Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
OpenAI in talks with Samsung to power AI features, report says
-
4
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
S. Korea not to attend Sado mine memorial: foreign ministry
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
BMW Group Korea said Tuesday it will invest 60 billion won ($54 million) until 2023 in expanding its local logistics center.
The logistics center in Pyeongtaek, just south of Seoul, will be able to accommodate about 18,000 vehicles, up from the current 11,000 with the expansion, the company said in a statement.
BMW said it will continue to increase investment here to meet customers' demands and boost sales.
The German carmaker said it will establish the infrastructure at the logistics center to charge 70,000 units a year of its electric and plug-in hybrid models.
In 2016, BMW invested 25 billion won in the Pyeongtaek logistics center to raise the number of accommodable vehicles to 9,000 from 4,800.
BMW entered Korea in 1995 and has invested a total 399.5 billion won to build a driving center, a research & development center, and logistics centers for parts and vehicles.
For the whole of 2020, BMW Group Korea which sells BMW, MINI and Rolls-Royce models sold a total of 69,809 units, up 28 percent from 54,574 a year earlier. (Yonhap)
The logistics center in Pyeongtaek, just south of Seoul, will be able to accommodate about 18,000 vehicles, up from the current 11,000 with the expansion, the company said in a statement.
BMW said it will continue to increase investment here to meet customers' demands and boost sales.
The German carmaker said it will establish the infrastructure at the logistics center to charge 70,000 units a year of its electric and plug-in hybrid models.
In 2016, BMW invested 25 billion won in the Pyeongtaek logistics center to raise the number of accommodable vehicles to 9,000 from 4,800.
BMW entered Korea in 1995 and has invested a total 399.5 billion won to build a driving center, a research & development center, and logistics centers for parts and vehicles.
For the whole of 2020, BMW Group Korea which sells BMW, MINI and Rolls-Royce models sold a total of 69,809 units, up 28 percent from 54,574 a year earlier. (Yonhap)
