Rio Tinto invests in InoBat
Mining group Rio Tinto is investing in Slovakian battery company InoBat. The investment follows a memorandum of understanding signed by the two companies in May to build a value chain for the production and recycling of electric car batteries in Serbia.
ElevenEs to build LFP batteries in Europe
The Serbian company ElevenEs has announced a strategic partnership with EIT InnoEnergy to build the first LFP lithium-ion battery gigafactory in Europe. The location has already been decided, but construction is not due to start until 2024.
Serbia suspends EV subsidies
The government of Serbia has suspended its subsidy programme for electric and hybrid vehicles introduced last year. Since 13 August, no new applications have been accepted for this year because the budget has been exhausted.
Rio Tinto to mine lithium in Serbia
Mining group Rio Tinto has announced investments of US$2.4 billion in its planned Jadar project in Serbia to produce, among other things, up to 58,000 tonnes of battery-grade lithium carbonate from 2026.
InoBat & Rio Tinto to set up battery recycling in Serbia
The Slovakian battery company InoBat wants to build a value chain for the production and recycling of electric car batteries in Serbia together with the mining group Rio Tinto. However, one important point is still open: The investment decision in the mine in Serbia.
Nidec is gearing up its electric motor business in Europe
Japan’s Nidec Corporation just opened new offices in Serbia and is setting up two new factories in the city of Novi Sad. These are just part of a wider network that is to bring Nidec to the forefront of the global electric car market. This is according to this latest strategy briefing.
Chariot Motors to supply e-buses with ultra-caps
The Bulgarian electric bus manufacturer Chariot Motors has received an order from Belgrade. The public transport company GSP from the Serbian capital wants ten electric buses of a special kind – Chariot will use ultracapacitors which won them the tender.
Belgrade gets greener with €5.2 billion investment
The Serbian capital Belgrade is aiming to invest a total of 5.2 billion euros by 2030 together with private stakeholders to reduce CO2 emissions and improve air quality. In doing so, the metropolis is also focusing on the electrification of the transport sector.
Nidec invests billions aiming lead in e-drive market
The Japanese supplier Nidec has announced that it will invest up to ten billion US dollars in the automotive electric motor business over the next five years. According to the CEO, the company intends to “dominate the market for electric vehicle engines”.
Tesla expands further in Eastern Europe
Tesla CEO Elon Musk has said Tesla would open stores in Slovakia, Croatia, Serbia and most Eastern Europe states by early next year. Meanwhile, Model 3 has arrived in Australia, and back in the company’s home country, a judge in Delaware, USA orders Tesla to defend Elon Musk’s potential payout.