Avtotor prepares to release new models to replace Hyundai and Kia
autostat.- The Avtotor plant in Kaliningrad will complete production for Hyundai and Kia from available parts inventories in early October and will reconfigure production for new projects scheduled to start in November. .
Avtotor founder Vladimir Shcherbakov said the company was ready to resume signing contracts with current partners if the situation changed, Kommersant wrote. Recall that in addition to Hyundai and Kia, the Kaliningrad plant also produced BMW cars.
According to Shcherbakov, in 2023 Avtotor will also start producing electric vehicles and their engines. At the new production site, construction of eight factories has been completed, with an investment of more than 5.7 billion rubles (100 million euros).
As previously reported by the Governor of the Kaliningrad Region, Anton Alikhanov, in 2023 Avtotor expects to reach a production level of 50,000 to 70,000 units and will increase its production in the future. As of the end of 2021, the Kaliningrad plant has produced over 177,000 vehicles, a 13% increase from a year ago.
http://rusautonews.com/2022/09/28/avtotor-is-preparing-to-release-new-models-instead-of-hyundai-and-kia/ Avtotor prepares to release new models to replace Hyundai and Kia