Jaecoo cars may be assembled in Russia

St. Petersburg Automobile Plant AGR, formerly owned by Hyundai, is preparing to start assembling cars of the Chinese brand Jaecoo. This was reported on November 28 by the Telegram channel "Autopotok" citing its sources.

"The contract is concluded for 240 cars. The assembly will take place according to the DKD-process, that is, cars from China will arrive ready, then they will be slightly disassembled - and assembled again", - stated in the message.

The day before, Alexey Yakovlev, Deputy Chairman of the Committee for Industrial Policy, Innovations and Trade of St. Petersburg, reported that the AGR Automobile Plant plans to launch a new line of cars together with the Eastern partner.

Now the Jaecoo model range in Russia is represented by crossovers J7 and J8. The premiere of the compact model J5 is scheduled for early 2025.

The former plant of the South Korean concern Hyundai in St. Petersburg, acquired by the Russian company Art Finance, was renamed AGR Automobile Plant in early 2024. The plant launched production of Solaris brand cars, which are re-branded Hyundai and Kia and are produced in full-cycle mode. The lineup includes the HC crossover (Hyundai Creta), KRS sedan (Kia Rio), KRX cross-hatchback (Kia Rio X) and HS sedan (Hyundai Solaris).

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Also on Wednesday, it was revealed that the restart of Toyota's former plant in St. Petersburg will not take place in 2024 as previously announced. An agreement on plans to launch production of premium cars at the site of the former Toyota plant in 2024 was signed by St. Petersburg Governor Alexander Beglov and Aurus CEO Andrei Pankov at the St. Petersburg International Economic Forum (SPIEF).