Greenland Technologies (US:GTEC) Prnewswireยท2024-03-21 12:36Core 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]