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.
Raymond Wang, CEO of Greenland, commented, "Our heartfelt thoughts
and condolences go out to the families, the greater Baltimore community, and the heroic emergency
responders affected by this unthinkable tragedy. Although our
operations remain unaffected at present, we are closely monitoring
the situation regarding our supply chain in light of the port
closure. We are prepared to assess contingency options, such as
utilizing alternative ports, if necessary, to minimize any
disruptions to our supply chain and uphold our commitments to
customers."
Greenland reaffirmed its plan
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. The sales delivery is part of a
bid Greenland won in 2023, under
which Greenland will help
facilitate the Port of Baltimore's
ambitious plan to electrify port equipment.
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. Information on the Company's
clean industrial heavy equipment division can be found at HEVI
Corp.
Safe Harbor Statement
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 filed
with the U.S. 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 and Greenland's ability to deliver its HEVI
GEL-5000 all-electric front loader as anticipated. 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