# Boreston breaks ground on $700M electric loader plant in Wuhan

Boreston (Wuhan) New Energy Equipment Co., Ltd. broke ground on a new production base in Wuhan Economic and Technological Development Zone, with a total investment of over 5 billion yuan ($700 million). The facility will produce 5,000 to 10,000 electric loaders annually, with first-phase completion expected by end of 2023.

- Type: New facility
- Announced: 2023-05-18
- Where: Wuhan, Hubei, China
- Value: $700.0M (5.00B CNY)
- Starts operating: Dec 2023
- Status: under construction
- Capacity: 5,000 to 10,000 electric loaders per year
- Products: electric loaders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Boreston Technology](https://endata.com/companies/70360.md)

## Sources

- [news.cjn.cn](http://news.cjn.cn/hbpd_19912/wh_19927/202305/t4561348.htm), 2023-05-18: "我们是被车谷的快节奏吸引来的。"

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