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- German luxury vehicle brand BMW (Bayerische Motoren Werke ADR) (OTC:BMWYY) is building a high-voltage battery assembly for the vehicles of the NEUE KLASSE at its site in Hungary.
- The company will invest over €2 billion and is expected to generate more than 500 additional jobs.
- The battery assembly will be located on the site of the Debrecen vehicle plant, which started construction about six months ago.
- The entire plant is anticipated to be launched by the end of 2025.
- "In Debrecen, we are building the most advanced plant in the world. With our iFACTORY, we are setting new industry standards for vehicle production," said Milan Nedeljković, member of the Board of Management of BMW AG, Production.
- The new production facility will extend over an area of about 140,000 m².
- Price Action: BMWYY shares are trading higher by 0.15% at $29.16 on the last check Friday.
- Photo Via Company
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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