The GM plant in Shushary, a suburb of St. Petersburg, can make up to 100,000 cars a year. It was built in 2008, but closed in 2015, after the American car manufacturer decided to cut its international operations.
Hyundai and Kia already have a factory in Russia that can produce more than 200,000 cars a year.
The two companies sold more than 400,000 vehicles on the Russian market last year, more than Avtovaz, Renault’s largest Russian-controlled carmaker.
Deliveries of cars and light commercial vehicles fell last year in Russia by 2.3% to 1.76 million units, and this year sales are expected to decline by 13.5% to 1.52 million vehicles.