Hyundai Motor Co.’s factory in St. Petersburg, Russia (Yonhap)
SEOUL, April 7 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined vehicle sales in Russia plunged 68 percent in March from a year earlier following Russia’s invasion of Ukraine in late February.
Hyundai and Kia sold a total of 11,245 vehicles in Russia last month from 35,389 units a year ago, the companies said, citing data from the Association of European Businesses.
Hyundai suspended its plant in Saint Petersburg last month due to disrupted parts supplies amid the war.
It is uncertain whether the Korean carmaker will resume production in Russia.
This year, Hyundai and Kia aim to sell a combined 7.47 million vehicles in global markets, up 12 percent from their sales of 6.67 million units last year.
Hyundai has seven domestic plants and 11 overseas plants — four in China and one each in the United States, the Czech Republic, Turkey, Russia, India, Brazil and Indonesia. Their combined capacity reaches 5.65 million vehicles.
Kia has eight domestic plants and seven overseas ones — three in China and one each in the United States, Slovakia, Mexico and India. Their overall capacity is 3.84 million units.
(Yonhap)
The whole of Europe is the target
The aim is to bring PRC into a strategic embrace of Russia – with a swap to Russian Gas via the Siberian Gas Pipelines.That will PERMANENTLY SOLVE THE OIL /ENERGY SECURITY OF PRC, AND THE RISK OF A NAVAL BLOCKADE IN THE SCS AND THE HORN OF AFRICA.
RUSSIA HAS ALL THE OIL/GAS/COAL,MINERALS AND RARE EARTHS THAT PRC NEEDS !
THAT WILL DRASTICALLY LOWER THE COST OF CHINESE MANUFACTURING + DESTROY EU MANUFACTURING & GERMAN MANUFACTURING, THERE WILL BE NO EU MANUFACTURING EXPORTS TO PRC,AND IT WILL CRASH THE EURO, & RUIN THE EU ECONOMIES WITH JOB LOSSES AND LOWER STANDARDS OF LIVING – & WILL CONVERT THE EU, INTO A 3 RD WORLD BLOCK – WHICH GERMANY & FRANCE,WILL NOT SUPPORT,AND HENCE ,THE EU WILL BREAK UP.
ONCE THERE IS NO EU – AND NO MONEY IN EU – THERE WILL BE NO NATO !
THAT IS THE PUTIN-XI PLAN – & SO,THEY WANT MORE SANCTIONS.HIGHER ENERGY AND MINERALS WILL PUSH PRC TO PUTIN & ALSO INCREASE, INFLATION IN THE EU. dindooohindoo