Greenland Technologies Applauds Passage of Maryland's Clean Cars Act of 2022

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[{"type":"text","content":"BALTIMORE, May 17, 2022 /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 commented on the passage of the Maryland Clean Cars Act of 2022, which was sponsored by Delegate David Frasier-Hidalgo.\nThe Maryland Clean Cars Act of 2022 establishes a grant program that the Maryland Energy Administration will administrate, with the Governor including in the annual budget bill an appropriation of at least $750,000 in the fiscal years 2024 through 2027 from the Strategic Investment Fund for grants for zero–emission heavy equipment property under the program. The legislation takes effect July 1, 2022, with the grant program set to subsidize equipment purchased on or after July 1, 2023.\n\"I am thrilled that the Clean Cars Act has been signed into law and includes incentives for zero-emission technology, such as the equipment that Greenland produces,\" said Delegate David Fraser Hidalgo. \"This legislation is a critical step in reducing emissions among industrial equipment and achieving a more sustainable future.\"\nRaymond Wang, CEO of Greenland, commented, \"We applaud Maryland's Governor, Senate and House for taking leadership to facilitate a cleaner, healthier, green environment and economy. We have invested in the creation of industrial electric vehicles that offer superior performance, return on investment and aesthetics to traditional vehicles. Our investments in innovation have enabled us to bring electric industrial vehicles to market that are set to disrupt traditional industrial fleets from warehouses to other heavy handling environments. The fact that Maryland continues to take a leadership role in encouraging both manufacturers, like Greenland, and customer adoption reinforces our strategic decision to buildout our U.S. manufacturing operations in Baltimore County. We hope other states will follow Maryland's example and adopt similar programs, as acceleration of the conversion of the industrial vehicle market to clean, electric vehicles is in everyone's best interests.\"\nAbout Greenland Technologies Holding Corporation\nGreenland Technologies Holding Corporation (NASDAQ: GTEC) is a developer and a manufacturer of drivetr...

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