Greenland Technologies Announces Arrival of New Zero Emissions GEF-Series Electric Lithium Forklifts; Deliveries to Commence in Earnest

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[{"type":"text","content":"EAST WINDSOR, N.J., Nov. 4, 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 arrival of its innovative new zero emissions GEF-series EV forklift, one of the industry's first lithium powered EV forklift trucks. Deliveries will commence in earnest with a priority placed on customers that previously placed orders in the North American market, with promotional launch prices ranging from approximately $23,999 to $34,999 based on model configuration. \nGreenland's new GEF-series lithium powered electric forklifts offer a major competitive advantage over legacy vehicles powered by lead acid battery arrays, giving customers both financial and operating advantages of electrification in a warehouse fleet, including greater power, lower maintenance costs and over three times the service life of a lead acid power source. Anchored by 3 models rated to handle loads from 1.8 tons to 3.5 tons, the innovative new green technology forklifts feature a rapid 2 hour charge time, with 8 hours of operating time on a single charge. With the high quality Greenland is known for and a competitive pricing model, the Company expects strong demand for these vehicles as it continues its expansion in the important North American market. Customers can place orders and find additional information at the Company's website (www.greenlandmachinery.com). \n\nRaymond Wang, CEO of Greenland, commented, \"This is another major development as we execute on our product roadmap and growth strategy. Our team has done an excellent job navigating global supply constraints and logistics delays to secure initial inventory of our innovative new forklifts with only a slight delay due to port congestion. Our customers are as excited as we are about all 3 models of our new lithium powered all electric forklift vehicles given the performance and usability enhancements we have made, along with the fact that our vehicles are in line with customer sustainability principles and objectives. Our priority is to fulfil our backlog of customer orders, while finalizing arrangements for the next round of deliveries.\" \nGreenland's GEF Electric Lithium Forklifts are d...

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