Which brands are included in hyundai:
Hyundai, Kia, Genesis. Also has a steel plant called Hyundai Steel Co
What does the Hyundai company make:
Produces cars, trucks, special equipment
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March 16, 2022 - economic truth:
"Despite tough technological sanctions and a shortage of spare parts, some car manufacturers are ready to continue operating in Russia. Among them are Renault (France), Hyundai (Korea), Kia Motors (Korea), Mitsubishi (Japan) and Nissan (Japan).
Korean Hyundai suspended operation of factories due to lack of components, but did not declare leaving the country. In Russia, the company collected 200,000 cars annually, which is 4% from its global capacity. Hyundai will not stop supplying cars, as well as another Korean company - Kia. "
Source
December 19, 2023 - kse institute:
The Russian company "Art-Finance" completed the agreement on the purchase of all Russian assets of the South Korean manufacturer:
A South Korean company plans to sell its plant in Russia for a nominal 7,000 rubles ($77.67), a company official said on December 19, making it the latest global automaker to sell Russian assets. since the beginning of the war in Ukraine. The company said in a regulatory filing that it will take a 287 billion won ($219.19 million) loss on the sale of the plant, which has been suspended since March 2022. The Russian company Art-Finance, which owns the former Volkswagen plant in Russia, has closed a deal to acquire the Hyundai plant in St. Petersburg.
Source
January 26, 2024 - Mind ua:
Hyundai sold two factories in Russia and finally left the market of the aggressor country:
"Russian Art-Finance bought the Hyundai plant in Kamianets and near St. Petersburg. The Art-Finance company, which is part of the Avilon dealer holding, was registered in Moscow in February 2023. In May of the same year, the company bought the Russian assets of Volkswagen, in particular the enterprise in Kaluga.
Before the beginning of the Russian Federation's full-scale aggression against Ukraine, Hyundai produced 200,000 cars a year at the Russian plant. But due to sanctions, Kia and Hyundai can no longer provide supplies to Russia, and the bid on parallel imports did not meet expectations."
Source
Has Hyundai left the Russian market? August 20, 2024 - Yale School of Management:
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Company status according to the analysis: suspend operations At Russian plant
Source
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Brands: Hyundai, Kia, Genesis, Hyundai Steel Co
and then