Greenland Technologies Holding Corporation

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Greenland Technologies Holding Corp. engages in the manufacture of drivetrain systems for material handling machineries and electric vehicles, as well as electric industrial vehicles. Its products include the GEF-series electric forklifts, a series of lithium-powered forklifts with three models ranging in size from 1.8 tons to 3.5 tons, and GEL-1800, a 1.8 ton rated load lithium-powered electric wheeled front loader and GEX-8000, an all-electric 8.0 ton rated load lithium-powered wheeled excavator. The company was founded in 2006 and is headquartered in East Windsor, NJ.

Greenland Technologies Holding Corporation (GTEC) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.07 per share a year ago.

Greenland Technologies Holding Corporation (GTEC) Q3 Earnings Beat Estimates

Revenue for the First Nine Months of 2024 of $64.57 Million, Decreases Slightly from $67.56 Million in First Nine Months of 2023 Operating Expenses Decrease 15.6% for the First Nine Months of 2024 Compared to the First Nine Months of 2023 Strong Balance Sheet with Cash and Restricted Cash Balance of $20.72 Million After Repaying $9.25 Million in Loans Continues to Execute on Growth Strategy with Significant Expansion of Product Roadmap and Strategic Partner Distribution, Sales and Support Ecosystem EAST WINDSOR, N.J. , Nov. 14, 2024  /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland," "we," "our," "us," or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced its unaudited financial results for the nine months and third quarter ended September 30, 2024, with net income for the first nine months of 2024 increasing 75.3% compared to the first nine months of 2023.

Greenland Reports 75.3% Increase in Net Income for First Nine Months of 2024

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EAST WINDSOR, N.J., Oct. 1, 2024 /PRNewswire/ -- HEVI Corp. ("HEVI" or the "Company"), a manufacturer of all-electric heavy equipment, today announced its transition to a more aggressive dealer model to meet strong customer demand for its expanded line of electric industrial equipment.

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If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Greenland Technologies (GTEC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Greenland Technologies (GTEC) Is Attractively Priced Despite Fast-paced Momentum

EAST WINDSOR, N.J., Aug. 28, 2024 /PRNewswire/ -- HEVI Corp. ("HEVI" or the "Company"), a manufacturer of all-electric heavy equipment, today unveiled its game changing all electric vehicle, model H65L.

HEVI Unveils North America's Largest All-Electric Wheel Loader: Game-Changing H65L Delivers Zero Emissions, Lower Costs, and Uncompromised Performance

EAST WINDSOR, N.J. , Aug. 27, 2024 /PRNewswire/ -- HEVI Corp. ("HEVI" or the "Company"), a manufacturer of all-electric heavy equipment, today announced the further expansion of its growing industrial electric vehicle portfolio with the launch of its newest model, the H55L front wheel loader.

HEVI Launches H55L Electric Front Wheel Loader; Newest Model Expected to Save Customers by Materially Reducing Diesel and Planned Maintenance Expenses

Drives Gross Margin Stability and Expense Reductions Introduces Incentives to Accelerate Electric Industrial Vehicle Purchases Terminates Planned Spin off its Drivetrain Systems Segment EAST WINDSOR, N.J. , Aug. 15, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced its unaudited financial results for the second quarter and six months ended June 30, 2024.

Greenland Reports 99.7% YoY Increase in 2Q 2024 Net Income

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EAST WINDSOR, N.J. , July 23, 2024 /PRNewswire/ -- HEVI Corp. ("HEVI" or the "Company"), a manufacturer of all-electric heavy equipment, today announced it is partnering with Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects, and connects major consumer purchases like automobiles, as well as commercial equipment including heavy construction, agriculture and forestry equipment.

Assurant Partners with HEVI to Provide Extended Service Contracts

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EAST WINDSOR, N.J. , July 17, 2024 /PRNewswire/ -- HEVI Corp. ("HEVI" or the "Company"), a manufacturer of all-electric heavy equipment, today announced it is partnering with the National Energy Improvement Fund (NEIF) to provide equipment financing.

National Energy Improvement Fund Partners with HEVI to Provide Equipment Financing

EAST WINDSOR, N.J. , July 16, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, and Lonking Holdings Limited ("Lonking", Hong Kong Stock Market ticker 3339.hk), one of the world's largest construction machinery manufacturers with full year 2023 reported sales of approximately US$1.5 billion, today announced a strategic partnership aimed at revolutionizing the heavy machinery industry in the United States.

Greenland Technologies and Lonking Join Forces to Develop Heavy Electric Machinery for the U.S. Market Under the HEVI Brand

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Drives Year-over-Year Revenue Growth and Gross Margin Expansion Achieves Major Milestone with Sales to Maryland's Port of Baltimore Accelerates Expansion of the HEVI Authorized Service Provider (ASP) National Network EAST WINDSOR, N.J. , May 16, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced its unaudited financial results for the first quarter ended March 31, 2024.

Greenland Reports 64% YoY Increase in 1Q 2024 Net Income Per Share

EAST WINDSOR, N.J. , April 23, 2024 /PRNewswire/ -- HEVI Corp. ("HEVI" or the "Company"), a manufacturer of all-electric heavy construction and farming machinery, today announced the Port Authority of New York and New Jersey has agreed to purchase the Company's HEVI GEL-5000 all-electric front loader.

Port Authority of New York and New Jersey to Purchase HEVI's GEL-5000 Electric Front Loader

EAST WINDSOR, N.J., April 10, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced completion of its initial sales delivery to Maryland's Port of Baltimore of the Company's HEVI GEL-5000 all-electric front loader.

Greenland Technologies Completes Initial Sales Delivery to Maryland's Port of Baltimore

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EAST WINDSOR, N.J. , April 2, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced a further expansion of Greenland's fast growing HEVI Authorized Service Provider (ASP) national network program to North Carolina, with the addition of Truck and Auto Repair, which will support increased demand for the Company's growing HEVI electric industrial vehicle product line.

Greenland Expands HEVI's Fast Growing Approved Service Provider Network to North Carolina with Addition of Truck and Auto Repair

EAST WINDSOR, N.J. , April 1, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, issued the following comment on Baltimore's Francis Scott Key Bridge collapse.

Greenland Technologies Operations Unaffected by Francis Scott Key Bridge Collapse in Baltimore, MD; Company Reaffirms April 2024 Sales Delivery Plan

EAST WINDSOR, N.J. , March 21, 2024 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced that it plans to make an initial sales delivery in April 2024 to Maryland's Port of Baltimore of the Company's HEVI GEL-5000 all-electric front loader.

Update: Greenland Technologies Plans April 2024 Initial Sales Delivery to Maryland's Port of Baltimore

News for Greenland Technologies Holding Corporation Stock (GTEC)