Water Tower Hour Recap-CEO's Passion Drives the Shift to All-Electric Construction Equipment
Greenland Technologies President and CEO Raymond Wang joined WTR’s Tim Regan and Graham Mattison for a discussion of the company’s transmission business and its evolution to selling all-electric powered industrial equipment in the US through its HEVI division. Here are a number of highlights from our podcast episode. All-electric HEVI front loaders and excavators match a comparable diesel's performance. The HEVI products are designed to last a full 9-hour shift and then can be recharged using standard charging equipment either at the job site or in the yard for the ‘return to base’ equipment. Product demonstration programs make believers in the product. HEVI is building out its market through numerous on-site product demonstrations as well as offering its products through a program with leading equipment rental company United Rentals (NYSE:URI). The new HEVI division COO is accelerating the process. HEVI recently hired a 30+ year industry veteran to lead its growth and help to accelerate and expand the company’s demo programs and market reach. Greenland Technologies has a profitable and growing components business alongside a high-potential growth EV business. The CEO, who recently purchased shares in the open market, talked about the profitability and strength of the company’s established transmission and components business and also his conviction in the growth outlook for the HEVI division. Listen Here. You can listen to this week’s episode on Apple Podcasts, Google Podcasts, Spotify or on our website. Active links in our full report. WTR Exclusive. Those interested in learning more about Greenland Technologies and participating in a virtual group meeting with GTEC management, please reply to and ask for more details. Access our prior research on GTEC HERE.
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