Greenland Technologies and Lonking Join Forces to Develop Heavy Electric Machinery for the U.S. Market Under the HEVI Brand

EAST WINDSOR, N.J., July 16, 2024 /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, and Lonking Holdings Limited ("Lonking", Hong Kong Stock Market ticker 3339.hk), one of the world's largest construction machinery manufacturers with full year 2023 reported sales of approximately US$1.5 billion, today announced a strategic partnership aimed at revolutionizing the heavy machinery industry in the United States. The collaboration will see the two companies combining their expertise to develop cutting-edge electric machinery under Greenland's popular HEVI brand, catering specifically to the needs of the U.S. market.