EAST
WINDSOR, N.J., Sept. 12,
2023 /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 it won a bid from Maryland's Port of Baltimore, under which Greenland will help facilitate the Port of
Baltimore's ambitious plan to
electrify port equipment, including planned sales of the Company's
new GEL-5000 all-electric front loader.
Maryland's Port of Baltimore generates about 15,300 direct jobs,
with nearly 140,000 jobs overall linked to Port activities. The
Port is first among the nation's ports for autos and light truck
volume, roll on/roll off farm and construction machinery and
imported gypsum. The Port is responsible for nearly $3.3 billion in personal wages and salaries,
$2.6 billion in business revenue and
$395 million in state and local tax
revenue annually.
The GEL-5000 is a 5.0 ton rated load all-electric lithium
wheeled front loader that boasts strong power, approximately 40,000
pounds operating weight and increased payload options, making it a
clean, green front loader with a rapid 2 hour charge time and 9
hours of operation time per charge. With a long list of
sustainability, performance, comfort, maintenance and safety
features, the GEL-5000 all electric front loader is ideal for both
indoor and outdoor usage. It is perfect for on-site applications in
industries ranging from agriculture, urban construction to waste
management and property management. Customers can learn more about
the GEL-5000 Electric Wheel Front Loader or schedule a demo at
www.gethevi.com.
Raymond Wang, CEO of Greenland, commented, "We are excited to be
celebrating Maryland's Port of
Baltimore's commitment to clean
and sustainable alternatives, and its leadership in the more broad
electrification of the industrial environment. When we announced
our Maryland manufacturing
expansion last year, our goal was to leverage the strategic
location and attractive incentives to create meaningful jobs in
support of a production ramp for existing customer demand and
anticipated growth. We are progressing to plan and benefit from new
opportunities, like Maryland's
Port of Baltimore, as more and
more government entities and companies seek to electrify their
equipment. We believe this is just the tip of the iceberg and we
look forward to capitalizing on this exciting opportunity with
Maryland's Port of Baltimore, and the many new opportunities this
will create for Greenland, as we
benefit from the accelerating global drive to electrify
equipment."
About Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation (NASDAQ: GTEC)
is a developer and a manufacturer of drivetrain systems for
material handling machineries and electric vehicles, as well as
electric industrial vehicles. Information on the Company's clean
industrial heavy equipment division can be found at HEVI
Corp.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking statements." Such statements reflect Greenland's current views with respect to
future events and are subject to such risks and uncertainties, many
of which are beyond the control of Greenland, including those set forth in the
Risk Factors section of Greenland's Annual Report on Form 10-K filed
with the U.S. Securities and Exchange Commission ("SEC"). Copies
are available on the SEC's website, www.sec.gov. Words such as
"expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could," "should,"
"believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Greenland's
expectations with respect to future performance. In addition, there
is uncertainty about the further spread of the COVID-19 virus or
the occurrence of another wave of cases and the impact it may have
on the Company's operations, the demand for the Company's products,
global supply chains and economic activity in general. Should one
or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated or expected. Statements
contained in this news release regarding past trends or activities
should not be taken as a representation that such trends or
activities will continue in the future. Greenland does not intend and does not assume
any obligation to update these forward-looking statements, other
than as required by law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/alert-greenland-technologies-wins-bid-from-marylands-port-of-baltimore-301923714.html
SOURCE Greenland Technologies Holding Corporation