Automotive Dec 16, 2021 02:29 PM (GMT+8) · EqualOcean
Cailian, Dec. 16 (Xinhua) the first phase of the forklift factory of Kaiao group, a subsidiary of Weichai Power, was officially put into operation today. The factory is located in Laiwu, Jinan, with a total investment of 5 billion yuan. The first phase of the factory mainly produces new energy forklifts, with an estimated annual production capacity of 40000 units. In addition, the new project of dematec, another subsidiary of the company, also started in Jinan today. The project invested 40 million euros in advance to mainly produce automation equipment and solutions such as pallet stacker system and box stacker system. It is expected to be completed and put into trial operation in the first quarter of 2023.

This text is a result of machine translation.

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