The Avtopotok Telegram channel, citing its sources, reported that the plant owned by Hyundai Motor and Kia in St. Petersburg is coming out of downtime.
Prior to this, it became known that Hyundai Motor is selling its seventy percent stake in the plant and the owner is becoming the Russian Art-Finance, negotiations on the deal were nearing the final stage by the end of December. Kia has not yet announced the sale of its Russian assets.
It is assumed that the first working day at the plant will be January 9, 2024. Before the plant was shut down, it assembled the Hyundai Creta, Hyundai Solaris, Kia Rio and Kia Rio X-Line.
As you know, it is possible to assemble another 10,000 cars from the remaining spare parts at the plant. If you bring the missing parts from China or Kazakhstan, it will be as many as 70,000 cars.
Both Hyundai Motor and Kia have banned the supply of cars and spare parts to Russia since the spring of this year.
However, Hyundai Motor did not slam the door shut, as Volvo did, by prohibiting owners of its cars from using the company's services and being serviced under warranty.
Hyundai Motor stated that it retains obligations for warranty and service maintenance of cars in Russia.
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