Welcome to our dedicated page for Greenland Technologies Hldg news (Ticker: GTEC), a resource for investors and traders seeking the latest updates and insights on Greenland Technologies Hldg stock.
Greenland Technologies Holding Corporation (Nasdaq: GTEC) is a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and electric vehicles. Its news flow reflects both its manufacturing operations and the expansion of its clean industrial heavy equipment division under the HEVI brand.
On this page, readers can follow company announcements about audited and unaudited financial results, including quarterly and full‑year updates where Greenland reports revenue, cost of goods sold, gross profit, operating expenses, income from operations and net income. Management commentary in these releases often discusses product mix shifts toward higher‑value offerings, changes in sales volume of transmission products, and efforts to reduce operating expenses.
Greenland’s news also highlights developments in its electric industrial vehicle business. The company and its HEVI division have announced the launch of multiple all‑electric industrial heavy equipment models and DC mobile charging solutions designed for DC‑powered electric vehicle fleets at powered work sites. Press releases describe strategic initiatives such as incentives to encourage purchases of electric industrial vehicles and expansion of the product roadmap.
Another key theme in Greenland’s news is partnerships and ecosystem building. Recent items include a strategic partnership with Lonking Holdings Limited to develop electric‑powered heavy machinery for the U.S. market under the HEVI brand, a financing partnership with the National Energy Improvement Fund for HEVI equipment, and an agreement with Assurant to offer extended service contracts. Updates from HEVI also cover changes in its dealer model and service network. Investors and observers can use this news feed to monitor Greenland’s financial performance, product developments and strategic collaborations over time.
Cyngn (CYN) and Greenland Technologies (GTEC) have partnered to integrate Cyngn's autonomous vehicle technology with Greenland's electric forklifts using the Enterprise Autonomy Suite (EAS). This integration allows forklifts to operate in autonomous, manual, and remote-controlled modes, enhancing operational efficiency. With 850,000 forklifts in the U.S., this partnership aims to meet growing market demands while supporting environmental sustainability goals. Future plans include extending autonomous capabilities to additional vehicles within Greenland's fleet.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) has selected Maryland for its major U.S. manufacturing expansion. The new facility, expected to be operational in 4Q 2022, will focus on assembling electric industrial vehicles and serve as a product showcase. Maryland's logistics infrastructure, centralized location, and commitment to sustainability were key factors in this decision. The expansion aims to boost local employment and enhance the Company's market presence in the relatively untapped electric industrial vehicle sector.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced a new distribution agreement with a potential market value between $5 million and $8.4 million. This multi-year agreement allows Elive Maroc S.A.R.L. A.U. to exclusively sell Greenland's electric industrial vehicles in Morocco, which includes forklifts, front loaders, and excavators. Morocco's favorable electricity prices and commitment to renewable energy position it as a promising market. CEO Raymond Wang highlighted the growth potential stemming from this partnership, marking a strategic entry into the African market.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) will present at Baird's 2022 Vehicle Technology & Mobility Conference on January 25, 2022. CEO Raymond Wang will lead a group presentation for institutional investors from 8:30 to 9:00 AM ET, followed by one-on-one meetings. Interested investors can register by contacting Baird. Greenland Technologies specializes in developing electric industrial vehicles and drivetrain systems, aiming to enhance material handling operations. For more information, visit www.gtec-tech.com.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) will present at the Sequire Cleantech & Electric Vehicle Investor Conference on December 6, 2021. CEO Raymond Wang will discuss the company's strong Q3 2021 results, reporting nearly a 40% revenue increase and 173% net income growth year-over-year. Greenland aims to emphasize its electric industrial vehicles, including the new GEL-1800 Electric Loader and GEF-series Electric Forklift.
Investors can register for the event at sequire.com.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced the launch of its GEL-1800 Electric Loader, its second electric industrial vehicle line. This zero-emission loader features a 141 KWh lithium battery, allowing for a quick 2-hour charge and up to 9 hours of operation. The GEL-1800 aims to address challenges in facility management by offering sustainable power, reduced noise levels, and lower maintenance costs compared to diesel vehicles. It is now available for sale in the U.S., signaling Greenland's ongoing expansion in the electric vehicle market.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) reported third-quarter 2021 revenue of $23.1 million, a 39.7% increase year-over-year, and net income of $1.3 million, up 172.5%. The company sold 33,478 transmission products, marking an 11.6% increase from the previous year. Despite rising material costs, gross margin improved to 22.1%. Operating expenses rose significantly to $3.0 million due to increased sales and R&D investments. The company maintains its full-year revenue guidance of $90 million to $100 million, projecting a 35% to 49% increase compared to 2020.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) will report its unaudited financial results for Q3 2021 on November 11, 2021, before the U.S. market opens. The management team will host an earnings conference call at 8:00 AM ET on the same day. Investors can register for the call online and access the replay until November 19, 2021. Greenland specializes in developing electric industrial vehicles and drivetrain systems for material handling, positioning itself in the growing electric vehicle market.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) has announced the launch of its new zero-emissions GEF-series electric forklifts, featuring lithium battery technology. Deliveries will prioritize pre-orders in North America, with promotional prices ranging from $23,999 to $34,999. The forklifts promise enhanced operating advantages, including lower maintenance costs, greater power, and a service life exceeding traditional lead-acid battery vehicles. The launch of these innovative forklifts aims to meet sustainability goals while fulfilling existing customer demand.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) will present virtually at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. CEO Raymond Wang will highlight the company’s record-breaking 2Q 2021 results, discuss recent developments in industrial electric vehicles, and outline growth plans. An on-demand presentation is scheduled for September 13, 2021, at 7:00 AM ET. Investors can register for one-on-one meetings via the conference website.
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