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German car manufacturer BMW is planning the largest investments in the company’s history this year and is therefore expecting a slight decline in pre-tax profits, company executives said on Thursday. Planned investments include the construction of battery factories in southern Germany, China, Mexico and the United States, as well as the construction of a new vehicle plant in Hungary and the launch of its New Class platform of all-electric vehicles, said Walter Mertl, the company’s chief financial officer. BMW is also investing in expanding its Munich plant and the electrification of a factory …

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