Greenland Technologies, a manufacturer of drivetrain systems (GTEC), has taken several steps in the right direction. Recently, its shares are soaring. GTEC’s performance is being challenged by EV-focused competitors. Let’s find out what our thoughts are. Greenland Technologies Holding Corporation (GTEC), an electrical industrial vehicle manufacturer, was recently awarded two zero emission vehicles. They were the GEL-1800 electric loader and GEF-series forklift. In its fiscal year 2021, the company maintained $90 to $100 million in total revenue guidance. That represents an increase of approximately 35% to 49% over year.

In addition, GTEC’s electric eight-ton rated-load lithium excavator, the GEX-8000 (all-electric), is due to be available in January 2022.

GTEC stock has gained 26.8% in price over the past month and 10.5% over the past three months to close yesterday’s trading session at $7.34. Additionally, analysts predict that GTEC’s revenue and EPS will increase by 7.7% year over year, to $112.78million in 2022. GTEC is expected to continue its rallying.

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