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Greenland Technologies Plans to Expand into Robotics Market
Greenland Technologies plans to expand its product portfolio into the robotics market. The initiative is expected to focus on two areas: precision components for robot manufacturers and mobile platforms for inspection and patrol robots. The company expects to pursue opportunities to supply critical components to robotics companies worldwide while evaluating applications in which its drivetrain and vehicle-platform experience can support mobile robotic systems. Greenland plans to assess specific configurations and market opportunities as the initiative advances.
Greenland Technologies' HEVI Corp. Receives NY Electric Vehicle Approvals
Greenland Technologies' wholly owned subsidiary HEVI Corp. has received approvals from the New York Vehicle Inspection Program of the State of New York for its electric industrial vehicles. HEVI Corp. has been working with several state government agencies to secure approval for various incentive programs covering its heavy electric industrial vehicles, including NYVIP from the State of New York, the Clean Off-Road Equipment Voucher Incentive Project from the State of California, WorkClean from the State of New Jersey, and the Texas Emissions Reduction Plan from the State of Texas. Two of HEVI Corp.'s electric loader vehicles have been added to the eligible equipment list of the NYVIP program from the State of New York. The incentive covers 35% of the base equipment cost plus up to a $100K Disadvantaged Communities bonus for each unit sold where old equipment is replaced.
Greenland Technologies Files $200M Mixed Securities Shelf
Greenland Technologies files $200M mixed securities shelf
Greenland Technologies Receives Nasdaq Non-Compliance Notice
Greenland Technologies Holding Corporation announced that the company received a written notification from the Nasdaq Stock Market on March 12, notifying the company that it is not in compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rules for continued listing on the Nasdaq. The company's business operations are not affected by the receipt of the notification letter. The company intends to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a share consolidation, to regain compliance with the minimum bid price requirement under the Nasdaq listing rules.
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