HD Hyundai XiteSolution lands Venezuela EV forklift deal

HD Hyundai XiteSolution has secured a large-volume order for electric forklifts in an emerging Latin American market. The company announced Monday that it received an order for 230 electric forklifts from Empresas Polar, the largest food company in Venezuela. Under the deal, the Korean company will supply 178 2-ton electric forklifts and 52 3-ton and 4.5-ton models to the local market by January 2026. The company also plans to participate in follow-up bids from Empresas Polar. Valued at more than 10 billion won ($6.9 million), the project marks the largest electric forklift supply contract the company has ever signed in Latin America. The order comes as a result of an early response to the region’s growing demand for electrification. HD Hyundai XiteSolution identified the optimal timing to replace the client’s aging diesel forklifts, previously produced by Toyota, and proposed products tailored to local working environments, while leveraging its on-site service capabilities to secure the deal. All forklifts are equipped with high-performance lithium-ion batteries that offer about 2.5Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times