EAST WINDSOR, N.J.,
Feb. 13,
2024 /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 East Energy, through its subsidiaries Carolina
Poultry Power RG2, LLC and Carolina Poultry Power RG3, LLC, has
agreed to purchase multiple zero operating emissions, electric
industrial machines from Greenland's HEVI. Under the purchase
agreements, East Energy will purchase two GEL-5000s and one
GEL-1800, with delivery of the all-electric loaders scheduled for
later this year.
HEVI's 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 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.
HEVI's GEL-1800 all-electric loader is powered by an
environmentally-friendly 141 KWh lithium battery. 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. Customers can learn more about the new GEL-1800 Electric
Loader or schedule a demo at www.gethevi.com.
Raymond Wang, CEO of Greenland, commented, "We are thrilled to
share the news of major purchase agreements with East Energy. Our
mutual dedication to environmentally friendly and sustainable
business practices aligns seamlessly. As the CEO, it brings me
immense pride to witness the growing popularity of our all-electric
industrial vehicles, which boast zero emissions. The positive
response from customers highlights the increasing momentum of our
sleek and powerful industrial electric vehicles. We are committed
to building on our impressive track record of innovation as we
continue to bring customers excellent performance in a more
environmentally-friendly vehicle."
"Our GEL-1800 and GEL-5000 models are setting new standards,
offering operators numerous advantages, such as simplicity in
maintenance, zero operating emissions, and an enhanced overall
experience. These industrial electric vehicles we purpose designed
to both elevate performance and contribute to a greener environment
in a wide range of applications, including construction, mining,
agriculture, industrial and more. We are delighted to witness the
success of our efforts in creating vehicles that not only improve
working conditions for operators but also significantly reduce the
cost of ownership."
About East Energy
East Energy's projects are best-in-class in the biomass sector.
Digesters and solar are under development. East Energy's
build-and-own strategy is designed to integrate the relationship
between waste diversion, clean power production, good jobs and
strong community involvement. East Energy applies vast experience
and outstanding legal, engineering, financial and regulatory
resources, while its sister company East Energy Operations has a
deep bench and decades of experience operating renewable energy
assets. All information about East Energy has been reviewed
and approved by East Energy. For more information visit
www.eastenergyrenewables.com.
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.
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SOURCE Greenland Technologies Holding Corporation