Toyo Tire starts construction of new R&D Center in Indija, Serbia The Development Agency of Serbia (RAS) announced that Toyo Tire Corporation (Toyo Tire) has begun the construction of its new R&D Center in Indija, with a planned investment of EUR 29 million. The facility is scheduled to commence operations in January 2027. The center is set to become Toyo Tire’s European hub for tire technology development, focusing on advanced technologies and...

News  Updated at: 2026/03/20

ElevenEs raises funding for battery cell mega factory in Serbia On February 18, ElevenEs completed the first closing of its Series B investment round, backed by Caterpillar Venture Capital, Inc. a subsidiary of Caterpillar Inc. Additionally, an affiliate of BST (HK) Ltd., a leading Hong Kong-based commodity trading house, participated in the round. The proceeds will be used for the initial phases of infrastructure and equipment toward the planned...

News  Updated at: 2026/02/19

Tazzari, Italy, plans investment in Serbia On February 3, the Ministry of Economy, Serbia, announced that Tazzari, an Italian leader in the production of parts for motor vehicles and electric cars, is planning investments in Serbia. The company mainly deals with casting aluminum parts for engine production. Its main customers are global brands such as Ducati, Lamborghini, Maserati, Ferrari, etc. The company has its own production of small electri...

News  Updated at: 2026/02/04

AUMOVIO to cut up to 4,000 R&D jobs worldwide by 2026 AUMOVIO SE (formerly the Automotive division of Continental) announced plans to reduce up to 4,000 positions globally by 2026, as part of efforts to strengthen the competitiveness of its research and development (R&D) activities in a challenging market environment. The reductions will affect locations in India, Singapore, Romania, Serbia, Germany, and Mexico. In Germany, job reductions are exp...

News  Updated at: 2026/01/28

Toshiba partners with MIKROE, Serbia to launch SmartMCD motor control board for automotive prototyping On January 19, Toshiba Electronics Europe (Toshiba) announced a partnership with MIKROE to integrate its SmartMCD for dual brushed DC motors into the SmartMCD TB9M001FTG board, helping automotive engineers streamline prototyping for applications such as sunroofs, wipers, power windows, and adjustable seats. The SmartMCD device is AEC-Q100 Grade ...

News  Updated at: 2026/01/20

Serbia to continue electric vehicle subsidies in 2026 On January 6, the Ministry of Environmental Protection, Serbia, announced that it has allocated more than RSD 450 million to co-finance the purchase of electric vehicles. In the past year, funds have been secured for the purchase of almost 1,000 exclusively electric vehicles, with 207 individuals and 773 legal entities submitting requests. The subsidies will continue in 2026. This year, the mi...

News  Updated at: 2026/01/12

OCSiAl, Serbia, opens new laboratory to accelerate nanotube-based silicone development On December 16, OCSiAl opened a new laboratory for liquid silicone rubber (LSR) and room-temperature-vulcanizing (RTV) systems and added a product line for silicones to its rapidly expanding production site in Serbia. The laboratory is fully equipped for formulation, curing, molding, and electrical testing. It focuses on developing graphene nanotube solutions f...

News  Updated at: 2025/12/18

CES 2026: NOVELIC, Serbia to present radar solution for park assist and blind spot monitoring On December 17, NOVELIC, a part of Sona Comstar Group, announced that it will showcase a single-radar solution for both park assist and blind spot monitoring applications at CES 2026. Besides, its in-cabin monitoring radar portfolio expands to include a camera-based driver monitoring system. The company's ADAS portfolio is centered on its ASPER 79 GHz ra...

News  Updated at: 2025/12/18

SHAC, China, to cater BMW and other European OEMs from new Serbian plant On December 4, the Development Agency of Serbia (RAS) announced that the Shanghai Huizhong Automotive Manufacturing’s (SHAC) new plant in the Kać Industrial Zone was built with an investment of EUR 30 million. It will be a key European center to produce components for the world's largest premium brands. SHAC will deliver components for BMW from this plant. There are plans...

News  Updated at: 2025/12/08

SHAC, China, opens plant in Novi Sad, Serbia On December 4, the City of Novi Sad announced that Shanghai Huizhong Automotive Manufacturing (SHAC) opened a production hall in CTPark Novi Sad East Industrial Zone. The trial production will begin next year. Currently, the company has 30 employees and plans to hire 40 more next year. The company is 100% holding enterprise of HASCO (Huayu automobile system). The Novi Sad plant in the Kać Industrial Z...

