Greenland Technologies Holding Corporation (GTEC)
NASDAQ (CM) NASDAQ (CM) Primary Summary
80 Mile shares jump on $30 million Greenland joint venture deal
Shares in 80 Mile PLC (AIM:80M, OTCQB:BLLYF) rose as much as 12% in early trading after the explorer agreed a $30 million joint venture with USFM Corporation to develop its Disko-Nuussuaq nickel and copper project in Greenland. Under the binding heads of terms, USFM will fund the investment to earn a 51% stake, while 80 Mile will retain 49% and act as project operator.
Greenland Rises 6% Year to Date: Should You Buy the GTEC Stock?
GTEC benefits from expanding gross margin due to high-value product sales and electric vehicle expansion.
Fast-paced Momentum Stock Greenland Technologies (GTEC) Is Still Trading at a Bargain
Greenland Technologies (GTEC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
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Greenland Technologies Holding Corporation Profile
| Machinery Industry | Industrials Sector | Raymond Z. Wang CEO | NASDAQ (CM) Exchange | G4095T107 CUSIP |
| US Country | 345 Employees | - Last Dividend | - Last Split | 8 Aug 2018 IPO Date |
Overview
Greenland Technologies Holding Corporation is an innovative company focused on the development, manufacture, and sale of transmission products primarily for material handling machinery. Established in 2006 and based in East Windsor, New Jersey, the company plays a crucial role in providing essential components for the logistics and manufacturing sectors within the People's Republic of China. Greenland Technologies aims to enhance the efficiency and functionality of forklift trucks used in various high-demand environments like factories, warehouses, and ports. With its commitment to R&D, the corporation is also expanding its contributions towards sustainable solutions by developing powertrains and electric industrial vehicles, marking its entry into the green energy market.
Products and Services
- Transmission Products for Forklift Trucks
These are core components of Greenland Technologies’ offerings, designed to meet the demanding requirements of forklift trucks in manufacturing and logistic applications. The transmission products are engineered for essential tasks in factories, workshops, warehouses, fulfillment centers, shipyards, and seaports, providing reliability and efficiency in material handling operations.
- Powertrains Development
As part of its innovation drive, Greenland Technologies is involved in the research and development of powertrains, showcasing a commitment to advancing the technological capabilities of industrial vehicles. This initiative is focused on creating more energy-efficient and environmentally friendly options for the machinery and logistics sectors.
- Electric Industrial Vehicles
Expanding its product portfolio to include electric industrial vehicles signifies Greenland Technologies' move towards sustainable solutions. These vehicles are designed to offer a green alternative to traditional combustion-engine driven machinery, aligning with global trends towards reducing carbon emissions and promoting eco-friendly industrial practices.
Contact Information
