Germany’s Continental to invest EUR 150mn in its expansion in Serbia

German car parts maker Continental plans to invest 150 million euros in the expansion of its plant in Serbia’s second largest city of Novi Sad, city mayor Milan Djuric said.

The new investment will create 1,500 new jobs, in addition to the 1,900 workers already employed at the plant, Djuric said in a Facebook post.

Djuric also said that our engineers from Continental’s research and development centre in Novi Sad have developed an autonomous, driverless truck with the level 4 autonomy.

“Our researchers are part of the international team of this global company that worked on the development of this solution. This innovation is validation that Novi Sad plays a key role in the future of the automotive industry”, pointed out Djurić.

Continental opened the new 140 million euro factory in Novi Sad last year. It produces high-tech solutions for vehicle interiors on an area of 30,000 square metres. Its construction started in 2021.

Along with the new factory that opened in 2023, the company also has a facility for the production of electronic systems for the automotive industry and an R&D centre in Novi Sad.

In addition, Continental has a plant for pipes and pipe systems for vehicle powertrains in the northern city of Subotica, some 100km north of Novi Sad.

(NS Uživo, 13.02.2024)

This post is also available in: Italiano

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