Chinese Manufacturer Plans Electric Vehicle Production Facility in Serbia
JMOV aims to establish a factory in Sremska Mitrovica for mid-range electric vehicles priced around €20,000.
Chinese company JMOV has expressed interest in opening a factory for electric vehicle production in Sremska Mitrovica, Serbia.
According to unofficial reports, factory representatives are expected to visit Sremska Mitrovica between March 19 and 23 to provide further details regarding this planned greenfield investment.
A source familiar with negotiations with the Chinese delegation noted that JMOV has already selected a site in the city and plans to produce more affordable, mid-range electric vehicles priced at approximately €20,000.
Significant discussions with the Chinese delegation are anticipated as alignment with EU regulations concerning this type of automobile manufacturing will be necessary.
Brankica Zjalic, a representative of JMOV in Serbia, stated that construction of the production facility is expected to begin this summer in Northwestern Serbia.
Production is slated to start next year, with the first vehicles expected to roll off the assembly line by the end of 2026. The factory is projected to manufacture between 3,000 and 5,000 electric vehicles annually, depending on demand from the European Union and other markets.
The investment value has yet to be disclosed, as it will depend on the facility's capacity.
Founded in 2015, JMOV focuses on producing electric vehicles while advancing new technologies in the automotive sector.
It was established as a subsidiary of the Yijangling Motors Corporation Group (JMCG).
In 2019, JMOV was restructured into a joint venture after French automaker Renault acquired a 50% stake in the company.
Since its inception, JMOV has sold over 100,000 electric vehicles, and one of its models is already available in Serbia at a price of €36,000.
The company identifies itself as a "clean green company" as all electrical energy used in the production of electric vehicles comes from renewable sources.
According to unofficial reports, factory representatives are expected to visit Sremska Mitrovica between March 19 and 23 to provide further details regarding this planned greenfield investment.
A source familiar with negotiations with the Chinese delegation noted that JMOV has already selected a site in the city and plans to produce more affordable, mid-range electric vehicles priced at approximately €20,000.
Significant discussions with the Chinese delegation are anticipated as alignment with EU regulations concerning this type of automobile manufacturing will be necessary.
Brankica Zjalic, a representative of JMOV in Serbia, stated that construction of the production facility is expected to begin this summer in Northwestern Serbia.
Production is slated to start next year, with the first vehicles expected to roll off the assembly line by the end of 2026. The factory is projected to manufacture between 3,000 and 5,000 electric vehicles annually, depending on demand from the European Union and other markets.
The investment value has yet to be disclosed, as it will depend on the facility's capacity.
Founded in 2015, JMOV focuses on producing electric vehicles while advancing new technologies in the automotive sector.
It was established as a subsidiary of the Yijangling Motors Corporation Group (JMCG).
In 2019, JMOV was restructured into a joint venture after French automaker Renault acquired a 50% stake in the company.
Since its inception, JMOV has sold over 100,000 electric vehicles, and one of its models is already available in Serbia at a price of €36,000.
The company identifies itself as a "clean green company" as all electrical energy used in the production of electric vehicles comes from renewable sources.
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