The former Nissan Motor Plant in St. Petersburg, Russia, is set to start production in 2023 and will be operated by AvtoVAZ, RIA Novosti said on Friday, deputy prime minister and head of Russia’s Ministry of Industry and Trade Denis. It reported, quoting Mr. Manturov.
Nissan’s assets in Russia are now owned by the state agency NAMI. The brand has sold 53,000 of his cars in Russia in 2021.
Alliance partner Renault held a majority stake in AvtoVAZ, which manufactures the Lada brand, before selling it to NAMI in May.
Renault’s factory in Moscow is used to produce Soviet-era “Moskvitch” brand cars.
Nissan pulled out of Russia in October, saying it would hand over its Russian business to NAMI for 1 euro ($0.97), resulting in a loss of about 100 billion yen ($687 million). The deal gives Nissan the right to buy back the business within six years, Russia’s Ministry of Industry and Trade said.
The sale included Nissan’s automotive plant and research facility in St. Petersburg, as well as its sales and marketing center in Moscow. It was the latest major withdrawal since Russia sent tens of thousands of troops to Ukraine in February.
Nissan has been operating in Russia since 2004 and the St. Petersburg plant opened in 2009. In addition to the X-Trail, we also built the Qashqai and Murano SUVs.
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