# Nidec Elesys Europe to invest EUR 37M in Serbian plant for auto parts

Nidec Elesys Europe will invest EUR 37 million in equipping a plant for electrical and electronic parts for motor vehicles in Serbia, creating at least 100 jobs by 2024.

- Type: Investment
- Announced: 2022-12-24
- Where: Serbia
- Value: $39.0M (37.0M EUR)
- Jobs: 100
- Starts operating: 2024
- Status: announced
- Products: electrical and electronic parts for motor vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Nidec Elesys Europe](https://endata.com/companies/67516.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: "The company Nidec Elesys Europe is implementing an investment related to equipping a plant for the production of electrical and electronic parts for motor vehicles, the implementation of which will employ at least 100 new workers for an indefinite period and invest 37 million EUR 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.