Greenland Technologies Stock Rises After Launching Second Electric Industrial Vehicle Line
Nov 19, 2021 By MarketDepth
Greenland Technologies Holding Corporation (NASDAQ: GTEC) stock jumped more than 78% on Friday, after the Company announced the launch of its second, zero operating emissions, electric industrial vehicle line, the GEL-1800 Electric Loader. This follows the successful launch of the GEF-series electric lithium forklift line.
Less Noise and Maintenance
Greenland’s new GEL-1800 Electric Loader is powered by an environmentally-friendly 141 KWh lithium battery. The GEL-1800 boasts a rapid 2 hour charge, with nine hours of operating time on a single charge. The GEL-1800 answers some of the biggest issues facing modern facility managers, with its clean and sustainable power, zero operating emissions, and both 60% less operating noise and lower maintenance costs compared to diesel internal combustion vehicles. It is currently available for sale in the United States market.
“Our new GEL-1800 arrived the first week of November, marking another major step for us as we successfully launch our second electric industrial vehicle line and work to accelerate the Company’s sales. We designed the GEL 1800 Electric Loader to be used in a wide range of applications, including construction, mining, agriculture, industrial and more. We continue to expand our product line of electric industrial vehicles to meet customer demand in a rapidly growing market. We are giving customers the compelling financial and operating advantages of electrification in a warehouse or material handling fleet, and our electric industrial vehicles have all the power to get the job done without the pollution generated by traditional internal combustion engines.”Raymond Wang, CEO of Greenland
Greenland Technologies Holding Corporation, through its subsidiaries, develops and manufactures transmission and drivetrain systems for material handling machineries and electric vehicles, and electric industrial vehicles in the People’s Republic of China and internationally. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports.