# Weichai Power's Kaiao China opens forklift factory phase I in Jinan

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.

- Type: New facility
- Announced: 2021-12-16
- Where: Laiwu, Jinan, China
- Value: $785.0M (5.00B CNY)
- Starts operating: 16 Dec 2021
- Status: completed
- Capacity: 40,000 units per year
- Products: new energy forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Kaiao Group](https://endata.com/companies/59754.md)
- [Weichai Power](https://endata.com/companies/4175.md) (partner)

## Sources

- [equalocean.com](https://www.equalocean.com/briefing/20211216230103833), 2021-12-16: "the first phase of the forklift factory of Kaiao group, a subsidiary of Weichai Power, was officially put into operation today."

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