# Kyungshin Cable opens €20M battery components plant in Serbia

Kyungshin Cable opened a €20 million plant in Smederevska Palanka, Serbia, to produce battery components for electric vehicles, expected to create 700 jobs by end of 2022.

- Type: New facility
- Announced: 2021-04-24
- Where: Smederevska Palanka, Serbia, Serbia
- Value: $24.0M (20.0M EUR)
- Jobs: 700
- Starts operating: 24 Apr 2021
- Status: completed
- Products: battery components for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Kyungshin Cable](https://endata.com/companies/50099.md)

## Sources

- [european-rubber-journal.com](https://www.european-rubber-journal.com/article/2071096/kyungshin-cable-opens-battery-components-factory-in-serbia), 2021-05-13: "The €20-million plant will produce battery components for “high-tech electric vehicles” for the European market."

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