There used to be a factory on the site General engines. Hyundai would start rebuilding in the spring. The first step was to update the stores. Also in the plans was the construction of new buildings, according to the publication “Business Petersburg”. The total investment in the project was planned in the amount of 36 billion rubles.
The factory was about to open a production line for three new models. These are Hyundai Tucson, Hyundai Palisade and Kia Sportage. The conveyor belt should be operational as early as 2023. However, according to the publication, the project is now on hold indefinitely.
Experts believe that the car manufacturer can abandon the investment project due to the unprofitability in modern conditions. Experts fear that expensive cars will not be wanted on the market. Therefore, it was decided to postpone the opening of the line for the production of specific models.
Another likely reason for this decision, experts say, is that priority was given to the existing Hyundai plant. It is located in Sestroretsk. The site has been down since March due to a lack of components. And the concern should focus on restoring the work of this enterprise.
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A picture: AP/TAS