Hyundai Motor Company

The transmissions are planned to be supplied to the local Hyundai Motor Manufacturing Rus (HMMR) factory, which produces Hyundai Solaris, Hyundai Creta and Kia Rio models (including the X version). Currently, they are equipped with 6-speed automatic and manual transmissions.

11 June 2021
https://www.dp.ru

Hyundai bought a General Motors factory in St. Petersburg which was closed in 2015, the South Korean car manufacturer said.

23 December 2020
Kommersant

As announced by Avtotor press office, Avtotor automobile factory in Kaliningrad has launched a full-cycle production of medium-duty commercial vehicles Hyundai Mighty EX8 and Hyundai Mighty EX9 (welding, painting and assembly).

14 December 2020
TASS

Hyundai Motor intends to buy the closed GM Auto plant in Shushary (Saint Petersburg). The Korean company has already submitted a corresponding request to the Federal Antimonopoly Service (FAS) registered on July 24, Interfax reports.

27 July 2020
Rossiyskaya Gazeta

An automobile engine plant will be built in Saint Petersburg by October 2021 as part of the Hyundai production localization. Governor of Saint Petersburg Alexander Beglov and CEO of Hyundai Motor Manufacturing Rus Kyeongsu Son took part in the new plant groundbreaking ceremony on Tuesday.

30 June 2020
TASS

Hyundai VIA Rus (part of the Hyundai auto group, produces engines) has received a permit to build an engine plant in Saint Petersburg. This was reported on Monday by the press service of the State Construction Supervision and Inspection Service of Saint Petersburg.

25 May 2020
TASS

Hyundai Motor Group will start manufacturing engines in Russia, as reported by the Ministry of Industry and Trade on Friday, January 18, quoting Denis Manturov, Minister of Industry and Trade. The new manufacture will be organized by Hyundai WIA. It is planned to build an engine plant with estimated capacity of 150,000 units per year (two-shift schedule) to perform final assembly of engines using Russian components, as announced by Viktor Vasiliev, Foreign Relations Director at Hyundai Motor Manufacturing Rus. Today, models produced at the Saint Petersburg Plant (Hyundai Solaris, Hyundai Creta, and Kia Rio) are, among other engines, equipped with 1.6 L gasoline engines imported from China. These engines are planned to be manufactured in Russia. Last year Hyundai Motor Manufacturing Rus produced 235,000 cars. Besides, facilities to manufacture other car vitals such as gearboxes, control elements is planned to be launched in Russia in partnership with Hyundai companies, as reported by the Ministry of Industry and Trade. New facilities are expected to be located on the site of Hyundai Motor Manufacturing Rus, Vasiliev said. He noted that there is enough space: 200 ha, with 85 ha occupied. Vasiliev also added that some engines and other products will be exported. Use of locally manufactured vitals is one of the terms of the special investment contract signed by the Ministry of Industry and Trade with Hyundai Motor Manufacturing Rus, Saint Petersburg. Other obligations include export supplies, R&D in Russia. The contract term is 10 years. In exchange for investments and localization, the company obtained tax benefits and business environment non-deterioration guarantees. Minimum investments under the contract are RUB 16.6 billion. This is to be invested by Hyundai Motor Manufacturing Rus. With manufacture of engines and other components launched in Russia, total investments may reach RUB 35 billion, Manturov said. For reference: total investments in Hyundai automobile plant in Saint Petersburg and its development exceed USD 1 billion. According to the draft contract with Hyundai Motor Manufacturing Rus Vedomosti studied in November 2018, the plant was to use Russian engines in 70% of the cars. However, it was unclear what company would be the manufacturer. According to Vedomosti’s sources, Hyundai Motor Manufacturing Rus was not obliged to build motor or gearbox plants, the investment contract did not provide for any specific location of manufacture, engines and gearboxes using local or imported components could be assembled by the company or its partners. According to Vasiliev, Hyundai was studying a possibility of contracted assembly of engines and gearboxes in Russia and held meetings with all major Russian automotive manufacturers for this purpose. The examples of the case include Daimler manufacturing engines under the contract program using GAZ facilities, and Renault-Nissan alliance using AutoVaz facilities. However, Hyundai decided to build its own plant, Vasiliev says, since it was unsatisfied with the automation level at the existing plants. The Investment contract was entered into at the end of 2018 and enabled Hyundai Motor Manufacturing Rus to retain access to government support. Last December the plant’s industrial assembly agreement expired; it provided benefits in exchange for investments and localization increase. Other Russian automotive manufacturers to enter into investment contracts include AutoVAZ, GAZ Group, Sollers, Kamaz and their partners.

