According to Serbian Economist, Chinese heavy vehicle manufacturer SHAC (Shanghai Huizhong Automotive Manufacturing) plans to build a plant in Novi Sad. This will be the company’s first European plant, and it is expected to open by the end of 2025.
The investment is estimated at around €40 million. The plant will be located in the CTPark Novi Sad East industrial zone and will produce chassis for European automotive giants, including BMW. Initially, around 200 jobs are planned, of which around 50% will be for highly qualified local specialists.
Serial deliveries to European markets are expected to begin in the first quarter of 2027.
This project is part of efforts to attract foreign direct investment to the regions and increase industrial production in Serbia.
The official name of the investor is Shanghai Huizhong Automotive Manufacturing Co., Ltd. (SHAC). The company was founded in 1992 (although the company’s roots in automobile manufacturing date back to 1958, when the first truck of this type was assembled in China).
The company’s products include heavy trucks, buses, minibuses, chassis, components, and accessories for the automotive industry. The company has multiple production facilities in China (several factories), two R&D centers (one in Shanghai and a sub-center in Ningbo), and partnerships with major brands such as GM, Volkswagen, and others.
