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Hyundai car engine production to be set up in Russia

The range of released products will include combustion, hybrid, and diesel engines. “The investment contract is likely to be signed by the end of this year,” Mr. Albin emphasized.

He added that the authorities of St. Petersburg have already reserved 200 ha of land for the development of Hyundai production.

The Vice Governor noted that investments in similar projects are estimated at up to $500 million.

As a reference, in September 2010, Hyundai Motor Company has launched a car factory in St. Petersburg producing Hyundai Solaris, Kia Rio, Kia Rio X-Line, and Hyundai Creta.

13-03-2018, 23:05
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