Hyundai officially exited the Russian market.
South Korean carmaker Hyundai has officially exited the Russian market following the country's invasion of Ukraine in 2022, which led to the suspension of operations, and with it the sales of the two remaining Russian factories for just 10,000 rubles ($170). Hyundai’s departure, alongside other major brands such as Nissan, Mazda and Renault, has contributed to China becoming the largest vehicle exporter in 2023.
January 29, 2024
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