# Kion forklift truck factory phase 1 opens in Jinan, China

The first phase of the Kion forklift truck manufacturing plant, a joint venture between Kion Group and Weichai Power, was put into operation on December 16, 2021 in Jinan, Shandong. The plant represents an investment of 5 billion yuan ($721.3 million) and has an annual capacity of 40,000 units.

- Type: New facility
- Announced: 2021-12-16
- Where: Jinan, Shandong province, China
- Value: $721.3M (5.00B CNY)
- Starts operating: 16 Dec 2021
- Status: completed
- Capacity: 40,000 units per year
- Products: forklift trucks
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [KION Group](https://endata.com/companies/16287.md)
- [Weichai Power](https://endata.com/companies/4175.md) (partner)
- [Shandong Heavy Industry Group](https://endata.com/companies/37551.md) (partner)

## Sources

- [en.commerce.shandong.gov.cn](http://en.commerce.shandong.gov.cn/art/2021/12/20/art_25372_10287923.html), 2021-12-20: "The first phase of the Kion forklift truck manufacturing plant was put into operation on Dec 16 in Jinan, Shandong province."
- [m.chinaforklift.com](https://m.chinaforklift.com/news/detail/202201/77704.html), 2022-01-07: "凯傲济南新工厂的正式投产，不仅加速了山东省新旧动能转换，助力济南市装备制造产业升级。"

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