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HD Hyundai XiteSolution Wins Record Latin America Order for 230 Electric Forklifts in Venezuela

The purchase signals a shift toward electrified material handling in emerging markets.

Overview

  • The contract with Empresas Polar is worth more than 10 billion won, or roughly $6.8–6.9 million, according to the company.
  • All units are slated for delivery by January 2026 to the Venezuelan food producer’s facilities.
  • The order comprises 178 forklifts in the 2-ton class and 52 units in the 3-ton and 4.5-ton classes.
  • The forklifts feature lithium-ion batteries rated for about 2.5 times the lifespan and three times faster charging than lead-acid models, plus the Hi-Mate telematics system for real-time monitoring.
  • HD Hyundai XiteSolution plans to pursue additional Empresas Polar bids while expanding local sales, service and training as its Latin America sales rise to about 1,200 units this year from 570 in 2020.