Karanovic & Nikolic has advised ZF Friedrichshafen AG on the opening of an electric vehicle parts factory in Pancevo, Serbia, with an investment planned to amount over EUR 100 million.
The German company specializes in the design, research and development, and manufacturing activities in the automotive industry. It laid the foundations and began construction on June 21, 2018.
K&N reports that the new 25,000 square meter factory, which is being built on a land parcel of 10.8 hectares, will produce parts for electric and hybrid-electric vehicles and will service premium automotive manufacturers. The project will be realized in two stages and is expected to generate more than 1,000 new jobs.
The K&N team was led by Senior Partner Marjan Poljak and Senior Associates Ana Stankovic and Ana Lukovic.