# KION to build smart forklift plant in Jinan, China

KION Group is building a smart forklift plant in Jinan, Shandong, China, with a total investment of CNY 5 billion. The first phase, investing EUR 200 million, will produce 40,000 high-end new energy forklifts annually, with completion expected in 2021 and 800 jobs by 2025.

- Type: New facility
- Announced: 2020-10-13
- Where: Jinan, Shandong, China
- Value: $740.0M (5.00B CNY)
- Jobs: 800
- Starts operating: 2021
- Status: under construction
- Capacity: 100,000 forklifts per year (total); 40,000 per year (phase 1)
- Products: smart forklifts, high-end new energy forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [KION Group](https://endata.com/companies/16287.md)

## Sources

- [jidong.sdnews.com.cn](http://jidong.sdnews.com.cn/lwxw/202010/t20201013_2806531.htm), 2020-10-13: "凯傲（济南）智能叉车项目总投资50亿元，总占地面积849亩，年产叉车10万台。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.