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Greenland Technologies Plans Major U.S. Manufacturing Expansion to Increase Its Total Worldwide Capacity

HOWELL, N.J., March 1, 2021 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ: GTEC) (“Greenland”), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced a planned major U.S. manufacturing expansion that will establish Greenland’s U.S. market manufacturing footprint and increase its total worldwide capacity. Raymond Wang, CEO of Greenland, commented, “Our plan to expand…
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SOCMA and Greenland Technologies Sign Co-Operation Agreement to Support U.S. Production of Electric Industrial Vehicles

HOWELL, N.J., Feb. 18, 2021 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ: GTEC) (“Greenland”), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, and Fujian South China Heavy Machinery Manufacture Co. Ltd. (“SOCMA”, www.socmachinery.com), a leading company specialized in designing, manufacturing and distributing heavy industrial machinery and vehicles, today announced a co-operation agreement to…
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Greenland Technologies Expects Over 25% 4Q20 Revenue Growth YoY

HOWELL, N.J., Jan. 13, 2021 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ: GTEC) (“Greenland”), a technology developer and manufacturer of forklift transmissions and drivetrain systems, announced today select preliminary results, which are subject to final audit, indicate revenue for the fourth quarter of 2020 ended December 31, 2020 increased by approximately 25.5% to approximately $73.2 million when compared to $58.3 million in revenue for the…
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Greenland Technologies Ramps to Over 800 Units in Monthly Sales of New Integrated Drive Train System for Electric Forklift Trucks

HOWELL, N.J., Dec. 21, 2020 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ: GTEC) (“Greenland”), a technology developer and manufacturer of forklift transmission and drivetrain systems, announced today strong initial sales of the Company’s new integrated drive train system for electric forklift trucks. The new EV product, which uses lithium batteries, has already ramped to over 800 units in monthly…
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Greenland Technologies Holding Launches New Division; Company Enters the Electric Industrial Vehicle Market

HOWELL, N.J., Dec. 7, 2020 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ: GTEC) (“Greenland”), a technology developer and manufacturer of forklift transmission and drivetrain systems, announced today the launch of a new division focused on the electric industrial vehicle market, a new market that the Company intends to develop to diversify its product offerings. The…
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Greenland Technologies Holding Corporation Reports Third Quarter 2020 Results

HOWELL, N.J., Nov. 23, 2020 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ: GTEC) (“Greenland”), a technology developer and manufacturer of forklift transmission and drivetrain systems, today announced financial results for the third quarter ended September 30, 2020. Highlights (3Q 2020 compared to 3Q 2019) 38% Increase in Revenue 70% Expansion of Gross Profit 390 Basis Improvement in Gross Margin…
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Greenland Technologies to Offer Integrated Electric Drivetrain for Electric Forklifts

HOWELL, N.J., Nov. 10, 2020 /PRNewswire/ — Greenland Technologies Holding Corp. (NASDAQ: GTEC) (“Greenland”), a technology developer and manufacturer of forklift transmission and drivetrain systems,  announced they will begin offering an integrated electric drivetrain system to its existing forklift OEM clientele to support the manufacture of electric forklifts using lithium batteries.  Developed by Greenland’s research and development team, this new…
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