Avilon Denies Purchase of Russian Hyundai Plant and Clarifies Affiliations

Rumors circulated that Avilon Automobile Group purchased the Russian Hyundai factory, but sources indicate this is not the case. A report on the No Limits Telegram channel, citing the company’s press service, stated that no such acquisition occurred. The Avilon Automotive Group press service clarified that Avilon is not affiliated with Art-Finance LLC or AGR LLC, the latter being the new name for the former VW plant in Kaluga, and that Avilon is not part of their corporate structure. The report from Yonha’s St. agency in Korea had claimed that Art-Finance LLC would acquire the Hyundai factory in Saint Petersburg, and several media outlets suggested Avilon as a principal beneficiary within this legal entity. In reality, the Hyundai plant sale involved a price tag of around 140 thousand won, with a buyback option proposed within the next two years. The facility’s value was estimated at roughly 219 million U.S. dollars. The Hyundai plant has operated in Saint Petersburg since 2010 and possesses a production capacity of about 200,000 cars per year. Historically, the facility produced models such as the Hyundai Creta and Solaris, alongside the Kia Rio and Rio X-Line, before production slowed in March 2022. There has been chatter online about the Amber electric car prototype becoming a social media meme, but the central issue remains the unresolved ownership and strategic intent behind the Saint Petersburg site. Citation sources note that the misattribution spread quickly across outlets and social platforms, underscoring how fast rumor and media amplification can distort corporate realities. The press materials from Avilon emphasize clear separation from the parties previously linked to the Kaluga plant, along with a cautionary note about relying on unverified reports. Analysts observing the Saint Petersburg automotive landscape point to broader shifts in foreign investment, plant reorganization, and the ongoing impact of sanctions and market changes on Russian manufacturing. The Hyundai plant’s history in the city reflects a decade of production and regional automotive activity, with a mix of passenger models and small crossovers. Moving forward, stakeholders are likely to monitor official announcements from the involved companies and regulatory authorities to determine any future sales or partnerships. This episode demonstrates the importance of verifying information through direct corporate statements and established news channels to avoid confusion in a rapidly evolving sector. Citation: No Limits Telegram channel and Avilon Automotive Group press service reports provide the primary clarification on affiliations and ownership in this matter. The situation remains a topic of interest for industry watchers and regional executives alike as the Russian automotive sector continues to adapt to global developments. The Saint Petersburg plant exemplifies how production capacity sits at the intersection of historical brands, corporate restructuring, and the strategic priorities of international automakers. The public discourse around the plant’s sale and potential buyback reflects ongoing questions about investment stability, local employment, and the broader footprint of foreign automotive brands in Russia. In summary, Avilon Banking the rumor, the press service response, and the reported terms of the Saint Petersburg facility collectively frame a narrative of misattribution versus reality that industry observers are continuing to parse. The discourse underscores the need for cautious interpretation of reports when corporate affiliations and ownership structures are involved. Source attributions: No Limits Telegram channel, Avilon Automotive Group press service, and Saint Petersburg market reporting agencies. The broader implication for the sector is a reminder of how quickly information can diverge from fact in a high-stakes industrial environment. The public record remains that the Saint Petersburg Hyundai plant, its production history, and its ownership status are variables still under observation by insiders and outside observers alike. The story thus serves as a case study in media literacy within the automotive industry, illustrating how official statements and corroborated data should drive understanding over rumor alone.