BMW invests €1bn in new Hungarian plant
The Bavarian premium carmaker is expanding its industrial footprint on the Old Continent. A Hungarian place called Debrecen is where BMW will be investing€1 billion in a brand new factory, which is to produce 150,000 vehicles per year and employ 1,000 people.
“The BMW Group’s decision to build this new plant reaffirms our perspective for global growth. After significant investments in China, Mexico and the USA, we are now strengthening our activities in Europe to maintain a worldwide balance of production between Asia, America and our home continent,” said Harald Krüger, Chairman of the BMW AG Board of Management. “Europe is the BMW Group’s largest production location. In 2018 alone we are investing more than €1 billion in our German sites to upgrade and prepare them for electric mobility.”
The plant in Hungary will be able to manufacture both combustion and electrified BMW models – all on a single production line. So whichever way the market goes, BMW can adapt its output accordingly.
Picture copyright: BMW, 2018