Avtonovostidnya.- The construction of the new Hyundai engine factory building has been completed in St Petersburg. The Korean brand will manufacture engines for its automobiles at the site, thereby, increasing the localisation level of production in Russia.
As stated by the press office of the St Petersburg Committee of Industrial Politics, Innovations and Trade, the engine factory will become the second largest investment project carried out by Hyundai Via Rus in the northern capital. The total investment amount in the project will reach approximately 16 billion rubles, according to the preliminary calculations.
As one may remember, Hyundai car plant is one of the largest enterprises in St Petersburg. The plant currently manufactures models such as; Hyundai Solaris, Creta, KIA Rio and Rio X. A total number of 220,000 vehicles have been manufactured in the factory in 2020, taking into account the suspension and the shrinkage of the operations schedule in spring.
