Greenland Technologies Holding Corporation (GTEC) Company Bio
Greenland Technologies Holding Corporation, through its subsidiaries, develops and manufactures transmission and drivetrain systems for material handling machineries and electric vehicles, and electric forklift trucks in the People's Republic of China. The company offers transmission products, such as mechanical and hydraulic gearboxes, and transaxles to small and medium-sized forklift trucks for use in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports. It also develops robotic cargo carriers. The company was founded in 2006 and is based in Hangzhou, the People's Republic of China.
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 same period one year ago.
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 sales both manufactured and delivered since last month's launch.
The Price And Volume Action In Greenland Technologies's Stock Today Greenland Technologies's (NASDAQ: GTEC) stock is trading up 47.74% to a price of $8.74. The stock's volume is currently 9.65 million, which is roughly 126.75% of its recent 30-day volume average of 7.61 million.Why It's Moving Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Greenland Technologies shares are trading higher after the company announced it launched an electric vehicle division.Perspective On Recent Price Action The 50-day moving average price of Greenland Technologies's stock was $3.56 when this article was published. The stock reached a high of $10.0 and a low of $1.12 in the past 52 weeks.If you're looking for timely and concise explanations of why a stock ...
Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland"), a technology developer and manufacturer of forklift transmission and drivetrain systems, announced today the launch of a new division focused on the electric industrial vehicle market, a new market that the Company intends to develop to diversify its product offerings. The new division will leverage the Company's R&D track record, extensive intellectual property, state-of-the-art manufacturing facilities and global customer relationships to develop and deploy the next generation of electrical industrial vehicles. The new division also plans to commercialize applications utilizing the Company's new lithium-based integrated drivetrain system.
Greenland Technologies Holding Corp. (NASDAQ: GTEC) ("Greenland"), a technology developer and manufacturer of forklift transmission and drivetrain systems, announced they will begin offering an integrated electric drivetrain system to its existing forklift OEM clientele to support the manufacture of electric forklifts using lithium batteries. Developed by Greenland's research and development team, this new system integrates the transmission, driving axle, electric motor and lithium battery power source into a single efficient drivetrain for OEM forklift manufacturers to develop the next generation of electric forklifts.