BMW to Invest More Than $2 Billion in Hungary Plant by 2025
26 November 2022 - 1:51AM
Dow Jones News
By Cecilia Butini
Bayerische Motoren Werke AG said Friday that it would invest
more than 2 billion euros ($2.08 billion) in building a
high-voltage battery assembly at a vehicle plant in Debrecen,
Hungary, by 2025.
The German auto maker said the site will be dedicated to
vehicles of its Neue Klasse car line, and that the opening will
create more than 500 new jobs by 2025. Having the new
battery-assembly site next to the Debrecen vehicle plant is part of
BMW's strategy to ensure short distance for logistics, the company
said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
November 25, 2022 09:36 ET (14:36 GMT)
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