# KION Group and Weichai Power to build €100M forklift plant in Jinan

KION Group announced a joint venture with Weichai Power to build a new plant in Jinan, China, producing counterbalanced forklifts. KION holds 95% and Weichai 5%. The €100 million plant is expected to start production in 2022 and create over 800 jobs.

- Type: New facility
- Announced: 2024-01-15
- Where: Jinan, China, China
- Value: $110.0M (100.0M EUR)
- Jobs: 800
- Starts operating: 2022
- Status: announced
- Products: counterbalanced forklifts
- 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)

## Sources

- [haythink.com](https://www.haythink.com/linde-forklift-parent-company-kion-group-announces-joint-venture-with-chinese-auto-parts-giant-weichai-power-to-build-new-plant/), 2024-01-15: "KION Group, a well-known German forklift manufacturing and supply chain solution provider, announced on the 3rd that it will establish a new company with Weichai Power in China and build a new plant in Jinan."

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