Greenland Technologies Holding Corporation, operating in the U.S. and China, develops and manufactures electric industrial vehicles and drivetrain systems for material handling machinery and vehicles. Founded in 2006, it is a leading transmission and drivetrain systems provider in the material handling industry, and by 2018 had sold more than 91,000 sets of transmission systems to more than 100 forklift manufacturers in China. It held over 108 registered patents at the time of the report.
In 2019 Greenland began investing in electrification research, resulting in a new line of drivetrain components for lithium-powered electric forklifts and light commercial electric vehicles. In 2021 it announced plans to enter the electric industrial vehicle market with a new line of electric forklifts and electric heavy machinery such as front loaders and excavators, and in November 2021 it launched the GEL-1800 Electric Loader, powered by a 141 kWh lithium battery.
NASDAQ: GTEC · Electric industrial vehicles