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The German carmaker is investing in a new €1 billion plant in Debrecen, Hungary, to expand its European operations. The factory can create 1,50,000 units and will produce BMW-badged cars. Over 1,000 people will be employed at this plant and now BMW has a total of 18 plants, with 13 of those in Europe.
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 plant will be able to produce electrified cars as well as conventional models, said BMW production boss, Oliver Zipse.