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Authorities will decide the fate of Hyundai’s St Petersburg plant in September

  • August 28, 2023
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The idle car assembly capabilities of the Hyundai plant in St. Petersburg, as the AvtoVzglyad portal has already written, are claimed by the Kaliningrad Avtotor and the Avilon

Authorities will decide the fate of Hyundai’s St Petersburg plant in September

The idle car assembly capabilities of the Hyundai plant in St. Petersburg, as the AvtoVzglyad portal has already written, are claimed by the Kaliningrad Avtotor and the Avilon company. The near future will tell who will get it in the end.

In September 2023, the government and the Ministry of Industry and Trade should decide on the Avtotor proposal received by the Russian authorities to produce electric and gas-powered vehicles at the Hyundai plant in St. Petersburg. Previously, this idea was voiced by the founder and main shareholder of the Kaliningrad holding company Vladimir Shcherbakov. According to Izvestia, government officials must now evaluate this as part of a presidential order. Recall that earlier the Russian “Avilon” announced its plans to produce internal combustion engines and hybrid cars at the Hyundai plant in St. Petersburg.

At the moment, nothing indicates that Avilon or Avtotor can “pull” the launch of such a serious venture as the St. Petersburg plant of the Korean auto concern. After all, its capacity is at least 200,000 cars per year. A number of experts believe that the rivalry over ownership is only caused by the desire of both structures to demarcate this valuable industrial site for the future. So that it does not fall under the control of competitors.

In September 2023, the government and the Ministry of Industry and Trade should decide on the Avtotor proposal received by the Russian authorities to produce electric and gas-powered vehicles at the Hyundai plant in St. Petersburg. Previously, this idea was voiced by the founder and main shareholder of the Kaliningrad holding company Vladimir Shcherbakov. According to Izvestia, government officials must now evaluate this as part of a presidential order. Recall that earlier the Russian “Avilon” announced its plans to produce internal combustion engines and hybrid cars at the Hyundai plant in St. Petersburg.

At the moment, nothing indicates that Avilon or Avtotor can “pull” the launch of such a serious venture as the St. Petersburg plant of the Korean auto concern. After all, its capacity is at least 200,000 cars per year. A number of experts believe that the rivalry over ownership is only caused by the desire of both structures to demarcate this valuable industrial site for the future. So that it does not fall under the control of competitors.

Source: Avto Vzglyad

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