GTEC - Greenland Technologies +11% expects 25% growth in Q4

Greenland Technologies (GTEC) indicates that revenue for Q4 2020 ended December 31, 2020 increased by ~25.5% Y/Y to ~$73.2M.Sales of the transmission boxes increased by roughly 63%, or ~35,406 units sold in Q4.Increase in the number of units of transmissions boxes sold translated into an increase in revenue that was more than 50% when compared to the same quarter in the prior year. "We are encouraged by the acceleration in our revenue growth in the fourth quarter of 2020, as we benefit from both strong company and market fundamentals. We expect our business momentum will continue through 2021 given the fact that our growth is coming from a diversified product mix and customer base. We remain focused on unlocking Greenland's true value as we execute on our business strategy, which calls for more aggressive sales of our existing forklift and drivetrain systems, while ramping sales of our new, next generation lithium battery powered integrated

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Greenland Technologies +11%, expects 25% growth in Q4