South Korean company Kyungshin Cables plans to invest 20 million euros in the construction of a factory for electric vehicle charger cable sets in Smederevska Palanka (Serbia). The local government of Smederevska Palanka and Kyungshin Cables on Friday signed a Memorandum of understanding (MoU) for this project, which will employ

In the coming years and will create 1,100 jobs in production, development and administration. This new location north of Belgrade strengthens the competitiveness of the Brose Group. Pančevo will be the home of a production site for electric motors and drives as part of a first stage of expansion

In the production area of approximately 18,500 square meters around 200 people will be employed in the initial phase, while employee numbers are to be gradually increased year after year, up to 800. In Serbia Yanfeng will produce car interior components for major automakers, such as Mercedes. The manufacturing