BMW AG has announced plans to construct a new assembly plant in Hungary. The plant is expected to churn out 150,000 BMW’s per year when put in service and will carry a price tag of 1 billion euros.
The new plant will be located near the city of Debrecen and expand the company’s manufacturing capacity in Europe, where 45 percent of its vehicles are sold. BMW has confirmed this will be the company’s first assembly plant that will have the capability to produce combustion and pure electric vehicles on the same assembly line.
Aside from confirming both combustion and electric vehicles will be built at the facility, BMW has not confirmed which specific products will call the new Hungarian plant home.
While this is the first Hungarian assembly plant for BMW, the country is not new to vehicle manufacturing. Daimler AG and Audi both already operate plants in the country, where one-third of the country’s exports are now vehicles.
BMW has not disclosed how many employees the new assembly plant will employ when it opens in a couple of years.