To expand its European operations, the BMW Group has recently announced to invest €1 billion in a new plant in Debrecen, Hungary.
It is claimed that the new plant in Debrecen, Hungary will have an annual manufacturing capacity of up to 1,50,000 units. The plant would also be compatible with the production of electric cars.
To hit the target, the factory will employ around 1,000 people. Adding another European factory to its roster, the automaker desires to take the total number of the brand’s plants to 18, with 13 of those in Europe. It is understandable as the sales on the continent accounted for almost 45 per cent of its volume in 2017.
The new plant in Debrecen, Hungary will have an annual manufacturing capacity of up to 1,50,000 units.
BMW has not yet been announced which models will be produced at the plant. However, the factories of BMW in the US and Asia are likely to cater to European demand.
BMW Group boss Harald Krüger said:
“The BMW Group’s decision to build this new plant reaffirms our perspective for global growth. After significant investments in China, Mexico and the US, we're now strengthening our activities in Europe to maintain a worldwide balance of production between Asia, America and our home continent. Europe is the BMW Group’s largest production location. In 2018 alone, we're investing more than €1 billion in our German sites to upgrade and prepare them for electric mobility.”
The Hungarian plant will be future-proofed by being compatible with the production of electrified cars as well as conventional models, said BMW production boss, Oliver Zipse.
The plant will be compatible with the production of electrified cars and conventional models
It hasn't yet been announced when the first cars are expected to roll out of the plant.
Check out the latest car news in Indian by visiting our website - IndianAuto.com