The Serbian government has allocated €7.06 million in state incentives to Finestamping Technology, a Chinese automotive supplier, to establish a production facility in Apatin. This investment will focus on manufacturing motor cores for electric vehicles and is part of Serbia’s strategy to enhance foreign investment in the automotive and advanced manufacturing sectors.
An investment agreement with Serbia’s Ministry of Economy was finalized in December 2025, which commits Finestamping Technology to construct a factory dedicated to producing components for electric motors used in the automotive industry. The project entails a minimum investment of €47.1 million and aims to create 150 permanent jobs by the end of 2028.
Finestamping Technology operates under the Fine-Stamping Technology Company Limited, which is part of the Zhenyu Group based in China. The group specializes in precision component manufacturing for the automotive sector and reported an estimated consolidated revenue of €771.6 million in 2023, employing around 6,028 people globally.
The Apatin facility will focus on producing laminated cores essential for electric motors, which are crucial components in electric vehicle drivetrains. These cores are produced using high-precision stamping techniques and are applicable in various systems including electric vehicle traction motors and automotive EPS systems.
The state incentives represent approximately 15% of the total project cost and will be distributed over four installments from 2026 to 2029, contingent upon the company meeting its investment and employment commitments. The initial payment of about €1.95 million is anticipated in 2026, following the company’s demonstration of a minimum €25 million investment and hiring of initial employees on permanent contracts.
This facility marks Finestamping Technology’s inaugural overseas manufacturing unit. The company established its Serbian subsidiary in April 2024, registering under automotive component production activities, although no employees were hired at that time due to the early phase of the investment.
Construction has commenced within the Robno-transportni centar (RTC) industrial zone in Apatin, where a modern manufacturing complex is being developed on approximately 7.5 hectares. This complex will include production halls along with administrative and support infrastructure necessary for large-scale industrial operations.
This investment aligns with Serbia’s vision to become a regional hub for automotive component manufacturing, particularly within emerging electric vehicle supply chains targeting European markets. The documentation indicates that the primary market focus for the Apatin plant will be EU countries, reflecting a trend of relocating parts of the automotive supply chain to Southeast Europe.
Apatin has been enhancing its industrial capacity through various foreign direct investment projects recently. The introduction of a supplier specializing in EV motor components further integrates the region into the evolving electrification landscape within the automotive sector, which increasingly demands specialized manufacturing capabilities such as precision stamping and advanced metal processing.
In light of Serbia’s ongoing transformation within its automotive sector, this project fits into broader trends including electric vehicle component production and battery manufacturing initiatives. The country currently hosts numerous suppliers catering to European OEMs, with investments in EV-related components aimed at incorporating local manufacturing into next-generation vehicle technologies.
