ZF’s E-Mobility Division is building a new production facility in Pančevo, Serbia
April 12, 2018
Friedrichshafen, April 11, 2018 – ZF’s E-Mobility Division is expanding its production capacity for electromobility products by building a new facility in the Serbian city of Pančevo. The company is investing more than €100 million in the project.
“The demand for our electric motors and all-electric drives develops dynamically,” said Michael Hankel, member of the Management Board of ZF Friedrichshafen AG 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.”
Construction for the new ZF plant in Pančevo, located 14 kilometers northeast of the Serbian capital, Belgrade, is scheduled to start in June 2018. Starting in 2019, this plant, covering more than 20,000 square meters, will focus on the production of electric motors and generators for hybrid and electric drives as well as transmission selector levers and micro-switches. ZF is investing a total of more than €100 million in building of the new plant. In the long term, the ZF Pančevo location will have a workforce of 1,000.
ZF Friedrichshafen AG
ZF is a global leader in driveline and chassis technology as well as active and passive safety technology. The company has a global workforce of 146,000 with approximately 230 locations in some 40 countries. In 2017, ZF achieved sales of €36.4 billion. ZF is one of the largest automotive suppliers worldwide.
ZF allows vehicles to see, think and act. The company invests more than six percent of its sales in research and development annually – in particular for the development of efficient and electric drivelines and also in striving for a world without accidents. With its broad portfolio, ZF is advancing mobility and services in the automobile, truck and industrial technology sectors.