Daily Management Review

BMW Spends ‘1 Billion Euros’ To Build EV Factory In Hungary


07/31/2018


After Audi, BMW now announces the plan of building factory for electric car production which will also serve dual purpose.



According to the information provided by BMW, the company is ready to invest around “1 billion euros”, which equals to “$1.17 billion”, to build a new factory for cars that would build electric vehicles, while the factory is to be located in Hungary’s Debrecen.
 
The plant is said to possess the capacity of producing “150,000 cars” within a year, while it also serve dual purpose for along with electric ones, the plant will also be able to manufacture vehicles powered by combustion engines.
 
Moreover, BMW informed that the company is going to support the car manufacturer in the expansion process whereby increasing its “manufacturing capacity in Europe”, wherein 45% BMW’s cars are sold.
 
References:
reuters.com







Science & Technology

What trends will be affecting the health sector in the coming years?

Deloitte identifies main cyber threats for power industry

Zenuity To Take Self Driving Car Road Test In Sweden With Permission

Researchers: Half of Facebook users is fake

Amazon’s Ring gets in a privacy scandal

Facebook Is Creating A Stablecoin For Its WhatsApp Users

IBM offers to use the first quantum computer

Passport Numbers Of 5 Million Customers Hacked: Concedes Marriott

China Lifts Approval Freeze On New Video Games Launch

Concentrated Solar Plant System To Dispatch Electricity To The Grid On Demand

World Politics

World & Politics

AirHelp expects up to 33 th of cancellations and flight delays per day all over the world in 2019

Far-right and Catalonia: New elections in Spain

Trump is losing rating because of shutdown

Hanoi, Vietnam Chosen As Place For 2nd Summit Between Trump And Kim Jong-Un

US, China to hold new negotiations in Beijing

Human Rights Not To Be Dissociated From Stability, Macron Tells Sisi

Brexit Hijack Is Not The Parliament’s Right

Macedonia ignites political crisis in Greece