The Hyundai plant in St. Petersburg will resume operations in early 2024

by time news

2023-12-25 23:29:30

Petersburg plant Hyundai stopped in March 2022 due to a special operation and subsequent difficulties with the delivery of components and sanctions. Before this, the South Korean concern was one of the most massive car manufacturers on the Russian market. In 2021, 234,000 cars were produced in St. Petersburg, of which 71,000 each were Solaris and Creta models. The rest of the volume came from Kia Rio. At the end of 2021, vehicles produced at the HMMR plant began to be equipped with locally assembled engines. HMMR’s net profit under RAS in 2021 amounted to 11.2 billion rubles, but already in 2022 it received 18.8 billion rubles. loss, follows from SPARK-Interfax data.

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