German carmaker BMW will start production at a plant in Debrecen (about 195 km east of the capital) in 2025, the company announced at an annual sales press conference in Budapest on Thursday, according to a MTI state news wire report.
Work on the base is “going according to plan” and construction of the building will begin in the first half of 2022.
The more than €1 billion factory, with 1,000 workers, will have the capacity to produce 150,000 cars a year when production begins in 2025.
BMW was due to begin construction of the plant in the spring of 2020, but management has revised plans for the base due to the impact of the coronavirus crisis.
BMW Group Magyarország Managing Director Maciej Galant said BMW brand sales in Hungary rose 16% to 4,063 last year. Sales of the MINI brand increased by 25% to 457.
BMW had a 3.3% share of the new passenger car market, but a 29.5% share in the premium class.
Next year, BMW’s share in the premium segment could reach 30%, Galant said.
There are 15 BMW dealerships and six MINI dealerships in Hungary.
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