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) has launched its new clean industrial heavy equipment brand, HEVI Equipment, which rebrands the previous Greenland Machinery division. The HEVI brand focuses on all-electric industrial equipment like front loaders and excavators, promoting sustainability and performance. CEO Raymond Wang emphasizes the company's commitment to innovation and increasing market presence in the electric vehicle sector. The launch aims to accelerate growth and enhance shareholder value by meeting the growing demand for clean industrial machinery.
Princeton NuEnergy, Inc. has successfully closed a $7M seed funding round led by Wistron Corporation, with additional investments from Shell Ventures and others. This funding will accelerate the development of PNE’s innovative lithium-ion battery recycling technology, which aims to recover up to 95% of materials, thereby reducing operational costs and environmental impact. Founded in 2019, PNE focuses on direct recycling from electric vehicles and electronics, addressing the growing challenge of spent lithium-ion batteries.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced its plans to report unaudited financial results for Q1 2022 on May 16, 2022, before U.S. market opens. The management will host a conference call at 8:00 AM ET to discuss the results. Participants are encouraged to register in advance for the conference call. A replay will be available until May 24, 2022. Greenland focuses on developing and manufacturing electric industrial vehicles and drivetrain systems, which are critical for material handling.
Greenland Technologies (NASDAQ: GTEC) reported a 48% increase in FY21 revenue, reaching $98.8 million, compared to FY20. Net income rose 14% to $7.3 million. The company's cash balance nearly doubled to $17.8 million. Notably, they sold 141,431 transmission products, marking a 30% increase year-over-year. Despite facing supply chain issues, Greenland is optimistic about continued growth in 2022 with expectations to deliver between 100 to 150 vehicles. Recent partnerships for battery recycling and autonomous vehicles underscore their strategic vision.
Cyngn (NASDAQ: CYN) announced its financial results for the fourth quarter and full year ending December 31, 2021, noting a net loss of $2.1 million for Q4 compared to $2.3 million in Q4 2020. Total operating expenses increased to $3.6 million in Q4 from $2.3 million year-over-year. The company secured exclusive partnerships for autonomous vehicle solutions, including engagements with Global Logistics and Fulfillment LLC and Greenland Technologies (NASDAQ: GTEC). Cyngn reported a cash position of $21.9 million as of year-end 2021, up from $6.1 million in 2020.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) will release its unaudited financial results for the fourth quarter and full year ended December 31, 2021, on March 28, 2022, before the U.S. market opens. The management team will host an earnings conference call at 8:00 AM ET on the same day. Interested participants are encouraged to register in advance. This report will provide insights into the company's performance and future outlook within the electric vehicle sector.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) has formed a strategic partnership with Princeton NuEnergy Inc. to develop sustainable lithium-ion battery recycling solutions for their electric industrial vehicles. The collaboration aims to create a closed-loop recycling process, minimizing the environmental impact of battery disposal. This partnership will enhance brand awareness and potentially reduce battery procurement costs for Greenland while providing a revenue stream for Princeton NuEnergy. Both companies emphasize the importance of a sustainable supply chain amid growing demand for electric vehicles.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) will present at Aegis Capital Corp.'s Virtual Conference on February 25, 2022. The presentation, hosted by CEO Raymond Wang, is scheduled for 3:00 PM Eastern Time and will be accessible via webcast. Greenland Technologies specializes in electric industrial vehicles and drivetrain systems for material handling. For details on the webcast, visit the Investor Relations section of their website.
Greenland Technologies Holding Corporation (NASDAQ: GTEC) has launched the GEX-8000 Industrial Electric Excavator, expanding its product line of sustainable industrial vehicles. This excavator features a 141 kWh lithium battery, offering a rapid 2-hour charge and 9 hours of operating time, making it suitable for various applications including agriculture and urban construction. CEO Raymond Wang highlighted the vehicle’s performance and return on investment compared to traditional equipment, emphasizing the company's growth phase and commitment to innovation in the industrial electric vehicle sector.
Cyngn (NASDAQ: CYN) and Greenland Technologies (NASDAQ: GTEC) have announced a strategic partnership to integrate Cyngn's self-driving technology into Greenland's electric forklifts. This collaboration aims to enhance operational efficiency by enabling versatile modes of operation: fully autonomous, manual, and remote control. With over 850,000 forklifts in the U.S., this partnership positions both companies to address industry challenges related to labor shortages and technological advancements. Future plans include expanding self-driving capabilities to additional vehicles.
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