EAST WINDSOR, N.J. - Greenland Technologies Holding Corporation (NASDAQ: GTEC), known for developing electric industrial vehicles and drivetrain systems, has struck a deal with East Energy for the purchase of its all-electric loaders. East Energy, through its subsidiaries Carolina Poultry Power RG2, LLC and Carolina Poultry Power RG3, LLC, will acquire two GEL-5000s and one GEL-1800 from Greenland's HEVI brand, with deliveries expected later this year.
The GEL-5000 is a 5.0 ton rated load electric loader with a 40,000 pounds operating weight, capable of running for 9 hours on a single charge. It is designed for a range of applications including agriculture, construction, waste management, and property management. The GEL-1800 model is equipped with a 141 KWh lithium battery and offers 60% less operating noise and lower maintenance costs compared to traditional diesel vehicles.
Raymond Wang, CEO of Greenland, expressed his satisfaction with the agreement, emphasizing the alignment of both companies' commitment to sustainable business practices. He highlighted the growing popularity of Greenland's zero-emission electric industrial vehicles and the company's ongoing innovation efforts.
East Energy is recognized for its involvement in the biomass sector, with ongoing projects in digesters and solar energy. The company's strategy focuses on waste diversion, clean power production, community involvement, and job creation.
This announcement is based on a press release statement and includes forward-looking statements subject to risks and uncertainties, such as those detailed in Greenland's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission. The impact of the COVID-19 pandemic on the company's operations and the demand for its products also remains uncertain.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.