St. Petersburg Hyundai Plant reached a localization level of 55%

The average level of localization of cars produced by the Russian plant Hyundai, according to the formula for calculating the Eurasian Economic Union, is 55%, informed the press service of the Hyundai Motor CIS. Currently, Hyundai Motor is actively discussing with the Russian Government the possibility of signing a special investment contract.

As AUTOSTAT reported earlier, by the results of 9 months of 2018, St. Petersburg Hyundai plant produced 179.2 thousand cars, which is more by 5% than in the last year. In total, the company plans to produce more than 235 thousand cars in 2018. The mass model in the enterprise is KIA Rio, sales of which in January-September were 75.1 thousand sedans and cross-hatchbacks (+ 2%). Sedan Hyundai Solaris for the same period found 50.3 thousand buyers, which is less by 6% than a year ago. Compact Hyundai Creta remains the leader in the SUV segment with an indicator of 49.7 thousand sold cars (+ 34%).

As noted, the Russian market is the main for enterprise. Nevertheless, the St. Petersburg plant of the Hyundai Motor company continues the export deliveries to the countries of the near abroad. For example, in January-September of the current year, the plant exported more than 8.5 thousand vehicles, which is two times more in compare with the exports for the same period of 2017. At present, the countries of the Eurasian Economic Union (first of all, Kazakhstan and Belarus) occupy most of the exports of the Hyundai Motor Manufacturing Rus plant. Thus, according to the results of three quarters of 2018, the export to the EEU countries was 6.7 thousand vehicles, which is about 80% of the total export of the enterprise.