Greenland Technologies Holding Corp. (GTEC) company profile

Greenland Technologies Holding Corporation develops, manufactures, and markets transmission products and systems for material handling equipment. The company produces mechanical and automatic transmission systems designed for forklift trucks ranging from one to 18 tons, as well as integrated powertrains combining electric motors, gearboxes, and driving axles for electric forklift models. It also offers electric industrial heavy machinery and mobile direct-current charging systems. Greenland distributes its transmission components directly to original equipment manufacturers of forklifts across transportation, logistics, electrical machinery, and automobile sectors.

The enterprise conducts its manufacturing and development operations through operating subsidiaries located in the People's Republic of China, serving more than one hundred forklift makers. Corporate and executive functions take place in the United States, with principal executive offices situated in East Windsor, New Jersey. Substantially all business activities of its electric vehicle subsidiary are suspended.

Summary of the business section of Greenland Technologies's latest annual report, written by StockData.

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

“We are offering 4,000,000 units at an offering price of $10.00 per unit.”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

“and marketing team consisted of 15 employees, all of them were in the PRC.”