GTEC

Greenland Technologies Holding Corp. operates as a developer and manufacturer of electric industrial vehicles, drivetrain systems, and battery-powered electric vehicles. Headquartered in East Windsor, New Jersey, the company conducts its primary manufacturing operations through facilities in China's Zhejiang Province. GTEC produces transmission and drivetrain systems for material handling equipment including forklifts and golf carts, while also developing electric off-highway and specialty vehicles. The company's product portfolio includes electric forklifts, lithium-battery-powered forklifts, and all-terrain vehicles marketed under the HEVI brand. GTEC serves both domestic Chinese markets and international customers, positioning itself as a supplier to original equipment manufacturers in the electric utility vehicle sector. The company has expanded its focus beyond traditional industrial equipment to include consumer-oriented electric vehicles, including side-by-sides and utility task vehicles designed for recreational and agricultural applications. In recent years, GTEC has emphasized transitioning toward higher-margin finished vehicle sales while maintaining its established drivetrain component business. The company holds various patents related to transmission technology and electric vehicle systems. GTEC's business model combines contract manufacturing for third-party brands with sales of proprietary HEVI-branded vehicles, allowing it to participate across multiple segments of the electric vehicle supply chain within the specialized industrial and utility vehicle markets.