BALTIMORE, May 16, 2022 — HEVI Equipment, manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, announced it has officially selected Baltimore County, Maryland for the next phase of the Company’s major U.S. expansion. The company conducted a comprehensive national selection process before selecting Maryland earlier this year. Baltimore County was then selected after a review of multiple criteria including location, workforce, incentives, logistics, and more.

With the formal selection of Baltimore County, HEVI plans to now move forward with an approximately 54,000 square-foot manufacturing facility located at 5301 Nottingham Drive, White Marsh, MD, where it plans to steadily create new full-time jobs. The facility which is expected to formally open in July 2022, is central to the Company’s strategy of supporting the increased customer demand for its expanding line of electrical industrial vehicles.

Raymond Wang, CEO of HEVI, commented, “We are excited and confident in our decision to build out in Maryland given our extensive selection process. As we have moved forward, our selection has been validated each step of the way. The Governor’s team and local officials clearly share in our vision and enthusiasm for electrification and understand the positive implications on job creation, economic benefit and to HEVI specifically. Having such committed and supportive partners is essential to our long-term success and ability to quickly ramp our new manufacturing facility in support of the strong customer demand for our industrial electric vehicles.”

To support its expansion, the Company has submitted a notice of intent to utilize the state’s More Jobs for Marylanders program, administered by the Maryland Department of Commerce. The More Jobs for Marylanders program incentivizes new and existing manufacturers to create new jobs in the state, and to non-manufacturers that locate or expand in Maryland Opportunity Zones. The More Jobs for Marylanders Act 3.0 (Senate Bill 391/House Bill 418) was introduced this year by Governor Larry Hogan to extend the successful program for an additional five years through 2027.

About Maryland Commerce

The Maryland Department of Commerce stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing financial assistance to Maryland companies. The Department promotes the State’s many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. Because they are major economic generators, the Department also supports the arts, film production, sports and other special events. For more information, visit commerce.maryland.gov.