GTEC

HANGZHOU, China, Aug. 18, 2026 /PRNewswire/ -- Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland" or the "Company"), a developer and manufacturer of transmission and drivetrain systems for material handling machinery and electric industrial vehicles, today announced the successful commercialization of its proprietary four-wheel drive transmission systems designed for off-road forklift truck applications. The Company's newly introduced transmission product lineup, ranging from 1.8-ton to 10-ton models, was first launched in 2024 and has already contributed to the Company's revenue due to what the company believes are its advanced performance, durability, and operational efficiency.

Q2 Revenue Increased 37.6% Year Over Year to $29.9 Million Q2 Gross Profit Increased 65.9% to $9.5 Million; Gross Margin Expanded to 31.9% Q2 Net Income Reached $4.9 Million, Compared with a Net Loss of $2.8 Million in the Prior-Year Period First Half Revenue Increased 27.7% to $55.4 Million; Net Income Reached $10.7 Million HANGZHOU, China, Aug. 14, 2026 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a developer and manufacturer of drivetrain systems for material handling machinery and electric vehicles, as well as electric industrial vehicles, today announced its unaudited financial results for the second quarter and six months ended June 30, 2026. Second Quarter 2026 Financial Highlights Revenue increased 37.6% to $29.9 million, compared with $21.7 million in the second quarter of 2025.

Greenland Technologies (GTEC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).