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As TASS reports, citing the head of the Russian Ministry of Industry and Trade Anton Alikhanov, the enterprise, which was previously owned by General Motors and then Hyundai, will be ready for restart only in 2026. Before GM left, Opel models were assembled there; in 2020, Hyundai bought the site, but never managed to master it. Currently, the plant is managed by Art-Finance (a structure of AGR Automotive Group, AGR).

The car plant is located in Shushary. It was built in 2008, the investment volume in the project at that time was estimated at 300 million dollars. Over the years, the plant produced Chevrolet Cruze, Trailblazer, Tahoe, Captiva, as well as Opel Astra, Antara, Mokka and several Cadillac models. In 2015, GM curtailed production in Russia, and mothballed the plant. The site was empty until the end of 2020, until Hyundai acquired it.

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After the purchase, Hyundai gradually began to master the plant’s capacities – it was planned to transfer the assembly of Tuscon, Palisade and Sportage crossovers, which were produced at the Kaliningrad Avtotor, there. But due to the SVO, these plans were never realized – after its start, Hyundai suspended its operations in Russia, and later got rid of Russian assets, including all plants.

As for Art-Finance, this company also owns the former Hyundai Motor Manufacturing Rus enterprises and the Volkswagen plant in the Kaluga region, where Polo, Tiguan and Skoda Rapid were previously assembled. All of the listed sites became part of the AGR Group, a subsidiary of Art-Finance, registered in the spring of 2023. The main St. Petersburg car plant has already resumed operations, producing Solaris cars, formerly known as Hyundai Solaris, Creta, Kia Rio and Rio X.

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