# Nidec to build auto parts plant in Novi Sad, Serbia

Nidec plans to build a factory in Novi Sad, Serbia, for the automobile industry, covering 26,000 square meters and employing about 300 people. Production is expected to start by the end of 2022. The investment is worth around $2 billion.

- Type: New facility
- Announced: 2021-04-08
- Where: Novi Sad, Serbia
- Value: $2.00B
- Jobs: 300
- Starts operating: Jul 2022
- Status: announced
- Capacity: 26,000 square meters
- Products: electric motors for car steering and comfort
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nidec](https://endata.com/companies/1321.md)

## Sources

- [telegraf.rs](https://www.telegraf.rs/english/3324502-the-japanese-are-buying-land-nidec-will-start-production-in-novi-sad-in-2022), 2021-04-08: "Production would start by the end of 2022."
- [just-auto.com](https://www.just-auto.com/news/nidec-to-build-factory-in-serbia/), 2021-04-13: "Nidec Corporation would invest EUR1.5bn euro ($1.8bn) to build an automotive electric motor and inverter factory in Novi Sad, in northern Serbia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.