Greenland Technologies (GTEC) Gets Hot After Teaming Up With SOCMA

After announcing a cooperation deal with Chinese SOCMA (Fujian South China Heavy Machinery Manufacture Co. Ltd), Greenland Acquisition (NASDAQ: GTEC) shares just crazily started soaring over 260% in premarket within 25 minutes.

During the EV boom any company which informs it is participating in producing, financing, or purchasing electric vehicles, quickly faces its stock go up drastically within an hour. Hopefully, commercial or heavy-duty vehicles will be produced by the partnership between those two companies.

As we all know SOCMA and Greenland are well experienced in manufacturing commercial machinery and vehicles. They both need to get deep knowledge and qualification in producing or outsourcing lithium-ion batteries to back their EVs.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life