Serbia will provide almost €28.9mn in state aid to China’s Minth Group for two new automotive-component factories in the western cities of Loznica and Šabac.
The incentives are tied to investments totalling €225.7mn and the creation of 820 jobs. Minth plans to invest €135mn and employ 600 people in Loznica, while the Šabac project involves about €90.7mn of capital spending and 220 new positions.
The subsidies amount to roughly 13 per cent of the combined investment, underscoring Serbia’s continued reliance on state support to attract foreign manufacturers and expand its role in European automotive supply chains.
Minth produces exterior and structural vehicle components, including aluminium battery housings for electric cars. The company has operated in Serbia since 2018 and already has a substantial manufacturing presence in Loznica and Šabac.
The latest package adds to earlier government support for the group. Minth-linked companies received more than €37mn in Serbian subsidies between 2020 and 2024, as well as publicly owned land, according to local media calculations.
