The Latest Breaking News from Greenland Technologies Holding Corp

Greenland Technologies Holding Corp (NASDAQ:GTEC) reported a fourth-quarter FY21 revenue decline of 4.2% to $22.9 million, missing the estimate of $24.06 million. The decline was due to the recognition of orders that accumulated during the pandemic but were not fulfilled until 4Q20, combined with the adverse impact of ongoing supply chain constraints.…

Greenland Technologies Holding Corp (NASDAQ:GTEC) has entered into a strategic partnership agreement with Princeton NuEnergy Inc to recycle lithium-ion batteries. Princeton NuEnergy is a technology developer focused on developing second-life battery solutions and closed-loop lithium-ion battery recycling. These batteries are used in Greenland's electric industrial vehicles, including electric forklifts, electric loaders, and electric…