Greenland Technologies (GTEC)
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Greenland Technologies Operations Unaffected by Francis Scott Key Bridge Collapse in Baltimore, MD; Company Reaffirms April 2024 Sales Delivery Plan
Prnewswire· 2024-04-01 11:00
Core Viewpoint - Greenland Technologies Holding Corporation expresses condolences regarding the Francis Scott Key Bridge collapse and reassures that its operations are currently unaffected while monitoring supply chain impacts due to port closures [1]. Group 1: Company Operations - Greenland is a developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machinery [2]. - The company plans to deliver its HEVI GEL-5000 all-electric front loader to Maryland's Port of Baltimore in April 2024, as part of a contract won in 2023 to support the port's electrification efforts [1]. Group 2: Supply Chain Management - The company is prepared to explore contingency options, such as utilizing alternative ports, to minimize supply chain disruptions and maintain commitments to customers [1].
Update: Greenland Technologies Plans April 2024 Initial Sales Delivery to Maryland's Port of Baltimore
Prnewswire· 2024-03-21 12:36
Core Insights - Greenland Technologies Holding Corporation plans to deliver its HEVI GEL-5000 all-electric front loader to Maryland's Port of Baltimore in April 2024, as part of a contract won in 2023 to support the port's electrification efforts [1][3] Company Overview - Greenland Technologies is a developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machinery [4] Product Details - The HEVI GEL-5000 is a 5.0-ton rated load all-electric lithium wheeled front loader, featuring approximately 40,000 pounds of operating weight and 9 hours of operation time per charge [3] - The front loader is designed to improve working conditions, reduce ownership costs, and offers zero operating emissions, making it suitable for various applications including construction, mining, and waste management [3] Market Context - The Port of Baltimore is a significant economic hub, generating about 15,300 direct jobs and nearly 140,000 jobs overall, with an annual economic impact of approximately $3.3 billion in personal wages and salaries [2] - The port is strategically located, being the deepest harbor in Maryland's Chesapeake Bay and within an overnight drive of one-third of the U.S. population [2]
Greenland's Board Approves Spin-off and Creation of Pureplay Industrial EV Company
Prnewswire· 2024-02-14 12:00
Core Viewpoint - Greenland Technologies Holding Corporation has announced a spin-off of its drivetrain systems business, aiming to separate its electric industrial vehicles and drivetrain systems segments into two independent, publicly-traded companies [1][2][3] Group 1: Spin-off Details - The Board of Directors has approved a plan for a tax-free spin-off of the drivetrain systems segment to existing shareholders [1][3] - Post-spin-off, Greenland will focus solely on its industrial electric vehicle business under the HEVI brand, while the drivetrain systems will operate as a separate publicly traded company [3] - Current shareholders will retain their shares in Greenland and receive an allocation of shares in the new spin-off company [3] Group 2: Strategic Rationale - The decision for the spin-off follows a review of the business portfolio aimed at enhancing shareholder value, concluding that a stand-alone company for the drivetrain systems is the most attractive strategic option [2] - CEO Raymond Wang indicated that the integrated business structure has not been reflected in the share price due to global exposure concerns, and the new structure will allow teams to focus on maximizing ROI in the growing industrial electric vehicle market [4] Group 3: Company Overview - Greenland Technologies is a developer and manufacturer of drivetrain systems for material handling machinery and electric vehicles, as well as electric industrial vehicles [5]
Greenland Technologies to Present to Investors in Atlantic City
Prnewswire· 2024-01-25 13:00
Group 1 - Greenland Technologies Holding Corporation (GTEC) is a developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machinery [2] - The company will present to investors at the Microcap Conference on January 31 and February 1, 2024, at Caesars Atlantic City Hotel & Casino [1] - The Microcap Conference is the largest independent event for microcaps, celebrating 20 years of hosting investment conferences [1] Group 2 - Information about the company's clean industrial heavy equipment division can be found at HEVI Corp [2]
Greenland Technologies Announces Amerit Fleet Solutions has Joined HEVI's Approved Service Provider Network Program
Prnewswire· 2024-01-23 13:00
EAST WINDSOR, NJ., Jan. 23, 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 Amerit Fleet Solutions ("Amerit") has joined Greenland's HEVI Authorized Service Provider (ASP) network program to support increased demand for the Company's growing HEVI electric industrial vehicle product li ...
Greenland Technologies (GTEC) - 2023 Q3 - Earnings Call Transcript
2023-11-20 14:49
Greenland Technologies Holding Corporation (NASDAQ:GTEC) Q3 2023 Earnings Call Transcript November 20, 2023 8:00 AM ET Company Participants Josh Centanni - Director of Investor Relations Raymond Wang - Chief Executive Officer Jing Jin - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Graham Mattison - Water Tower Research Rommel Dionisio - Aegis Capital Operator Good day, and thank you for standing by. Welcome to the Greenland Technologies Reports Third Quar ...
Greenland Technologies (GTEC) - 2023 Q3 - Quarterly Report
2023-11-19 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File number 001-38605 GREENLAND TECHNOLOGIES HOLDING CORPORATION (Exact name of registrant as specified in charter) | --- | --- | ...
Greenland Technologies (GTEC) - 2023 Q2 - Earnings Call Transcript
2023-08-21 22:27
Greenland Technologies Holding Corporation (NASDAQ:GTEC) Q2 2023 Earnings Conference Call August 21, 2023 4:30 PM ET Company Participants Josh Centanni - Director of Investor Relations Raymond Wang - Chief Executive Officer Jing Jin - Chief Financial Officer Conference Call Participants Theodore O'Neill - Hill Research Rommel Dionisio - Aegis Capital Graham Mattison - Water Tower Research Operator Good day, ladies and gentlemen. Thank you for standing by, and we warmly welcome you all to the Greenland Techn ...
Greenland Technologies (GTEC) - 2023 Q2 - Quarterly Report
2023-08-20 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File number 001-38605 GREENLAND TECHNOLOGIES HOLDING CORPORATION (Exact name of registrant as specified in charter) | --- | |---------- ...
Greenland Technologies (GTEC) - 2023 Q1 - Earnings Call Transcript
2023-05-19 15:36
Greenland Technologies Holding Corporation (NASDAQ:GTEC) Q1 2023 Results Conference Call May 19, 2023 8:00 AM ET Company Participants Raymond Wang - Chief Executive Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Rommel Dionisio - Aegis Capital Graham Mattison - Water Tower Research Operator Good day, ladies and gentlemen. Thank you for standing by, and we warmly welcome you all to the Greenland Technologies First Quarter 2023 Earnings Conference Call. [Operator Instruction ...