HOWELL, N.J., March 25, 2021 /PRNewswire/ -- Greenland
Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland"), a technology developer and
manufacturer of electric industrial vehicles and drivetrain systems
for material handling machineries and vehicles, today announced it
has completed full beta versions of its new GEL 1800 Electric
Loader. The Company plans to transition to the construction of
pilot production representative versions in the second half of
2021.
Raymond Wang, CEO of Greenland, commented, "This is another major
milestone for Greenland. There has been a lot of money and
attention put into the Electric Vehicle ("EV") market with not a
lot of actual commercial models to show. We are breaking that mold
with the GEL 1800 Electric Loader. Greenland is one of only a
few companies worldwide with the capabilities, supply chain
relationships, financial strength and intellectual property needed
to create such an impressive EV. We are focused on building a
preeminent EV brand and will continue to prioritize
industrial-related applications where we have a clear competitive
advantage, strong demand and a multi-year, global runway."
Greenland's first electric
industry vehicle, the GEL 1800 Electric Loader, has loading
capacity of approximately 1,800 kg (approximately 3,969 lbs) and
equipped with a powerful 144 kwh lithium battery. The Company
designed the GEL 1800 Electric Loader to be used in a wide range of
applications, including construction, mining, farming, industrial
and more.
About Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a
developer and a manufacturer of drivetrain systems for material
handling machineries and electric vehicles, as well as electric
industrial vehicles. For more information visit
www.gtec-tech.com.
Forward-Looking Statements
This press release contains statements that may constitute
"forward-looking statements." Such statements reflect Greenland's current views with respect to
future events and are subject to such risks and uncertainties, many
of which are beyond the control of Greenland, including those set forth in the
Risk Factors section of Greenland's Annual Report on Form 10-K and
Definitive Proxy Statement on Schedule 14A filed with the
Securities and Exchange Commission ("SEC"). Copies are available on
the SEC's website, www.sec.gov. Words such as "expect," "estimate,"
"project," "budget," "forecast," "anticipate," "intend," "plan,"
"may," "will," "could," "should," "believes," "predicts,"
"potential," "continue," and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements include, without limitation, Greenland's expectations with respect to
future performance. In addition, there is uncertainty about the
further spread of the COVID-19 virus or the occurrence of another
wave of cases and the impact it may have on the Company's
operations, the demand for the Company's products, global supply
chains and economic activity in general. Should one or more of
these risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described herein as
intended, planned, anticipated or expected. Statements contained in
this news release regarding past trends or activities should not be
taken as a representation that such trends or activities will
continue in the future. Greenland
does not intend and does not assume any obligation to update these
forward-looking statements, other than as required by law.
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SOURCE Greenland Technologies Holding Corporation