An investment BOOM in Serbia: Japanese to invest almost USD 2 billion?

Japanese Nidec Corporation, which operates worldwide, will invest 200 billion yen (USD 1.9 billion) in construction of an electric vehicle engine plant in Serbia, the Tokyo business daily Nikkei reports.

Nidec is in the final phase of talks with Serbian authorities on plans to build a plant and a research centre in Serbia, as the company seeks to expand its presence in Europe, whose electric vehicle market competes with China’s, newspaper reports.

The plant in Serbia will become one of the largest production centres of the Japanese company in Europe, which will reach an annual production of between 200,000 and 300,000 units by 2023, the text published by the web portal Seenews says.

Izvor: Agencije

Foto: screenshot