INNEOVA’s FY2025 results announcement records a partnership granted on 21 January 2026 to distribute XCMG electric material handling equipment in Singapore.
The partnership extends the business from parts and services into full equipment sales. The company reported a near-term target of 30 electric forklift units; this was a target rather than a reported sales result.
The development was described as aligned with demand for electrified material handling and Singapore’s Green Plan 2030.
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