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Nine out of ten automobiles in Europe contain parts that were manufactured in Bulgaria. 80% of all the sensors in European cars were also produced in the country. The automotive parts manufacturing is one of the fastest developing sectors in Bulgaria today, growing with around 8% per annum. There are more than 270 companies in the industry, many of which producing components for global automotive brands

With several leading players in areas like electric motors and mechatronics, the Slovenian automotive industry can provide sophisticated components and unique solutions like high-torque in-wheel electric drive systems and AI based real traffic simulation solutions

Due to its highly skilled workforce and location, the automotive industry in Serbia is not just a traditional economic sector but also a sector with a promising future. Today almost all significant European and some Asian automakers receive supplies from the Serbian automobile sector

To ensure that charging systems grow in tandem with vehicle sales, the Turkish government must coordinate the deployment of public and private charging infrastructure to support all kinds of EV operators—from private vehicles to fleets of all types of vehicles, including public sector purchases at all levels of government

The production of automotive components is one of the fastest growing sectors of the Bulgarian economy in recent years. According to the Bulgarian Investment Agency, 80% of all sensors and over 90% of airbag sensors in European cars are produced in Bulgaria

Representatives of OEMs, Tier 1, and electronic component manufacturers will highlight trends relating to digitalization and electrification in the automotive market

In the recent years there have been a number of successful smaller local and foreign ventures in the automotive components industry. The country provides a cost-competitive environment, free trade access to Europe, and strong local supplier base, which altogether create a welcoming business environment to foreign investors

In Smederevska Palanka, the Kyungshin Cable plant will produce components for high-tech electric car batteries, as well as parts for traditional cars

"So far, we have invested 20 million euro in our newly opened plant in Trakia Economic Zone (TEZ) near Plovdiv. The facility is located on 23 000 sq. m. By 2023, we aim to double our investment, to increase our sales to 60 million euro and to triple our staff", said

The Bulgarian electronic industry has longstanding traditions and is supported by experienced and highly qualified workforce. The Electronic Manufacturing Services (EMS) is a dynamically developing pillar of the Bulgarian electronic production industry. Components and equipment for the electronics manufacturing industry are also broadly produced in Bulgaria