CAPTION: BMW lays cornerstone of new Hungarian plant focused on electric cars. (picture alliance/dpa) German carmaker BMW laid the cornerstone for a new plant in the Hungarian city of Debrecen.
Starting in 2025, BMW intends to begin production of its first car with a purely electric platform. Moreover, it is to be the first car plant in the world that uses exclusively renewable energy, meaning it will have no net carbon dioxide emissions, Milan Nedeljković, member of the board of management, said in Debrecen.
The company is investing more than €1 billion ($1.07 billion) in the location. Around 1,000 staff will be building up to 150,000 electric cars a year once the plant is complete.
The model to be built in Debrecen is due to be the start of a new class of cars by BMW, the architecture of which will be gradually instated throughout the company's production.
It is intended to boost sales of battery-powered cars and make them as profitable as fuel-powered cars are today.
The new plant will play "a decisive role in the transformation towards electro-mobility," said Nedeljković. Furthermore, it is an important step for the company's goal of raising its production and sales to 3 million cars by 2030 - of which half are planned to be fully electric.
Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.