News  Updated at: 2025/12/05

FPT Industrial and Xiamen Golden Dragon Bus delivers first natural gas-powered buses to public transport authority in Kragujevac, Serbia On November 26, FPT Industrial announced that Xiamen Golden Dragon Bus has delivered the first batch of buses powered by FPT’s Cursor 9 Euro VI natural gas engines for the public transport authority in Kragujevac, Serbia. This is the beginning of a four-year plan to supply 200 buses, helping the city to improv...

News  Updated at: 2025/11/27

h an investment of EUR 300 million, the center will employ 300 people. It will be launched in stages from 2028 to 2030. Founded in Luxembourg in 2010, OCSiAl has become the world’s largest producer of graphene nanotubes, a next-generation material. OCSiAl’s nanotubes, currently produced only in Serbia, where the company is increasing production capacity fourfold, are already used in more than 10% of smartphones sold today and in over one mill...

News  Updated at: 2025/11/13

ures to the entry-level EV segment. The JV is also working with Volkswagen Group brands on the next development steps for future SSP-based models, expected to arrive by the end of the decade. RV Tech is also expanding its organization. It now has over 1,500 employees across the USA, Canada, Sweden, Serbia, and a new location in Berlin. Based on Volkswagen Group press release...

News  Updated at: 2025/11/13

Fine Stamping opens new plant in Serbia On November 11, the City of Apatin announced that the Chinese company Fine Stamping has opened a plant in the city to produce parts for electric car engines. Built with an investment of EUR 50 million, it will employ 150 workers. The company Fine Stamping is part of the Chinese group Ningbo Zhenyu Technology. Based on press release from the City of Apatin...

News  Updated at: 2025/11/12

announced that Wireless Mobility Automotive has become a wholly owned subsidiary of Wireless Mobility Holding GmbH, making the company a 100% German-owned enterprise.  Wireless Mobility combines European engineering excellence with an international footprint, with R&D facilities in Germany, Italy, Serbia, and Malaysia. This global setup allows the company to deliver the highest standards of quality and compliance while also providing a cost-effe...

News  Updated at: 2025/11/06

Stellantis Kragujevac plant, Serbia adds third shift and targets 500 cars per day to increase Fiat Grande Panda output On October 23, multiple sources reported that the Fiat Grande Panda, which is built at Stellantis’ Kragujevac plant in Serbia, is the first Fiat model on the new Smart Car platform for compact cars. Around 200 Italian workers (from plants such as Melfi, Atessa, and Pomigliano) have temporarily joined the plant to avoid layoffs....

News  Updated at: 2025/10/24

ElevenEs, Serbia, signs joint declaration of support for its battery manufacturing expansion On October 13, ElevenEs signed a "Joint Declaration of Support for the ElevenEs Battery Manufacturing Expansion" with representatives from the European Commission and the Development Agency of Serbia, in the presence of the President of the European Commission.  The signing ceremony took place at the first EU-Western Balkans Investment Forum. The Joint D...

News  Updated at: 2025/10/17

Toyo Tire to transfer R&D function from Germany to Serbia On October 2, Toyo Tire Corporation (Toyo Tire) announced that it will reorganize its research and development base in Europe. The R&D function at its plant in Willich, Germany will be transferred to a new base in Indija, Serbia in January 2027. This transfer will serve as an opportunity to further strengthen the company's global R&D structure across Japan, the United States, and Europe. T...

News  Updated at: 2025/10/03

mmer break. This is the second stoppage in early September 2025. From January to August 2025, the plant operated only 70 out of 144 working days, marking its lowest activity ever. Meanwhile, Stellantis is offering a temporary travel program for about 100 employees to work at the Kragujevac plant in Serbia, where the new Fiat Grande Panda is produced. The program aims to optimize resources and support international production. Based on multiple so...

News  Updated at: 2025/09/12

With about 85% of its sales overseas, NEXEN TIRE has focused on key regions such as Europe and the United States.  Europe, which accounts for 40% of total sales, will see a new branch office in Bucharest, the capital of Romania. The new branch will oversee distribution in nine countries, including Serbia, Bulgaria, and Kosovo. The company will also expand in Latin America with a new subsidiary in Mexico, which will serve as the hub of an indepen...

News  Updated at: 2025/09/09