Serbia - ZF has announced that it is building a new facility in Pančevo, located 14km from the capital city Belgrade. It will house the production of a variety of electric and hybrid powertrain components, such as electric motors, selector levers and micro-switches.
"The demand for our electric motors and all-electric drives develops dynamically," commented Michael Hankel, member of the management board of ZF and responsible for Production and Electromobility. “Since vehicles with hybrid and all-electric drives are set to become more established in the future, we are adapting our worldwide production network to cope with the rise in demand.”
The new plant will cost over €100m (US$119.90m), and the supplier believes that it will have a workforce of 1,000 strong. Construction is set to begin in June 2018, while production is scheduled for 2019.
ZF founded its E-Mobility division in 2016. It is headquartered in Schweinfurt, Germany, but has locations in the US, Mexico, China, India and Japan.