Chinese companies to invest almost billion euros in Serbia and create 1,650 new jobs – New investment agreements signed

In Jiaxing, in the presence of Serbian President Aleksandar Vucic, new investment agreements were signed between Serbia and leading Chinese companies, which will bring investments worth more than 940 million euros to Serbia and 1,650 new jobs.

At a ceremony at the China-Serbia Youth Cultural Center, two new contracts were signed with Minth Group, a global leader in the design and production of exterior car parts, structural components and aluminum battery cases for electric vehicles.

The first contract envisages an investment of 135 million euros and 600 new jobs in Loznica, and the second an investment of 91 million euros and 220 new jobs in Sabac.

With SHAK, a Chinese manufacturer of high-quality automotive chassis and structural components, an investment agreement worth EUR 33.5 million was signed in Novi Sad, which will also create 50 new jobs.

Also, with BMTS Technology, which produces turbochargers and electrical auxiliary systems for passenger and commercial vehicles, an investment agreement focused on automation was signed, and the investment value is EUR 13.3 million.

With Xingyu Automotive, one of the leading Chinese manufacturers of advanced automotive lighting systems, including LED headlights, taillights and lighting modules, an investment agreement worth EUR 77 million was signed, creating 100 new jobs in Nis.

The agreements strengthen the strategic economic cooperation between the two countries through new investments in high technology, automotive components and advanced manufacturing.

A new investment of EUR 566 million by Linglong Tire, which will create 400 new jobs in Zrenjanin, was also announced at the ceremony.

Linglong Tire has been operating in Serbia since 2019 and is the largest tire manufacturer in China, as well as one of the 10 largest manufacturers of car, truck and specialty tires in the world.

A planned investment of EUR 27 million by Yusei in Nis was also announced, bringing 280 new jobs.

Yusei is a leading Chinese manufacturer of high-precision automotive plastic parts, injection molds and chrome components.

A Memorandum of Understanding was also signed at the ceremony between Minth Holding Group and China Construction Fourth Engineering Division Corp. Ltd. Southeast Branch, in support of Minth’s investments in Serbia.

The signing ceremony was also attended by the Deputy Governor of Zhejiang Province, Zhang Yanjun.

Minth automotive Europe doo Loznica

Linglong International Europe d.o.o. Zrenjanin

BMTS Technology d.o.o. Novi Sad

Xingyu Automotive Lighting Systems d.o.o. Niš

Yusei Machinery d.o.o. Niš

Minth Group

SHAK

BMTS Technology

Xingyu Automotive

Linglong Tire

Yusei

China Construction Fourth Engineering Division Coro Ltd Southeast Branch

Serbian President Aleksandar Vučić

Zhejiang

Zhang Yanjun