# Nidec Electric Motor Serbia to invest EUR 93M in Novi Sad plant

Nidec Electric Motor Serbia will invest EUR 93 million in equipping a plant for electronic equipment for motor vehicles in Novi Sad, Serbia, creating 116 jobs by 2024.

- Type: Investment
- Announced: 2022-12-24
- Where: Novi Sad, Serbia
- Value: $98.0M (93.0M EUR)
- Jobs: 116
- Starts operating: 2024
- Status: announced
- Products: electronic equipment for motor vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Nidec Electric Motor Serbia](https://endata.com/companies/67515.md)

## Sources

- [serbia-business.eu](https://serbia-business.eu/serbia-the-ministry-of-economy-supported-five-projects-of-the-automotive-industry-and-electrical-equipment/), 2022-12-23: "Nidec Electric Motor Serbia will invest EUR 93 million in Novi Sad by the end of 2026, and employ 116 new workers by the end of 2024."

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