At least that’s what the No Limits telegram channel claims. The author writes that the Rosalit foundry, part of the Sollers group, was supposed to be the supplier of cylinders for the Hyundai Nu 2.0 engine. However, Hyundai curtailed its activities in Russia, including the production of cars and power units, so Rosalit suffered heavy losses. Now Rosalit demands 178 million rubles from Hyundai Motor Manufacturing Rus (HMMR).
Rosalit is a Nizhny Novgorod foundry that produces castings for the automotive industry. Back in the fall of 2021, the Industrial Development Fund (IDF) allocated a preferential loan to the plant to create the production of parts for engines for foreign-made cars, including Hyundai, and Rosalit planned to produce 180 thousand components annually. The Hyundai plant, which is located in St. Petersburg, was supposed to ship the lower parts of the cylinder block for a two-liter engine of the Nu family.
The production of Nu engines, in turn, was going to be launched at the St. Petersburg Hyundai Via Rus engine plant, but did not have time: in the spring of 2022, Hyundai curtailed its business in Russia due to the SVO. Apparently, Rosalit is now trying through the court to recover from the Korean company the funds that it has already managed to invest under the concluded agreement. No Limits assumes that if the defendant loses the case, this will lead to the bankruptcy of the Russian Hyundai enterprise.
Meanwhile, the main Hyundai assembly plant, which is located in Sestroretsk, will soon be sold: an as yet unnamed Russian investor will become the new owner of the site. With a high degree of probability, the buyer will be the Avilon dealer holding, which previously showed interest in the St. Petersburg plant.
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