# Hengyang Heli breaks ground on $92M expansion and smart manufacturing base

Hengyang Heli, a subsidiary of Anhui Forklift Group, held a groundbreaking ceremony for a 369-mu expansion and smart manufacturing base in Hengyang, China. The project involves a total investment of 6.6 billion yuan (approx. $92 million) and is expected to begin production in early 2025, adding annual capacity of 46,500 forklifts.

- Type: Expansion
- Announced: 2023-08-16
- Where: Hengyang, Hunan, China
- Value: $92.0M (660.0M CNY)
- Starts operating: 2025
- Status: under construction
- Capacity: 46,500 units per year
- Products: electric forklifts, internal combustion forklifts, explosion-proof forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Hengyang Heli](https://endata.com/companies/72079.md)
- [Anhui Forklift Group Corporation](https://endata.com/companies/36405.md) (partner)

## Sources

- [ccmalh.com](http://www.ccmalh.com/article/content/2023/08/20230812626.shtml), 2023-08-16: "项目总占地369亩，总投资6.6亿元，总建筑面积约15万㎡，将倾力打造以智能产品研发、智能制造为抓手的智能化工厂。"

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