# Zhongli Power opens electric forklift plant in Laohekou, Hubei

Zhongli Power (Zhejiang Zhongli Machinery Co., Ltd.) held a ceremony for the completion of Phase I and start of Phase II of its Hubei production base in Laohekou, Xiangyang, Hubei. The first electric forklift rolled off the line. Total investment is 600 million yuan, with Phase I including an annual production line for 40,000 electric forklifts.

- Type: New facility
- Announced: 2023-02-20
- Where: Laohekou, Xiangyang, Hubei, China
- Value: $87.0M (600.0M CNY)
- Starts operating: 20 Feb 2023
- Status: completed
- Capacity: 40,000 electric forklifts per year (Phase I)
- Products: electric forklifts, electric balance forklift ICE302B2
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Zhejiang Zhongli Machinery Co., Ltd.](https://endata.com/companies/50736.md)

## Sources

- [m.cnhubei.com](http://m.cnhubei.com/content/2023-02/22/content_15516674.html), 2023-02-22: "历经下料、机加工、焊接、涂装、总装等多道工序后，一块钢板进来，一辆整车出去，实现整条生产线智能、环保、节能。"
- [tech.chinadaily.com.cn](https://tech.chinadaily.com.cn/a/202302/22/WS63f5ce30a3102ada8b2302b9.html), 2023-02-22: "2月20日,浙江中力机械股份有限公司湖北生产基地一期项目竣工、二期项目开工仪式暨湖北中力首台电动叉车下线仪式正式举行。"

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