Hyundai Motor to Halt Operations at Russian Plant Until 5th Due to "Semiconductor Shortage"

"Unrelated to Sanctions Against Russia Regarding the Ukraine Invasion"

[Image source=Yonhap News]

[Asia Economy Reporter Yoo Byung-don] Hyundai Motor's plant in Russia has suspended operations for five days starting from the 1st due to a shortage of vehicle semiconductors and other parts. Hyundai Motor Group stated that this is a temporary shutdown caused by the ongoing global shortage of vehicle semiconductors that has persisted since last year.

On the 1st, a Russian media outlet reported that the Hyundai Motor plant located in Saint Petersburg would halt operations from the 1st to the 5th.

According to the media, a representative from Hyundai Motor's Russian office said, "The plant is temporarily stopping production due to a shortage of parts caused by global logistics difficulties related to automobile parts supply."

The media also cited a local economic newspaper reporting that Hyundai Motor has reportedly stopped vehicle deliveries to dealerships as well.

Regarding this, Hyundai Motor Group explained that the shutdown is not related to the Ukraine situation but is a temporary suspension due to the global shortage of vehicle semiconductors.

Since early last year, the semiconductor shortage has led to production cuts at factories worldwide, including in Russia, and Hyundai Motor explained that this case is similar.

A Hyundai Motor Group official said, "This is a temporary shutdown due to a shortage of parts such as semiconductors," adding, "We will do our best to resume normal operations."

The annual production capacity of Hyundai Motor's Saint Petersburg plant is 230,000 units. Hyundai Motor Group also acquired a local plant capable of producing 100,000 units annually from General Motors (GM) in 2020.

This content was produced with the assistance of AI translation services.