Chinese bike manufacturer Fine Stamping launches 50 million euro project in Serbia

14 march 2025

In February 2025, it was announced that Fine Stamping, a Chinese electric vehicle motor manufacturing company, will invest 50 million euros in the construction of a new plant in the Serbian town of Apatin, located in the northern province of Vojvodina. Plans call for the construction of the plant to be completed by July 2028, with the production line expected to be operational in September that year, BalkanEngineer.com has learned from SeeNews.com.

The company, founded in 2013 in China's Jiangsu province, is a renowned manufacturer of motor cores, which are essential components for electric motors used in electric vehicles. Fine Stamping produces motor cores for about 300 million vehicles annually, and with the construction of the plant in Serbia, the company will expand its production capabilities and create new jobs. According to official information, the first phase of the plant construction will employ 150 people.

Fine Stamping already operates in Serbia from 2024 through its subsidiary Finestamping Technology, which is based in Belgrade. This is part of China's broader strategy to invest in Central and Eastern European countries, which offer a strategic location to access important European Union markets. Investments by Chinese companies in Serbia, such as Minth and Nidec, which are also expanding their automotive component production facilities, further underline the growing importance of the region to the global automotive market.

Photo source: ©Engineer BG via Canva.com

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