Hyundai pauses Russian production, Volvo suspends activity
Several electric vehicle producers are suspending or adjusting their operations in Russia due to the ongoing war in Ukraine and associated logistical issues, Kallanish reports.
Hyundai's plant in St. Petersburg has suspended production through 5 March due to a shortage of semiconductors amidst ongoing global logistical disruptions. The company plans to resume production on 9 March. In 2021, the plant produced 234,000 vehicles, up by 7% on-year.
AVTOVAZ, which started the working week with a downtime of all assembly lines at its main site in Togliatti due to the ongoing shortage of semiconductors, resumed full production at Tuesday. The plant is now making every effort to stabilise the current workload, it claims.
Earlier, France’s Renault Group, which holds a controlling 67.61% stake in AVTOVAZ, announced that the company's plants in Russia may encounter problems with the supply of components due to the situation around Ukraine.
“Mitsubishi Motors Rus is operating normally and we continue to monitor the development of the current situation," the company tells Kallanish after media reports that is considering the possibility of stopping the supply and production of cars in Russia. “In case of any changes in the company's activities, they will be announced additionally.”
Swedish automaker Volvo has suspended production and sales of cars in Russia in connection with Moscow’s invasion of Ukraine, according to The Wall Street Journal. The decision was made in connection with the war in Ukraine, as well as the effect of sanctions and export control rules. Therefore, the Volvo Group is forced to temporarily suspend its activities in Russia and take further measures to comply with the current rules.
The company’s press office did not respond before deadline to a request for comment.
Earlier, the German Daimler Truck AG, as part of the suspension of work in Russia, ceased cooperation with truck-maker Kamaz.
The Russian factories of Nissan, Toyota and Avtotor, as well as the Ulyanovsk Automobile Plant are operating as normal. Stellantis says the PSMA Rus plant and brands are operating as usual, and the company is monitoring the situation daily.
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Anonymous
Very good overview of the weekly steel market.
Anonymous