Stock Alert: Greenland Technologies Up 20%

Shares of electric industrial vehicles manufacturer Greenland Technologies Holding Corp. (GTEC) are soaring 20 percent on Tuesday's after-trade as the company launched an online electric-vehicle pre-booking service for its new GEL-1800 1.8 ton Electric Loader and its GEX-8000 Electric Excavator

The company expects to start delivering the vehicles in August 2021, ahead of the scheduled date. Interested can know more and pre-book with a $250 refundable deposit at the company's website.

Raymond Wang, Greenland CEO, commented, "We are very excited as initial interest in our new industrial electric vehicles is very strong. Opening pre-booking will allow customers to add Greenland into their current budget cycle, while giving us added visibility as we ramp production."

The stock ended Tuesday's trade at $9.09, down $0.01 or 11 percent on the NYSE. In the after-hours trade, GTEC was up $1.87 or 20% to $10.96.

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