deputy Prime Minister and Head of the Ministry of Industry and Trade of Russia Denis Manturov said that the company buying the Hyundai plant in St. Petersburg is Art-Finance, which belongs to the former general director of the Avilon group. Andrei Pavlovich, is going to launch car production on this site as quickly as possible.
If you supply the missing parts, then the reserves available at the plant will be enough to assemble 70 thousand cars. To do this, it is enough to organize the delivery of the missing components from China or Kazakhstan.
The Hyundai plant in Russia suspended operations in March 2022. Hyundai Solaris, Hyundai Creta, Kia Rio and Kia Rio X were assembled on it.