Greenland Technologies Holding Corp.

General Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for the global material handling industries. Through its subsidiaries in the People's Republic of China (PRC), Greenland offers transmission products, which are key components for forklift trucks. These forklifts are used in manufacturing and logistic applications such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports. Industries with the largest demand for forklifts include transportation, warehousing logistics, electrical machinery, and automobile industries. Greenland's transmission products are used in 1-ton to 18-tons forklift trucks, with both mechanical and automatic shift options. Greenland sells these transmission products directly to forklift-truck manufacturers. In the fiscal years ended December 31, 2025 and 2024, Greenland sold an aggregate of 166,317 and 149,597 sets of transmission products, respectively, to more than 100 forklift manufacturers in the PRC. In January 2020, Greenland formed HEVI Corp., a wholly owned subsidiary incorporated in Delaware, to focus on electric industrial vehicles. Prior to 2025, HEVI manufactured and sold electric industrial vehicle products, but substantially all of its business operations have been suspended since 2025 due to uncertainty regarding tariff policy. HEVI's electric industrial vehicle products, which are not currently offered, include GEF-series electric forklifts (1.8 tons to 3.5 tons), GEL-1800 (a 1.8-ton rated load lithium powered electric wheeled front loader), GEX-8000 (an all-electric 8.0 ton rated load lithium powered wheeled excavator), and GEL-5000 (an all-electric 5.0 ton rated load lithium wheeled front loader).