The BMW Group has announced that a new facility will be built in Hungary at an investment of approximately €1 billion.
The facility will have the capacity of up to 150,000 units a year and create over 1,000 new jobs. It will manufacture both combustion and electrified BMW models – all on a single production line.
The BMW Group has recently made significant investments in China, Mexico and the USA, so the announcement of this new facility is an effort to balance production between the regions.
The company also has announced that in 2018 alone will be investing more than €1 billion in its German sites to upgrade and prepare them for electric mobility.
The latest decision to develop the production network follows the BMW Group’s strategic principle of balanced global growth and represents the next logical step in the implementation of BMW Group Strategy NUMBER ONE > NEXT which the company is pursuing for the transformation of individual mobility. The company is systematically refining its business model and focusing on electric mobility and automated driving