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Greenland Technologies (GTEC) Stock Soars: It Manufactures Its Electric Trucks

Greenland is engaged in the production of transmissions and electric cars. Since transmission systems are desperately needed by factories, warehouses, commercial ports, they are the main and regular customers of the company. The last time, in other words, November 19, its one stock was valued at $ 9.89. On the same day, before the close of trading, the price soared almost 100%, finally breaking through the $ 10 mark. This jump was achieved as a result of the publication of the good news – Greenland is launching a car. Until this year, the worth has remained firmly stable at $ 5.8. Market capitalization grew as the price rose. Thus, this figure is $ 112.461M. Following the successful launch of the GEF series, Greenland Technologies announced production, this time manufacturing the GEL-1800.

Electric Loader, which is an industry-specific vehicle with no emissions and 60% noise reduction. Moreover, the price for repairs is much lower. This electric car is charged with a lithium battery with a capacity of more than 141 kWh. One charged battery lasts for 9 hours, while if the car is doing work. According to the company, it’s pouring into the electric car manufacturing sector with different car lines. The biggest benefit of doing this is working — benefiting the environment.