Greenland Technologies Holding Corp (GTEC)

[HokieHead]

SHARES OUTSTANDING 10.16M PUBLIC FLOAT 1.13M

Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland"), a technology developer and manufacturer of forklift transmissions and drivetrain systems, announced today select preliminary results, which are subject to final audit, indicate revenue for the fourth quarter of 2020 ended December 31, 2020 increased by approximately 25.5% to approximately $73.2 million when compared to $58.3 million in revenue for the same period one year ago.

Doing $75 million a quarter and valued at only $200 million at $20.

Good upside on news and volume.

Under the agreement, both parties intend to establish a strategic partnership to fully cooperate on technology sharing and supply chain management for the production of electric industrial vehicles in the U.S. SOCMA has agreed to provide and supply to GTEC the materials, parts and components, and related supply chain required for the development and manufacture of electric industrial vehicles in the U.S. SOCMA agrees that GTEC shall use the relevant SOCMA technologies and patents involved in GTEC's procurement of engineering vehicle parts and materials from SOCMA free of charge GTEC will capitalize on its global business development and technology development capabilities to accelerate the launch of its electric industrial vehicles globally with support from SOCMA.