Greenland Technologies launches EV-focused unit, shares soar

Greenland Technologies Holding

07/12/2020 13:23

** U.S.-listed shares of Chinese transmission and drivetrain
systems maker  GTEC.O  soar 63.6% to $9 premarket 
    ** Co launches division focused on electric industrial
vehicle market  urn:newsml:reuters.com:*:nPn12TZ1sa
    ** New unit to develop and deploy next generation of
electrical industrial vehicles
    ** GTEC also plans to commercialize applications utilizing
the co's new lithium-based integrated drivetrain system
    ** Up to Friday's close, stock had gained 11% this year
    

 (Reporting by Shivani Kumaresan in Bengaluru)
 ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))