MOSCOW, Mar 13 (PRIME) -- Hyundai plans to launch an engine plant producing up to 150,000 vehicles a year in St. Petersburg in 2021, Entek Lee, director of the plant, said at a forum on Tuesday.
Director for External Relations Viktor Vasilyev told reporters that Hyundai will invest in the plant more than its competitors. Volkswagen and Ford spent U.S. $250 million and $270 million respectively, the facilities were launched in 2015.
End
|
|
