state incentives

Seven million euros in subsidies for Chinese EV motor plant in Apatin

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…