Kazakhstan’s Astana Motors says it has no plans to buy a Hyundai plant in Russia
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The Kazakh company Astana Motors has announced that it does not intend to buy a Hyundai car plant in Russia. In February, Fontanka springs spokethat the authorities of St. Petersburg are discussing the possibility of buying out the car plant by Astana Motors.
The company said that they are engaged in the development of production in Kazakhstan. “Astana Motors has no plans to enter a plant in the Russian Federation. We are developing auto production in Kazakhstan, we are faced with the task of deepening localization and increasing the number of models produced by the small-knot method,” the company’s press service told TASS.
From March 1, 2022, the Hyundai plant in St. Petersburg suspended work due to logistical problems. Hyundai cars were assembled at the Avtotor plant in Kaliningrad, but their production has also recently ceased. In October the media wrotethat Hyundai Motor is considering selling a plant in Russia. According to Kommersant, the foreign investment committee is already preparing to consider the sale of Hyundai’s Russian assets.
Details – in the material “Kommersant” “Hyundai and Volkswagen stood at the exit”.
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