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







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