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Greenland Launches 2nd Electric Industrial Vehicle Line: The GEL-1800 Electric Wheeled Front Loader

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Greenland Technologies Holding Corporation (NASDAQ: GTEC) announced the launch of its GEL-1800 Electric Loader, its second electric industrial vehicle line. This zero-emission loader features a 141 KWh lithium battery, allowing for a quick 2-hour charge and up to 9 hours of operation. The GEL-1800 aims to address challenges in facility management by offering sustainable power, reduced noise levels, and lower maintenance costs compared to diesel vehicles. It is now available for sale in the U.S., signaling Greenland's ongoing expansion in the electric vehicle market.

Positive
  • Launch of the GEL-1800 Electric Loader expands product line.
  • GEL-1800 offers zero operating emissions and reduced maintenance costs.
  • Rapid charging capabilities (2 hours) with 9 hours of operating time enhance usability.
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EAST WINDSOR, N.J., Nov. 19, 2021 /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 the launch of its second, zero operating emissions, electric industrial vehicle line, the GEL-1800 Electric Loader. This follows the successful launch of the GEF-series electric lithium forklift line.

Greenland Launches 2nd Electric Industrial Vehicle Line: The GEL-1800 Electric Wheeled Front Loader

Greenland's new GEL-1800 Electric Loader is powered by an environmentally-friendly 141 KWh lithium battery. The GEL-1800 boasts a rapid 2 hour charge, with nine hours of operating time on a single charge. 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 at www.greenlandmachinery.com.

Raymond Wang, CEO of Greenland, commented, "Our new GEL-1800 arrived the first week of November, marking another major step for us as we successfully launch our second electric industrial vehicle line and work to accelerate the Company's sales. We designed the GEL 1800 Electric Loader to be used in a wide range of applications, including construction, mining, agriculture, industrial and more. We continue to expand our product line of electric industrial vehicles to meet customer demand in a rapidly growing market. We are giving customers the compelling financial and operating advantages of electrification in a warehouse or material handling fleet, and our electric industrial vehicles have all the power to get the job done without the pollution generated by traditional internal combustion engines."

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. For more information visit www.gtec-tech.com.

Forward-Looking Statements

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 and Definitive Proxy Statement on Schedule 14A filed with the 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.

For more information, please contact:

In the United States:

The Blueshirt Group
Ms. Julia Qian 
Phone: +1 973-619-3227  
Email: Julia@blueshirtgroup.com                          

Global IR Partners
Mr. David Pasquale
Phone: +1-914-337-8801
Email: GTEC@globalirpartners.com

In China:

The Blueshirt Group 
Ms. Feifei Shen
Phone: +86 13466566136
Email: feifei@blueshirtgroup.com                           

The Blueshirt Group
Ms. Miranda Tian
Phone: +86 135-2551-1189
Email: miranda@blueshirtgro

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SOURCE Greenland Technologies Holding Corporation

FAQ

What is the GEL-1800 Electric Loader by Greenland Technologies?

The GEL-1800 Electric Loader is Greenland's second electric industrial vehicle, featuring a 141 KWh lithium battery and offering zero operational emissions.

When was the GEL-1800 Electric Loader launched?

The GEL-1800 Electric Loader was launched in early November 2021.

What are the operational benefits of the GEL-1800 Electric Loader?

The GEL-1800 Electric Loader provides 9 hours of operation on a single charge and has reduced maintenance costs compared to traditional diesel vehicles.

How does the GEL-1800 Electric Loader impact noise levels?

The GEL-1800 operates with 60% less noise compared to diesel internal combustion vehicles.

Where is the GEL-1800 Electric Loader available for sale?

The GEL-1800 Electric Loader is currently available for sale in the United States.

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EAST WINDSOR