The previous Nissan automotive plant in St. Petersburg, Russia, will probably be run by AvtoVAZ, with manufacturing deliberate to start out in 2023, RIA Novosti reported on Friday, citing Deputy Prime Minister and head of the Russian Ministry of Business and Commerce Denis Manturov.
The Nissan property in Russia at the moment are owned by state entity NAMI. The model bought 53,000 vehicles in Russia in 2021.
Alliance accomplice Renault had held a majority stake in AvtoVAZ, which makes the Lada model, till promoting it to NAMI in Might.
Renault’s manufacturing unit in Moscow is getting used to constructed vehicles underneath the Soviet-era Moskvich model.
Nissan exited Russia in October, when it stated it might hand over its enterprise in Russia to NAMI for 1 euro ($0.97), it stated, taking a lack of about 100 billion yen ($687 million). The deal will give Nissan the correct to purchase again the enterprise inside six years, Russia’s business and commerce ministry stated.
The sale included Nissan’s automotive plant and analysis amenities in St. Petersburg in addition to its gross sales and advertising heart in Moscow. It was the newest main firm exit since Russia despatched tens of 1000’s of troops into Ukraine in February.
Nissan had operated in Russia since 2004, and the St. Petersburg manufacturing unit opened in 2009. Along with the X-Path, it additionally constructed the Qashqai and Murano SUVs.