Who is Minth: the company behind Serbia's robot line, in one profile
On 8 September, at Serbia's investment conference held alongside the CIFIT fair in Xiamen, Ju Bo, who leads development of the Minth Holdings industrial park in Serbia, presented three platforms the company is developing and said Minth had reached €471 million in revenue in Serbia. Rojium has so far covered Minth from the side — as AGIBOT's regional partner and as the host of the Šabac robot line. This is the profile of the company itself: who it is, how long it has been in Serbia, what it has already built, and which parts of the announced plans are, for now, plans.
Who Minth is
Minth is a Chinese manufacturer of car components, founded by Qin Ronghua, who opened the Šabac robot line together with President Aleksandar Vučić on 29 August. According to the Development Agency of Serbia, the group operated at more than 30 locations worldwide, including China, Mexico and Thailand, when it opened its plant in Loznica in 2022.
According to bne IntelliNews, the group has worked in Serbia since 2018, in two towns. The Loznica plant, which started production in March 2022 as a two-phase project of about €100 million, made components for electric-vehicle battery housings and decorative aluminium body parts and employed 516 people at the time. bne IntelliNews later put the group's headcount across Loznica and Šabac at more than 3,500.
The robot story sits on top of this industrial base. In February 2026 AGIBOT presented its portfolio in Munich with Minth as its regional sales partner, and on 29 August the first-phase humanoid line opened in Šabac with a first-phase investment of about €20 million. Minth is therefore the party that owns the site and employs the workers; AGIBOT supplies the product families.
Three platforms announced on 8 September
Tanjug and Danas reported the same three platforms, each combining residential, commercial and industrial projects:
| Platform | Where | What was announced | Stage in the sources |
|---|---|---|---|
| Sky City | Surčin, near the Expo 2027 site | 170 hectares, more than 2 million m² of construction, “a comprehensive development of a new urban settlement” | Plan; no start of works reported |
| Automotive City | Inđija | Mainly industrial facilities, “an industrial cluster of world-class standards” | Plan; no start of works reported |
| Industrial park | Ćuprija | Car-component factories next to the motorway, a focus on new industries and smart manufacturing, parts mainly for European markets | Plan; no start of works reported |
The €471 million figure was given as Minth's revenue in Serbia. The reports do not say for which period it is, or how it divides between the plants, so it is best read as the company's own headline number rather than a yearly series.
Inđija: two descriptions of one town
At the Šabac opening on 29 August, Minth said it intended to build a Robotics Industrial Park in Inđija with a total planned investment of €200 million: at completion, up to 20,000 humanoid robots and robot dogs a year, with drones and batteries to follow. On 8 September Tanjug and Danas described the Inđija platform as an “Automotive City” and did not mention robots. None of the sources we read explains how the two descriptions relate.
The start of works is the other open point. Late-August reporting expected the Inđija project to begin in mid-September; as of 4 October we found no source confirming that works have started. Until one appears, the €200 million and the 20,000-unit capacity remain announced figures.
What exists and what is announced
The Loznica plant (in production since March 2022), two plants in Šabac, and the first-phase humanoid line in Šabac, opened on 29 August.
Sky City in Surčin, the Inđija platform and robotics park, and the Ćuprija industrial park — presented at a conference, with no reported start of works.
The state money, in context
Nova Ekonomija reported on 2 September that two Minth companies were awarded about €28.9 million in new subsidies — the figure we covered on 6 September. Set against earlier awards, the report puts the state's support to Minth-linked companies at €66.7 million since 2020:
| Year | Company | Amount |
|---|---|---|
| 2020 | Minth Automotive | €7.84 million |
| 2021 | United Alloy-Tech Europe (affiliated) | €6.4 million |
| 2024 | Minth Automotive | €23.5 million |
| 2026 | Minth Automotive Europe (Loznica) and Minth Metal Parts Balkan (Šabac) | €17.29 million and €11.6 million |
These numbers measure different things. The subsidies went to car-parts companies (the two 2026 recipients are owned through Cheerplan Limited of Hong Kong); the robot line's first phase is a separate investment of about €20 million with around 200 jobs; and the €471 million is the company's revenue. Adding them up gives a total that no source states.
What a partner or buyer can check
The sources describe the group by its brand, but contracts are signed by specific legal entities: Minth Automotive Europe and Minth Metal Parts Balkan appear in the subsidy report, and bne IntelliNews also names Minth Automobile Parts Balkan. None of the reports we read says which entity runs the robot line or sells its output. A buyer or integrator can ask the counterparty to name the contracting entity and check it in the official company register, instead of relying on the group name alone.
What we'll watch
Whether works start in Inđija and under which name the project goes forward; whether any permits or a start date appear for Sky City in Surčin; and whether Minth states the period behind its €471 million. Each of these would move an item from the “announced” card to the “operating” one.
Sources
- Tanjug, 8 September 2026 — Ju Bo: Minth razvija tri platforme u Srbiji
- Danas, 8 September 2026 — Kineska kompanija Mint planira gradnju dva miliona kvadrata na 170 hektara u Surčinu
- Nova Ekonomija, 2 September 2026 — Minth-u opet pare iz državne kase
- Government of Serbia, 29 August 2026 — Opening of humanoid robot factory in Šabac marks Serbia's leap into future
- Development Agency of Serbia, 10 March 2022 — Minth Automotive celebrates the start of the production in Loznica
- bne IntelliNews — Minth to invest nearly €2bn in new automotive plants across Serbia
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