21 January 2019
Vedomosti

Hyundai Motor Manufacturing Rus, LLC (Hyundai branch in Russia) has entered into a special investment contract (SPIC) with the Government of St. Petersburg, a communication release to RBK says.

25 December 2018
RBK

The Interdepartmental Commission for Special Investment Contracts under the Ministry of Industry and Trade of the Russian Federation approved the application submitted by Hyundai Motor Manufacturing Rus, a subsidiary of Hyundai Motor, a Korean automaker. According to Fontanka, the decision was made following the results of the review performed on November 26.

26 November 2018
https://www.fontanka.ru

A special investment contract (SIC) with Hyundai Motor Manufacturing Rus will be signed in the near future to launch production of engines at the Hyundai plant in St. Petersburg, said Maksim Meiksin, the Chairman of the Industrial Policy and Innovation Committee of the St. Petersburg administration, to TASS on Friday.

16 November 2018
TASS

Avtotor plant in Kaliningrad expands the production of commercial vehicles. The line of trucks produced by the company will be replenished with Hyundai Xcient heavy trucks. At the moment, the pilot production of the first batch is underway, reports the Avtotor press service. Hyundai Xcient large-capacity models have not been produced in Russia before.

24 September 2018
https://www.autostat.ru

Kaliningrad automotive plant launched production of the fourth generation Hyundai Santa Fe crossover, which premiered at the Moscow International Automobile Salon (MIAS).

04 September 2018
Rossiyskaya Gazeta

Hyundai scheduled the start of engine plant construction for November. This was reported by Maxim Meiksin, the chairman of the Committee for Industrial Policy and Innovation of St. Petersburg, on Wednesday.

01 August 2018
Business News Agency (ABNews)

South Korean car manufacturer Hyundai will invest about 27 billion rubles in the creation of an automobile engine plant near St. Petersburg. According to Interfax report, this amount was specified in the application for a special investment contract submitted by the company to the Ministry of Industry and Trade.

22 June 2018
Vedomosti

The Kaliningrad plant Avtotor has started serial production of refrigerators on the Hyundai HD35 chassis, Sergei Lugovoy, the company spokesman told reporters on Wednesday.

11 April 2018
RIA Novosti

South Korean Hyundai is considering the possibility of manufacturing transmissions and engine assemblies on the production sites of KamAZ. This was reported by the press service of the domestic automaker after the working visit of Hyundai Motor Manufacturing Rus (Russian plant of Hyundai Motor) representatives.

25 December 2017
TASS

Avtotor of Kaliningrad is launching integrated production of commercial trucks of Hyundai Motor Company, the press function of the company told journalists. "Avtotor's commercial production is to host the ceremony of launching integrated production (welding and painting) of Hyundai HD78 cars. Earlier, in April 2017, the project launch plan was executed" the company reports.

15 November 2017
Prime

Hyundai Motor Company (HMG) can build their second plant for manufacture of car engines in Saint Petersburg. The negotiations on the possible construction were held in Korea, as reported by the press service of Vice-Governor Igor Albin.

Bae Hang-eun, the HMG Vice-President for Strategic Planning, announced at his meeting with the Government of Saint Petersburg that the Company is in process of making decision on the location of the new production facilities, considering various options. Next year, upon expiration of the HMG’s agreement on industrial assembly under the Saint Petersburg project, the Company must increase the production localization degree.

20 October 2017
Kommersant

Hyundai, who has a car factory in Saint. Petersburg and a contract car production project in Kaliningrad, wants to start manufacture of engines in Russia, as reported by Alexander Morozov, Deputy Minister of Industry and Trade . “They have two options: the first one is building an engine plant from scratch, the second one is placing the required amount at an engine plant, for example, in Kaluga (the Volkswagen group), or in Tatarstan, at Alabug (Ford Sollers), or with AutoVAZ (who manufactures engines for Lada and the Renault-Nissan alliance brands. – Vedomosti)”, he explained.

05 April 2017
Vedomosti

South Korean automaker Hyundai expects to increase sales of trucks and buses in Russia in 2017 by 20% compared to 2016 - up to 2.5 thousand, according to the presentation of Hyundai Track and Bus Rus at the opening of an official representative office in Russia.

According to Aleksey Khramtsovsky, Managing Director of the company, it is planned to localize production of several types of Hyundai commercial vehicles - County bus, Mighty and H350 trucks - in the Russian Federation (at Avtotor in Kaliningrad - ed.), as well as to increase the localization share for HD78 truck rom 22% to more than 40%.

10 February 2017
TASS

The Kaliningrad Avtotor plant started production of executive car Hyundai Genesis G90.

02 November 2016
regnum.ru

Autotor Holding, LLC had started its commercial production of Hyundai Tucson, the company PR function informed on Tuesday.

