BMW is to build a new plant in Debrecen, it has been announced.
Péter Szijjártó, minister of Foreign Affairs and Trade, said in an area of 400 hectares in the vicinity of the city they will manufacture conventional and electric cars on a production line with the latest cutting-edge automotive industry technologies.
The minister said the plant’s capacity would be enough for the production of some 150,000 cars a year.
Minister Szijjártó pointed out that more than 1,000 jobs will be created and over one billion euros of investment will be pumped into Hungary.
He said the area chosen as the site of the plant will be transferred to BMW’s ownership in the second half of the year, and recruitment will start as early as next year.
The project will contribute to Hungary’s competitiveness and will further strengthen Hungarian-German economic relations, he said.
The minister said that the new investment marks another fine achievement because when one of the world’s biggest, most successful and most modern automobile manufacturers decided to increase its production capacity in Europe, it chose Hungary. Negotiations took 14 months and BMW was considering other European cities for its plant.