Debrecen 'focal point' for BMW electromobility strategy

Automotive

Image by Pixabay

BMW's plant in Debrecen "will be the focal point for BMW's electromobility-based strategy in future", Minister of Foreign Affairs and Trade Péter Szijjártó said after meeting with the German car maker's chairman, Oliver Zipse, in Munich on Wednesday.

In a video message posted on his Facebook page, Szijjártó said BMW is developing a separate platform devoted exclusively to the production of electric models, and these cars will be produced in Debrecen.

"BMW is attaching much greater significance to the factory in Debrecen than was initially planned," he added.

He said Hungary would be among the front runners in the era of electric vehicles.

Preparations for the construction of the plant in Debrecen are proceeding on schedule and all infrastructure developments the government agreed to undertake have been completed, he added.

BMW was to have started construction of a EUR 1 billion plant in Debrecen in the spring, but management revisited plans for the base because of the impact of the coronavirus crisis.

"In the current situation, we are carefully reviewing all our projects as a matter of principle," Zipse said in May, after the company released its first-quarter earnings. "As an example of this: since expected demand is always a relevant factor for us, we have decided to postpone the opening of the plant in Hungary by a year."

Initial plans put the plant's headcount at around 1,000, turning out about 150,000 vehicles a year.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.