# Hangcha Group breaks ground on $143M intelligent production base in Hangzhou

Hangcha Group held a groundbreaking ceremony for the Phase IV Intelligent Production Base at Hengfan Technology Park. The 133,000 sqm plant, built by Zhejiang Hangcha Intelligent Technology Co., Ltd., involves a 1.02 billion yuan ($143 million) investment and will produce 10,000 AGVs, 1,000 stacker cranes, and 100,000 meters of conveyor lines annually.

- Type: New facility
- Announced: 2024-05-20
- Where: Hengfan Technology Park, Hangzhou, China
- Value: $143.0M
- Starts operating: 2025
- Status: under construction
- Capacity: 10,000 AGVs (AMRs), 1,000 stacker cranes, 100,000 meters of conveyor lines annually
- Products: AGVs (AMRs), stacker cranes, conveyor lines
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Hangcha Group](https://endata.com/companies/18470.md)
- [Zhejiang Hangcha Intelligent Technology Co., Ltd.](https://endata.com/companies/77529.md)

## Sources

- [hcforklift.com](https://www.hcforklift.com/news/news_read/198), 2024-05-21: "We are confident in this project and believe that Hangcha Intelligent will become a globally competitive world-class enterprise."
- [hangchaforklift-id.com](https://www.hangchaforklift-id.com/news/news_read/186), 2024-05-21: "We are confident in this project and believe that Hangcha Intelligent will become a globally competitive world-class enterprise."
- [forkliftaction.com](https://www.forkliftaction.com/news/hangcha-breaks-ground-on-automation-plant.aspx?n=29176), 2024-05-22: "Hangcha held a groundbreaking ceremony at the site on May 20"
- [nn.kfork.ru](https://nn.kfork.ru/blog/hangcha-nachinaet-stroitelstvo-zavoda-po-avtomatizatsii/), 2024-05-27: "20 мая Ханча провел церемонию закладки фундамента на этом объекте"

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