Greenland Technologies Holding Corp. (China)

The Company designs, develops, manufactures and sells components and products for the global material handling industries.
The Company develops, manufactures, and sells transmission products for material handling machineries in the People s Republic of China. The Company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports. It is also involved developing powertrains, as well as electrical industrial vehicles.
All of the Company's operations are considered by the chief operating decision maker to be aggregated in one reportable operating segment.
SUBSIDIARIES
Zhongchai Holding, the wholly-owned subsidiary of the Company, owned 71.576 of Zhejiang Zhongchai Machinery Co., Ltd. (“Zhejiang Zhongchai”), 62.5 of Shanghai Hengyu Business Management Consulting Co., Ltd. (“Hengyu”), 100 of Hangzhou Greenland Energy Technologies Co., Ltd Co., Ltd (“Hangzhou Greenland”), 100 of HEVI (formerly known as Greenland Technologies Corp.) and 62.5 of Hengyu Capital, Ltd. (“Hengyu Capital”).
HISTORY
2017 The Company was incorporated on December 28, 2017 as a British Virgin Islands company with limited liability. The Company was incorporated as a blank check company for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more target businesses.
2018 The Company s ordinary shares commenced public trading on August 8, 2018. It s ordinary shares are traded on the Nasdaq Capital Market under the symbol “GTEC.”
2019 The Company consummated its business combination with Zhongchai Holding. The Company changed its name from Greenland Acquisition Corporation to Greenland Technologies Holding Corporation in October 2019.