tech
February 23, 2026
From Subotica to New Delhi
Serbia from Subotica to New Delhi. This slogan has nothing to do with the primitive cry from the 90s when nationalist madness was drawing the borders of an imaginary Serbian empire all the way to Tokyo.
TL;DR
- Serbia's President engaged in AI discussions in New Delhi, focusing on partnerships with developing nations.
- Serbian company ElevenEs is building Europe's first LFP battery gigafactory in Subotica with an investment of 700 million euros.
- The project is positioned to make Serbia a leader in the global technological-energy green transition.
- The article argues that private companies, not governments, are key to achieving leadership in global energy transitions.
- ElevenEs' success is attributed to its innovation in LFP battery technology and strategic partnerships, rather than political backing.
- The gigafactory is expected to create approximately 1,000 new jobs.
- The partnership between ElevenEs and Caterpillar is seen as a market-driven collaboration benefiting both companies.
- The article criticizes politically motivated investments and promotes market-driven ones focused on long-term mutual benefit.
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