BMW production in Hungary to start in 2025
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German carmaker BMW will start production at a plant in Debrecen (about 195 km east of the capital) in 2025, the company announced at a press conference on annual sales in Budapest on Thursday, according to a report by state news wire MTI.
Work on the base is "proceeding according to plan" and building construction will start in the first half of 2022.
The more than EUR 1 bln plant, with 1,000 workers, will have capacity to turn out 150,000 cars a year when production starts in 2025.
BMW was to have started construction of the plant in the spring of 2020, but management revisited plans for the base because of 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 25% to 457.
BMW had a 3.3% share of the new passenger car market, but a 29.5% share in the premium category.
Next year, BMW's share of the premium segment could reach 30%, Galant said.
There are 15 BMW and six MINI brand dealerships in Hungary.
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