The deal is almost complete: the Koreans are selling the Hyundai factory in Saint Petersburg
September 11, 2023
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The Hyundai plant in St. Petersburg has been idle for a year and a half – since March 2022. During this time, the Koreans have not made a
The Hyundai plant in St. Petersburg has been idle for a year and a half – since March 2022. During this time, the Koreans have not made a single loud statement and apparently they did not want to give up their Russian assets. But eventually they gave up.
As the telegram channel “Avtopotok” reports, citing its own sources, the Hyundai Motor Manufacturing Rus plant is being purchased by the company AGR (Avilon dealer holding). Yes, yes, the same one who acquired all the Russian assets of Volkswagen, which fled our country. No details yet. All we know is that the completion of the transaction will be announced in the coming days.
Let us remind you that in addition to AGR, Kaliningrad Avtotor also applied for the Hyundai plant in St. Petersburg. The latter approached the government with a proposal to launch the production of electric vehicles and gasoline-consuming cars in the northern capital. But it seems the authorities did not appreciate him.
As for AGR, this company has announced its plans to produce combustion engines and hybrid cars at the former Hyundai factories. It is difficult to imagine how the new owner will load an enterprise with a capacity of more than 200,000 cars per year, but we will have the opportunity to observe this.
It is still unclear which engines and ‘hybrids’ Avilon will locate. But it is safe to assume that the Chinese will once again act as partners. Although even among them there are few who want to help the Russian automotive industry. For example, the same former Volkswagen site in Kaluga is still lying idle…
As the telegram channel “Avtopotok” reports, citing its own sources, the Hyundai Motor Manufacturing Rus plant is being purchased by the company AGR (Avilon dealer holding). Yes, yes, the same one who acquired all the Russian assets of Volkswagen, which fled our country. No details yet. All we know is that the completion of the transaction will be announced in the coming days.
Let us remind you that in addition to AGR, Kaliningrad Avtotor also applied for the Hyundai plant in St. Petersburg. The latter approached the government with a proposal to launch the production of electric vehicles and gasoline-consuming cars in the northern capital. But it seems the authorities did not appreciate him.
As for AGR, this company has announced its plans to produce combustion engines and hybrid cars at the former Hyundai factories. It is difficult to imagine how the new owner will load an enterprise with a capacity of more than 200,000 cars per year, but we will have the opportunity to observe this.
It is still unclear which engines and ‘hybrids’ Avilon will locate. But it is safe to assume that the Chinese will once again act as partners. Although even among them there are few who want to help the Russian automotive industry. For example, the same former Volkswagen site in Kaluga is still lying idle…
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.