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The first phase of Kaiao Group's forklift factory in Laiwu, Jinan, was officially put into operation on December 16, 2021. The factory produces new energy forklifts with an estimated annual capacity of 40,000 units, with a total investment of 5 billion yuan.
“the first phase of the forklift factory of Kaiao group, a subsidiary of Weichai Power, was officially put into operation today.”equalocean.com
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