PRISM EV Index Leader Greenland Technologies (GTEC) Announces Partnership With One of World’s Largest Construction Machinery Manufacturers

Current PRISM Emerging EV Index leader, Greenland Technologies (GTEC) is a developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machinery. Today the company announced its partnership with Lonking Holdings, one of the world’s largest construction machinery manufacturers. In 2023, Lonking’s reported estimated sales of $1.5Bn. This collaboration aims to revolutionize the heavy machinery industry in the United States by developing cutting-edge electric machinery under Greenland’s popular HEVI brand, specifically catering to the U.S. market.

The partnership combines Greenland’s expertise in electric vehicle technology with Lonking’s leadership in heavy machinery manufacturing. Leveraging their respective strengths, the companies plan to introduce a new line of electric-powered heavy machinery that meets the U.S. construction and industrial sectors’ demands for sustainability, efficiency, and performance.

“We are excited to be partnering with Lonking as we pave the way for the future of heavy machinery in the United States,” commented Raymond Wang, CEO of Greenland. “Lonking is a renowned manufacturer of heavy machinery, known for its commitment to quality, reliability, and innovation. With decades of industry experience and a dedication to delivering superior models worldwide, we share a focus on innovation and environmental responsibility. This partnership represents a major step forward in our commitment to sustainable innovation as we continue to set new standards in the industry with our HEVI brand.”