Greenland Technologies: Sees over 25% jump in Q4 revenue, shares up

Greenland Technologies Holding

13/01/2021 16:22

** U.S.-listed shares of Chinese transmission and drive
train systems maker  GTEC.O  rise 4.4% to $7.21 
    ** Co expects Q4 revenue to increase 25.5% to $73.2 mln as
sales of its transmission boxes increased ~63% in the quarter
 urn:newsml:reuters.com:*:nPnbWD4xDa
    ** Co to undertake more aggressive sales of forklift and
drivetrain systems, while ramping sales of lithium
battery-powered integrated drive train targeting EV market- CEO
    ** Stock had risen 45% in 2020

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))