According to the statement, the plant is to produce six basic modifications of the motorcar. Tucson had not been produced in Russia before. 

07 September 2016
Interfax

Hyundai Bus manufacturing factory might be built in St. Petersburg, a project certificate for Korean Technopolis which became available to Interfax witnesses.

The investments in the construction of the factory can reach $ 50 million. The company may be located on the area of about 20 hectares in the Kronstadt district of St. Petersburg.

09 August 2016
INTERFAX NORTH-WEST

Avtotor, a Kaliningrad-based plant, launched the serial production of Hyundai HD35, a light commercial truck.

Hyundai HD35 production was within the scope of the Investment Partnership and Project Implementation Agreement signed by Avtotor and Hyundai Motor Company (HMC) in Moscow in late March, and then ratified in Kaliningrad on April 7th.

03 August 2016
TASS

The Russian plant of the Hyundai Motor company invested $100 mln in large-scale modernization of the production lines as part of preparation to the start of manufacturing the new Creta crossover in August, informs Hyundai Motor CIS LLC.

06 June 2016
RIA Novosti

Today, during the new model display, Choi Dong El, Director General of Hyundai Motor Manufacturing Rus, announced that the serial production of Hyundai Creta will begin on August 1, 2016, and the same day the cars will be supplied to dealer networks.

03 June 2016
Vedomosti

Avtotor started the assembly of another three models – Genesis premium sedan, Santa Fe Premium crossover and the new generation of Elantra sedan (the previous model was also produced here) for Hyundai Motor Company. According to the Avtotor’s representative, they were added to Hyundai Equus and Hyundai i40 sedans, the assembly of which is being still carried out.

20 May 2016

The Hyundai Motor Manufacturing Rus Car factory began the test assembly of its new model Creta in St. Petersburg.

22 March 2016
TASS

Hyundai automotive plant in St Petersburg is in negotiations with the Russian government on the signing of special investment contracts, specifically for a project to release new models and develop production, the company’s directorate reports.

Roughly USD 100 million will be spent on the plant’s modernisation in 2016.

In addition to Hyundai, other automotive plants such as VW, Volvo and Mazda are also vying to sign special investment contracts. The threshold for federal special investment contracts is RUB 750 million, however State Duma deputies have raised the issue of increasing this amount to RUB 3 billion. Special investment contracts will be concluded for up to ten years between the government and the investor that undertakes the obligation to establish, develop and modernise production in the Russian Federation.

03 December 2015
http://rustelegraph.ru/

Avtotor plant in Kaliningrad launched production of the fifth-generation Hyundai Elantra cars for sale in Russia. The first 40 cars are almost ready for release.

The representatives of the South Korean automotive concern Hyundai in Russia reported that Avtotor plant in Kaliningrad launched production of the fifth-generation Elantra cars. According to the executives of the concern, this model is very popular in the Russian market, so this move would be very appropriate and beneficial.

The Head of the Board of Directors of OOO Avtotor-Holding said that company employees execute approximately 300 different operations for the assembly of the above-mentioned cars. The first batch consisting of 40 cars is almost ready for release.

14 October 2015
http://vistanews.ru/

Korean automobile manufacturer Hyundai Motor intends to invest $100m to upgrade a St. Petersburg-based facility until 2016, External Relations Director at Hyundai Motor Manufacturing Rus Viktor Vasilyev told journalists today.

“The current plan envisages an extra $100m, and we can say it’s already underway. We have built an extension to the metal stamping shop, and a squeeze press is already on its way. The design capacity of the plant will not increase,” Vasilyev elaborated.

Furthermore, in the fourth quarter of 2016, the plant will start assembling the latest Hyundai Solaris models.

08 October 2015
TASS Russian News Agency

Hyundai will launch production of its new Creta compact crossover in St Petersburg next year, according to the South Korean company’s press service in Russia. The new SUV-B segment car successfully completed the Vladivostok to St Petersburg test route in January.

The Creta will be available with 1.6 and 2.0 litre engines, as well as with front- and four-wheel drive

The St Petersburg factory’s output is currently split between the Hyundai Solaris (60%) and the Kia Rio (40%). The Creta will become the second Hyundai model to be manufactured at the St Petersburg plant. Zinovyev believed that the new crossover will account for 15–20% of the company’s sales in Russia.

22 June 2015
RBC
Investor
200.0 mln
St Petersburg

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Hyundai Motor Company

South Korea

Company's website: https://worldwide.hyundai.com

T: +82 234641114

Public company (KSE: 005380)

Contact: Mr. Chung Mong-Koo, President and CEO

South Korean automobile manufacturer. The leading automaker in the country and fourth largest worldwide.