RTTNews | Jul 29, 2021 10:14AM EDT

10:14 Thursday, July 29, 2021 (RTTNews.com) - Greenland Technologies Holding Corp. (GTEC) shares are rising on Thursday morning trade after the company said launched new GEF series lithium powered EV forklift trucks. Deliveries are expected in September 2021.

The company noted that the new line of EV forklifts offers a competitive advantage over legacy vehicles powered by lead-acid battery arrays.

Currently, shares are at $6.80, up 7.24 percent from the previous close of $6.34 on a volume of 247,758. For the 52-week period, the shares have traded in a range of $6.37-$7.49 on a volume of 99,652.

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