# Nidec opens first European production hub in Novi Sad, Serbia

Nidec Corporation opened a factory for automotive inverters and electronic control units in Novi Sad, Serbia, investing €92.9 million. The plant will produce up to 300,000 e-axles annually and employ around 120 initially, with plans to reach 1,000.

- Type: New facility
- Announced: 2023-05-18
- Where: Novi Sad, Serbia, Serbia
- Value: $101.0M (92.9M EUR)
- Jobs: 120
- Starts operating: 18 May 2023
- Status: completed
- Capacity: 300,000 units per year
- Products: automotive inverters, electronic control units, e-axles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [ras.gov.rs](https://www.ras.gov.rs/en/japans-nidec-picks-serbia-for-the-first-european-production-hub), 2023-05-18: "Japanese motor maker Nidec investing €92.9 million in the construction of a plant in Serbia that would produce electric axles, the powertrains of electrical vehicles."

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