Hyundai Motor, along with an automobile manufacturing facility, is located in St. Louis, formerly owned by General Motors. It will sell its production facility in St. Petersburg. In this respect reports TASS with reference to Yonha agency.
The South Korean company acquired General Motors’ St. He bought the factory in St. Petersburg. The maximum production volume is estimated at 100 thousand cars.
happened before this knownSouth Korean company Hyundai Motor’s St. It was stated that he approved the offer to sell the facility in St. Petersburg for 140 thousand won (about 10 thousand rubles). The agreement specifies the possibility of a buyback within the next two years. The cost of the facility in the northern capital is estimated at approximately $219 million.
The Hyundai plant has been in St. Petersburg since 2010. It operates in St. Petersburg. Its production capacity allows it to produce 200 thousand cars per year. The Hyundai Creta and Solaris, as well as the Kia Rio and Rio X-Line, were produced at the facility before production was halted in March 2022.
happened before knownIt was stated that Hyundai will continue to serve cars in the Russian Federation even if it leaves the market.