Benzinga | Nov 10, 2020 03:26PM EST

Why Greenland Technologies Is Trading Higher Today

Greenland Technologies (NASDAQ:GTEC) shares are trading higher on Tuesday after the company reported it will begin offering integrated electric drivetrain system to existing forklift OEM clientele to support the manufacture of electric forklifts using lithium batteries.

Greenland Technologies Holding Corp is a developer and manufacturer of traditional transmission products for material handling machineries and a developer of a robotic cargo carrier prototype for commercial use in China. It caters to manufacturers of material handling equipment, primarily forklift trucks.

Greenland Technologies shares were trading up 93.59% higher at $4.53 on Tuesday. Greenland Technologies stock has a 52-week high of $10 and a 52-week low of $1.12.