The company builds about 200,000 vehicles per year in Russia, about 4% of its global production capacity. South Korea's Hyundai Motor Co plans to exit Russia and sell its manufacturing plants there to a Kazakh company. Later, Kazakhstan's Astana Motors says it has no plans to buy a Hyundai plant in Russia. An unnamed Russian company has agreed to purchase Hyundai’s production facility in St. Petersburg which has been lying dormant since early 2022. Hyundai: “No exit is planned yet. The Korean concern is trying to sell the factory, this is true, but all guarantee commitments on sold cars are met, service maintenance is provided. The Korean concern doesn’t have any concrete information about the fate of Russian assets.” The Russian company "Art-Finance" has completed the agreement on the purchase of all Russian assets of the South Korean manufacturer Hyundai. South Korean automaker Hyundai filed 18 trademark applications with Rospatent in August 2024. The company wants to protect the names HMC Hyundai, Hyundai Transys and trademarks related to the Genesis sub-brand. The Ministry of Industry and Trade has permitted parallel import of Kia and Hyundai spare parts. The South Korean automaker Hyundai Motor does not consider the possibility of resuming work in Russia. "There is currently no discussion on this," said a company representative. He called the appearance of media publications about the concern's intention to return to Russia "speculations that have nothing to do with reality." The interlocutor of the agency reminded that the company sold its plant in St. Petersburg, adding that he "has nothing more to say." The Korean automaker is making quick moves, signaling a re-entry with a two-year buyout option on its plant expiring in December and a desperate need to diversify its export portfolio amid U.S. President Donald Trump’s threat of 25 percent tariffs on cars. Hyundai Motor recently re-registered the “HYUNDAI” trademark with Rospatent, or Russia’s Federal Intellectual Property Service, about three years after the Russian plant shut down in March 2022. The Russian government legally revokes trademarks if they are not used for three years. It filed 17 applications related to the trademark for its Genesis cars and auto parts, filed August 2024. The Korean automaker is making quick moves, signaling a re-entry with a two-year buyout option on its plant expiring in December and a desperate need to diversify its export portfolio amid U.S. President Donald Trump’s threat of 25 percent tariffs on cars. Hyundai Motor recently re-registered the “HYUNDAI” trademark with Rospatent, or Russia’s Federal Intellectual Property Service, about three years after the Russian plant shut down in March 2022. The Russian government legally revokes trademarks if they are not used for three years. It filed 17 applications related to the trademark for its Genesis cars and auto parts, filed last August. / Before their exit, Hyundai Motor and Kia were major players in the Russian automobile market, selling up to 378,000 units annually. However, the war and subsequent sanctions led to a significant decline in their sales, which have been virtually non-existent for the past two years. Despite these challenges, Hyundai Mobis continued operating its production subsidiaries in Russia. A representative from Hyundai Mobis stated, "Although Hyundai Motor and Kia have withdrawn, Hyundai Mobis continues to operate its production subsidiaries in Russia. We are recruiting based on changing market conditions."