The former Toyota plant in St. Petersburg (owned by Shushary-Avto LLC) ended 2024 with a net loss of 434.1 million rubles. The loss from sales amounted to 598.9 million rubles, and the net loss was 283.4 million rubles. Despite the ongoing financial difficulties, the company does not intend to curtail its operations.
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The plant remains idle, and the main part of the revenue—637.5 million rubles out of the total volume of 702.7 million—was received from the sale of inventory. Additional income was also generated from leasing part of the premises. However, the management of the enterprise is confident that it will operate continuously again.
To maintain the facility in 2024, loans were raised in the amount of 778 million rubles. The funds were used to service the plant and maintain the equipment in working order. The creditors include PJSC "KamAZ", Promsvyazbank, and Hit Motors, a company associated with Kazakhstan's High End Assembly Technologies Motors and Aurus LLC.
Production at the plant was stopped in 2022 due to logistical problems, and the company closed in the fall. In 2023, the Ministry of Industry and Trade planned to transfer the site to NAMI for the assembly of Aurus cars, but the project was postponed. There were also rumors about the possible assembly of Chinese Hongqi cars, but the partner refused to cooperate.
In the spring of 2025, Aurus Motors began recruiting personnel. This may indicate a possible restart of production. However, it was previously reported that the authorities of St. Petersburg have no information on when the former Toyota plant will start producing Aurus cars.
Earlier, www1.ru reported that the former Hyundai plant in St. Petersburg started assembling Jaecoo cars.
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New dates announced for the exit from downtime of the former Hyundai Motor plant in St. Petersburg
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