# SHAC to build EUR 40M automotive factory in Novi Sad, Serbia

Chinese automotive company SHAC is opening its first European factory in Novi Sad, Serbia, with a EUR 40 million investment. The first phase will cover 19,000 m², with potential expansion to 30,000 m². Production is expected to start by end of 2025, with first serial delivery in Q1 2027.

- Type: New facility
- Announced: 2025-05-26
- Where: Novi Sad, Serbia, Serbia
- Value: $43.5M (40.0M EUR)
- Jobs: 200
- Starts operating: 2025
- Status: announced
- Capacity: 19,000 m² (first phase), up to 30,000 m² (total)
- Products: automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [SHAC](https://endata.com/companies/84969.md)

## Sources

- [ekapija.com](https://www.ekapija.com/en/news/5182711/business-advice/index), 2025-05-26: "The company is investing EUR 40 million in the opening of the factory in Novi Sad."

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