Ex-General Motors plant in Russia may be restarted in early 2026

Car production at the former General Motors plant in St. Petersburg will resume in early 2026. This was reported on November 10 by TASS, citing sources in the business circles of the region.

According to the agency's interlocutor, AGR Holding and its subsidiary AGM are involved in the restart, they are forming an automobile cluster at the site of the Shushary SEZ. It is expected that next year the St. Petersburg plant will be able to reach a capacity of more than 10 thousand cars.

In early 2024, Art Finance acquired the former Hyundai plant, which was later renamed the AGR Automobile Plant. It also acquired two production sites in St. Petersburg: a plant in the Kamenka industrial zone and a plant in the Shushary industrial zone (formerly a GM plant).

The General Motors plant was opened in St. Petersburg in 2008. The site was mothballed in 2015 after the departure of the American concern. In 2020, Hyundai bought it, where the Korean concern planned to produce Hyundai Tucson and Palisade models, as well as Kia Sportage.

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Earlier, on October 31, it was reported that, as First Deputy Prime Minister Denis Manturov stated, 11 of the 13 automobile plants that were abandoned by foreign companies have now been restarted in Russia. The remaining two are scheduled to be launched in 2026, including the former General Motors, which plans to produce full-cycle vehicles.

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