Vedomosti reports that the site of a former Hyundai factory could support a substantial revival, with the possibility of assembling up to 70 thousand cars from the ruins. The claim highlights the availability of enough parts today to build about 10 thousand vehicles, and it notes that this figure could realistically rise sevenfold if suppliers resume timely deliveries of missing components from China or Kazakhstan.
The previous ownership agreement put the price tag on the Russian Hyundai facility at roughly 140 thousand won, about 10 thousand rubles, with a buyback option lingering over the next two years. The overall value of the plant in the northern capital is estimated near $219 million, reflecting its strategic significance in the regional automotive landscape.
Hyundai has kept a presence in St. Petersburg since 2010. The facility operates with a production capacity that could reach around 200 thousand cars per year when running at full strength. Historically, the plant produced models such as the Hyundai Creta and Solaris, along with Kia Rio and Rio X-Line. Production at the site was halted in March 2022, marking a significant shift in the region’s automotive production framework.
Earlier, Governor Shapsha commented on the Kaluga automobile plant PSMA Rus, indicating it would focus on producing crossovers. This statement underscores ongoing regional efforts to maintain and adapt Russia’s automotive manufacturing network in response to shifting market conditions and supply chains, while potential relaunch scenarios continue to be evaluated by industry observers and policymakers alike. (attribution: Vedomosti)