According to Serbian Economist, Serbia and a number of leading Chinese companies have signed new investment agreements that are expected to bring the country over €940 million in investments and 1,650 new jobs, Chinese media reported.
The documents were signed in the Chinese city of Jiaxing in the presence of Serbian President Aleksandar Vučić. The agreements cover auto parts, high-tech manufacturing, components for electric vehicles, tires, lighting systems, and precision plastic parts.
The largest block of agreements involves the Mint Group. The company, a global player in the production of exterior automotive parts, structural components, and aluminum battery cases for electric vehicles, is implementing two projects in Serbia. The first involves an investment of €135 million and the creation of 600 jobs in Loznica, while the second involves an investment of €91 million and 220 jobs in Šabac.
An agreement has been signed with the Chinese company SHAK for a €33.5 million project in Novi Sad, which is expected to create 50 new jobs. The company specializes in the production of high-quality automotive chassis and structural components.
An investment agreement will also be signed with BMTS Technology, a manufacturer of turbochargers and electrical auxiliary systems for passenger and commercial vehicles. The project focuses on automation and is estimated to cost €13.3 million.
Another project involves Xingyu Automotive, one of China’s leading manufacturers of automotive lighting systems, including LED headlights, taillights, and lighting modules. The company plans to invest €77 million in Niš and create 100 jobs.
Separately, a new €566 million investment by Linglong Tire in Zrenjanin was announced, which is expected to create 400 new jobs. Linglong has been operating in Serbia since 2019; it is China’s largest tire manufacturer and ranks among the world’s top ten manufacturers of passenger, truck, and specialty tires.
A planned investment by Yusei in Niš was also announced, amounting to €27 million and creating 280 jobs. Yusei is a Chinese manufacturer of high-precision plastic automotive parts, injection molds, and chrome-plated components.
A memorandum of understanding was also signed at the ceremony between Mint Holding Group and China Construction Fourth Engineering Division Corp. Ltd. Southeast Branch. The document is intended to support the implementation of Mint’s investments in Serbia.
For Serbia, these agreements are important not only for creating new jobs but also for deepening China’s presence in the country’s automotive and technology industries. The new projects involve electric vehicles, battery casings, lighting, tires, turbo systems, and plastic components—that is, the segments where Serbia is seeking to integrate into European and global automotive supply chains.
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