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.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced a conference call scheduled for March 30, 2023, at 8:00 a.m. ET to discuss the fourth quarter and full year 2022 results. Investors and analysts must register in advance to participate. A live and archived webcast will be available on the company's investor relations website. Greenland focuses on developing and manufacturing drivetrain systems for various machinery, including electric vehicles. The press release includes a safe harbor statement emphasizing the potential risks and uncertainties surrounding future performance.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced that it has regained compliance with Nasdaq Listing Rule 5620(a) following its Annual General Meeting held on January 31, 2023. The company received a letter on January 4, 2023, from Nasdaq indicating non-compliance regarding the annual meeting requirement. As of February 1, 2023, this matter is now resolved. Greenland is known for developing drivetrain systems for material handling and electric vehicles, with additional information available through its clean industrial heavy equipment division, HEVI Corp.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) has announced its 2022 Annual General Meeting scheduled for January 31, 2023, following a notification from Nasdaq regarding non-compliance with listing rules due to a missed shareholders meeting within the required timeframe. The virtual meeting will allow shareholders to vote electronically before the deadline of January 29, 2023. The company has until June 29, 2023 to submit a compliance plan to Nasdaq.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) will present at the Sequire Technology Investor Conference on November 30, 2022, at 6:30 p.m. Eastern. CEO Raymond Wang will discuss the company's advancements in electric industrial vehicles and drivetrain systems. Greenland emphasizes growth through customer engagement and government incentives, aiming for capacity expansion in the U.S. Investors can register for the event at Sequire Technologies. The company continues to focus on innovation and shareholder value.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) reported a 67% increase in net income for Q3 2022, reaching $2.1 million compared to $1.3 million in Q3 2021. Total revenue decreased to $21.8 million from $23.1 million a year earlier, primarily due to unfavorable foreign exchange impacts. Gross margin remained steady at 22.1%. The company opened a new 54,000 sq. ft. assembly facility in Baltimore, enhancing production capabilities. A recent $10 million capital raise strengthens its balance sheet and supports growth initiatives.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced a conference call on November 9, 2022, at 8:00 a.m. ET to discuss its third quarter 2022 results and business outlook. Interested investors and analysts must pre-register to participate. A live and archived webcast will be accessible on the company's investor relations website. Greenland develops and manufactures drivetrain systems for material handling and electric vehicles, indicating its focus on innovative industrial solutions.
Cyngn Inc. (NASDAQ: CYN) has signed an exclusive contract with HEVI, a brand under Greenland Technologies Holding Corporation (NASDAQ: GTEC), to provide vehicle tracking systems for HEVI's electric industrial vehicles. Customers purchasing HEVI's forklifts, excavators, or loaders will receive the Infinitracker device, enabling real-time location and temperature monitoring. Infinitracker’s long battery life and IoT capabilities enhance operational efficiency by collecting data even when vehicles are off. This partnership aligns with Cyngn's strategy to expand its autonomous vehicle technology offerings.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) has chosen Cyngn Inc. as the exclusive provider of Infinitracker asset tracking systems for its HEVI electric industrial vehicles. This partnership enhances HEVI products by integrating tracking capabilities that allow customers to monitor vehicle location and performance, adding value to their purchases. Cyngn's Infinitracker, featuring long battery life and IoT capabilities, will be included with every new HEVI vehicle, aligning with customer demands for increased efficiency in industrial equipment management.
Greenland Technologies reported its 2Q22 financial results, with total revenues at $20.6 million, down 27% year-over-year, while gross margin improved to 23.5%, an increase of 330 basis points. The company's net income for the quarter dropped to $2.4 million, a 25% decrease from 2021. For the first half of 2022, revenue was $49.9 million, down 6%, with a net income of $5.3 million. Despite challenges from COVID-19 and supply chain disruptions, Greenland launched the GEL-5000 electric front loader and secured $10 million through recent offerings.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) will host a conference call on August 12, 2022, at 8:00 a.m. EDT to discuss its second quarter and first half 2022 results and business outlook. Interested investors and analysts must register in advance through the provided link. A live and archived webcast will also be available on the company's investor relations website. The company specializes in drivetrain systems for material handling machinery and electric vehicles.
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