South Korea's Hyundai Motor** sells for only 10,000 rubles at its plant in Russia.
Hyundai's factory in St. Petersburg, Russia (**screenshot).
According to South Korea's "North Korea" 20**, Hyundai Motor decided on the 19th to give its factory in St. Petersburg, Russia to local companies for a symbolic 10,000 rubles (100 rubles is about 7.).8 RMB). According to the report, affected by the conflict between Russia and Ukraine, the factory has been shut down for nearly 2 years and is unsustainable.
According to the report, Hyundai Motor said that the specific conditions are still being negotiated. The plants include the St. Petersburg plant, which was completed in 2010, and the General Motors plant, which was acquired in 2020, and will be able to produce up to 200,000 and 100,000 vehicles per year, respectively. Taking into account the local situation, Hyundai plans to continue to provide after-sales services for existing sold vehicles.
Hyundai Motor was once Russia's third-largest car seller, and its St. Petersburg plant, which cost 540 billion won, is the company's sixth overseas plant, North Korea said. According to reports, Hyundai Motor is not the only automaker to withdraw from Russia, and Renault of France opened its Moscow plant in May last year for 1 ruble. (Wang Yun).
*: Global Times).