OREANDA-NEWS Avilon dealer Holding, which has become the owner of the Russian assets of Volkswagen Group, plans to buy the Hyundai Motor Manufacturing Rus plant located in St. Petersburg. A delegation of top managers of the company has already gone to the Northern capital "for negotiations," the Avtopotok Telegram channel reported. Kirill Soloveitchik, head of the Committee on Industrial Policy, Innovation and Trade of St. Petersburg, told Kommersant that Smolny is aware of the plans of AGR Automotive Group (Volkswagen Group Rus LLC will continue to work in Russia under this name after rebranding).

This is the second applicant for the St. Petersburg enterprise, which currently belongs to Hyundai. The plant, we recall, suspended work in March 2022, after the start of a special military operation in Ukraine.

The first applicant for the St. Petersburg enterprise was Kaliningrad Avtotor (previously produced Hyundai, Kia and BMW, in 2023 mastered the production of Chinese SWM, BAIC and Kaiyi). Last month, the regional authorities asked Russian President Vladimir Putin to allow this company to establish production at this site with a capacity of more than 200 thousand cars per year. The Head of State instructed Deputy Prime Minister Denis Manturov to study this issue. And the day before, as reported by RBC Kaliningrad, the founder of the company Vladimir Shcherbakov even presented to journalists detailed plans for the modernization of Hyundai.

Avtotor proposes to restart the production of cars at the former Korean plant, having carried out its modernization "with the localization of new—generation internal combustion engines and cars on a sequential hybrid platform with a generating unit operating, among other things, on gas-engine fuel," Interfax quoted a source familiar with the appeal of the Kaliningrad leadership. Shcherbakov noted that an appropriate government decision is needed to implement this concept. According to him, it may affect several dozen related enterprises, which will also have the opportunity to resume production.