STOCKS TELEGRAPH

Tag: GTEC

  • Greenland Tech Holding Corp. (GTEC) Stock Falls Following New of Upcoming Public Offering

    Greenland Tech Holding Corp. (GTEC) stock prices were down by a marginal 2.58% as of the market closing on June 25th, 2021, bringing the price per share down to USD$9.07 at the end of the trading day. Subsequent pre-market fluctuations saw the stock fall by a significant 15.21%, bringing it down to USD$7.69.

    Strategic Partnership

    The company announced on June 21st, 2021 that it had entered into a major strategic partnership with Shandong Zhongcha Heavy Industry Machinery Co. The companies plan to collaboratively launch a lithium battery forklift, which will make use of GTEC’s innovative integrated drivetrain system that will be available for sale in the U.S by July 2021. To further drive revenue generation and consolidate their market leadership, GTEC plans to combine R&D resources to develop the new lithium powered forklifts.

    Launch of EV Pre-Booking

    June 15th, 2021 saw the company announce the launch of its online EV pre-booking service for the GEL-1800 1.8 ton Electric Loader, as well as the GEX-8000 Electric Excavator. Deliveries are forecasted for August 2021, ahead of schedule. The company website offers more information, as well as a service to pre-book a vehicle with a USD$250 refundable deposit.

    Success of Pre-Booking

    As the company expands its product portfolio and raises brand awareness, the highly promising initial interest has the momentum to carry the company through to a successful launch. In the absence of alternative industrial electric vehicles on the market, the upcoming launches are expected to be highly disruptive. Pre-bookings afford customers the chance to integrate products into their existing budget cycles as fiscal forecasts, while offering GTEC increases visibility and ramp production.

    Product Portfolio Expansion

    GTEC’s GEL-1800 Electric Loader has a maximum loading capacity of nearly 1800 kg and comes equipped with a massive 144 kWh battery. The vehicle is designed to be used in a variety of applications, including construction, mining, farming, and industrial. The GEX-Electric Excavator is an 8 ton electric excavator that has a minimal pollution footprint as compared to traditional internal combustion engines while having the power to get the most challenging jobs done. The GEX-8000’s absence of carbon emissions reflect a safer option for the workplace, operators, and the local community.

    Future Outlook for GTEC

    Armed with the upcoming commercialization and proliferation of its new products in a prime market, GTEC is poised to continue its trajectory of success. The company is keen to usher in further growth with its continued efforts to maximize market penetration. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • Greenland Technologies Holding Corp. (GTEC) Stock Undergoes Minor Volatility Despite Launch of EV Pre-Booking

    Greenland Technologies Holding Corp. (GTEC) Stock Undergoes Minor Volatility Despite Launch of EV Pre-Booking

    Greenland Technologies Holding Corp. (GTEC) stock prices were down by 4.62% shortly after market trading commenced on June 16th, 2021, bringing the price per share down to USD$9.07 early on in the trading day.

    Launch of EV Pre-Booking

    The company announced on June 15th, 2021 that it had launched an online EV pre-booking service for its new vehicles, the GEL-1800 1.8 ton Electric Loader and the GEX-8000 Electric Excavator. Delivery of the vehicles is expected to commence in August 2021, ahead of the previous forecasted schedule. The company website offers more information, as well as the facility to pre-book a vehicle with a USD$250 refundable deposit.

    Pre-Booking Success

    Initial interest in electric vehicles has been very strong, with interest expected to grow as GTEC expands its catalogue of offerings with the introduction of new electric vehicles and raising of awareness. The upcoming launches are expected to be highly disruptive in the absence of alternative industrial electric vehicles on the market. The opening of pre-bookings allows customers to incorporate products into their existing budget cycles as forecasts while offering the company increased visibility and ramp production.

    GEL-1800 Electric Loader

    The company’s GEL-1800 Electric Loader boasts a loading capacity of almost 1800 kg and is equipped with an impressive 144 kWh lithium battery. The vehicle is designed to be used in a myriad of applications, including, but not limited to, construction, mining, farming, and industrial.

    GEX-Electric Excavator

    The GEX-Electric Excavator, on the other hand, is an 8 ton electric excavator with the power to get the toughest of jobs done without the generation of the pollution associated with traditional internal combustion engines. The absence of carbon emissions generated through the operation of the GEX-8000 points to a safer option for the workplace, operators, and the local community.

    Future Outlook for GTEC

    Armed with the pending commercialization and proliferation of its new products in a market that is ripe for the taking, GTEC is poised to continue its trajectory of success. The company is keen to usher in further growth as it continues to push for increased market penetration. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.