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.
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Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced that CEO Raymond Wang will present at the Aegis Virtual Conference on May 2, 2023, at 10:00 am ET. The presentation will cover the Company's recent financial results, operational developments, and growth strategy. Investors can access the virtual conference using this link. Greenland focuses on developing and manufacturing electric industrial vehicles and drivetrain systems for material handling. For more information, visit the Company's website and check out their clean industrial heavy equipment division at HEVI Corp.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced that Raymond Wang, President and CEO, will participate in the Water Tower Research Fireside Chat Series on April 20, 2023, at 1:00 pm ET. This event is open to the public, and interested parties can view the webcast live on the Water Tower Research website or through a provided Zoom link. Greenland specializes in developing and manufacturing electric industrial vehicles and drivetrain systems for material handling. For more details on their clean industrial heavy equipment division, visit HEVI Corp.
Greenland Technologies Holding Corporation (NASDAQ: GTEC), a developer of electric industrial vehicles and drivetrain systems, announced on April 12, 2023, that Water Tower Research LLC has initiated coverage on the company. The report highlights Greenland as a Tier 1 supplier of transmissions and all-electric construction equipment. Water Tower anticipates a rebound in revenue and profitability for Greenland in 2023, driven by significant opportunities in the electric vehicle (EV) market and the company's expanding operations. CEO Raymond Wang expressed enthusiasm for the coverage, stating it would enhance investor understanding of Greenland's business model and strategic vision.
Greenland Technologies Holding Corporation (GTEC) reported its unaudited financial results for Q4 and FY 2022, revealing a revenue of $90.8 million, an 8% decrease from $98.8 million in 2021, largely due to pandemic impacts in China. Gross margins improved, reaching 21.8% for the year, up 200 basis points year-over-year. The cash balance rose 47% to $16.3 million as of December 31, 2022. Despite challenges, CEO Raymond Wang anticipates revenue growth in 2023, driven by demand recovery and advancements in their HEVI division for electric vehicles. The company plans to ramp up production at its new assembly site in Baltimore by Q2 2023.
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