The St. Petersburg-based AGR enterprise, formerly owned by a South Korean automaker, produces approximately 1,000 Jaecoo crossovers and up to 3,000 Solaris vehicles monthly. Despite stable volumes, the plant's future hinges on Hyundai's decision to buy back the assets, with the option expiring in the fall of 2025.
Currently, the enterprise operates under limited component supplies: small parts, including electronic components and interior elements, are purchased in China and South Korea. By the end of 2024, stocks of critical components may run out, which puts the continuation of production in question.
One solution to the problem is to deepen localization. For example, the production of stamped parts and engines has already been established for the Creta model, and control units are planned to be produced at the facilities of the Russian company "Itelma."
An alternative scenario involves Hyundai's partial return as a technology partner. This would allow the resumption of key component supplies, but experts consider such an outcome unlikely due to geopolitical risks.
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