# Zhenyu to build NEV motor parts base in Serbia

Ningbo Zhenyu Technology plans to invest EUR 72 million to build a new energy vehicle motor parts production base in Serbia, producing lamination precision parts for drive motors. Construction starts June 2024, completion by end of 2028.

- Type: New facility
- Announced: 2024-03-14
- Where: northern Serbia, Serbia
- Value: $78.8M (72.0M EUR)
- Starts operating: 2028
- Status: announced
- Products: lamination precision parts for NEV drive motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ningbo Zhenyu Technology](https://endata.com/companies/71698.md)

## Sources

- [www2.yicaiglobal.com](https://www2.yicaiglobal.com/news/chinas-zhenyu-to-build-nev-motor-parts-production-base-in-serbia), 2024-03-14: "Zhenyu will set up a project company in northern Serbia that will invest in and operate a base producing lamination precision parts, which are key components for the drive motor of NEVs."

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