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Category: News Releases

Greenland Technologies Holding Corporation Reports First Quarter 2021 Unaudited Financial Results

Greenland Technologies Holding Corporation Reports First Quarter 2021 Unaudited Financial Results First Quarter Revenue of $24.6 million, up 149.3% year over year First Quarter Net Income of $2.4 million, up 644.7% year over year EAST WINDSOR, N.J., May 12, 2021 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ: GTEC) (“Greenland” or the “Company”), a technology developer…
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Greenland to Showcase New GEL 1800 Electric Loader at Hannover Messe 2021 Digital Expo

EAST WINDSOR, N.J., April 13, 2021 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ: GTEC) (“Greenland” or the “Company”), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced it will be showcasing its new GEL-1800 1.8 ton electric loader at the Hannover Messe 2021 Digital Expo from April…
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Doubling of 1Q21 Revenue YoY Expected for Greenland Technologies

EAST WINDSOR, N.J., April 12, 2021 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ: GTEC) (“Greenland” or the “Company”), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced that based on select preliminary results, which are subject to finalization, revenue for the first quarter of 2021 ended March…
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Greenland Technologies Reports Full Year 2020 Results

Highlights (Full Year 2020 compared to Full Year 2019) 27.6% Increase in Revenue 3.5% Expansion of Gross Profit 34% Increase in Selling Expenses to Drive Growth 19.6% Increase in Net Income Per Basic and Diluted Share on Nearly 2.1 Million Higher Year-Over-Year Share Count EAST WINDSOR, N.J., March 30, 2021 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ:…
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Greenland Technologies Completes Full Beta Versions of its New GEL 1800 Electric Loader; Company to Transition to the Construction of Production Representative Versions in 2H 2021

HOWELL, N.J., March 25, 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 it has completed full beta versions of its new GEL 1800 Electric Loader. The Company plans to transition to the construction of pilot production representative versions…
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Greenland Technologies to Release 4Q/FY 2020 Results on March 30, 2021

HOWELL, N.J., March 22, 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, announced today it plans to release audited results for the fourth quarter and full year 2020 ended December 31, 2020 on March 30, 2021. The Company released select preliminary results…
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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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