Kyungshin Serbia EV Cable Plant Supports Europe’s EV Supply Chain
South Korea’s Kyungshin Group has opened a new production facility in the Guberash industrial zone of Smederevska Palanka, Serbia, to manufacture battery components for high-tech electric vehicles. The Kyungshin Serbia EV Cable Plant strengthens the company’s European footprint and supports growing demand from global automakers.
Kyungshin Serbia EV Cable Plant Targets European EV Market
According to the Kyungshin Group website, the company supplies major OEMs such as Hyundai and Kia and already operates production sites in China, India, Honduras, and Poland. The new Serbian facility, Kyungshin Cable Europe, will primarily serve the European market with EV-related components and systems.
Serbian President Aleksandar Vučić attended the grand opening ceremony, underscoring the plant’s importance for local industry and foreign investment. Serbia’s Development Agency (RAS) reports that Kyungshin plans to create about 700 new jobs by the end of 2022, providing a significant boost to employment and regional manufacturing capability.
Kyungshin Cable’s Expanding Global Network
Kyungshin Cable Europe forms part of the broader Kyungshin Group, which also operates facilities in the U.S., Mexico, China, Poland, and South Korea. Founded in 1974, Kyungshin Cable initially focused on automotive and industrial wires and cables.
Over time, the company expanded its core activities to include high- and low-voltage electric vehicle components, aligning its portfolio with new trends in the automotive industry and the rapid shift toward electrification. The Serbian operation further integrates into this global network, giving European EV manufacturers a regional source for critical battery and cable components.
