Germany's auto supplier ZF has invested €300 million in a state‑of‑the‑art electric‑vehicle components plant in Pancevo, Serbia, drawn by low labor costs, fast‑track permitting and a well‑trained workforce. But despite the modern production facilities, Serbia has not been spared the Europe‑wide downturn in automotive demand — even as German companies remain among the country's most important investors and trading partners.

This video summary was created by AI from the original DW script. It was edited by a journalist before publication.