BMW could start production at its new plant in Debrecen in 2023, it has been reported.
German newspaper Stuttgarter Zeitung revealed that recruiting for the plant will start next year and plans are already full steam ahead.
A spokesperson for the company told the newspaper that the plant would turn out both combustion engines and electric motor cars but said a decision on exactly which models would be made there has not yet been taken.
Péter Szijjártó, minister of Foreign Affairs and Trade, recently 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.