Hyundai concern, St. indefinitely suspended the rebuilding project of the former General Motors plant in St. Petersburg, informs The newspaper “Business Petersburg” with reference to the source.
According to the addressees of the publication, in the spring of this year it is planned to begin the first phase of the investment project – the reconstruction of the existing workshops of the plant. However, these works did not begin, as well as the construction of new buildings, which was planned earlier.
The South Korean automaker acquired the former General Motors factory in Shushary in November 2020. It is reported that the new enterprise will be called HMMR-2, and 36 billion rubles will be invested in its development. From 2023, the factory planned to produce the Hyundai Tucson and Palisade, as well as the Kia Sportage.
The enterprise of the Hyundai concern in Sestroretsk has suspended work since March 1 due to a shortage of components. The factory produced the Hyundai Solaris and Creta, as well as the Kia Rio and Rio X.
Former Ministry of Industry and Trade estimated Car sales halving in 2022.