Greenland Technologies Holding Corporation Completes Its Move to a New Manufacturing Facility
Global Lights Acquisition Corp (GLAC)
Company Research
Source: PR Newswire
NEW YORK, Oct. 28, 2019 /PRNewswire/ -- Greenland Technologies Holding Corporation, formerly known as Greenland Acquisition Corporation (the "Company" or "Greenland") (Nasdaq: GLAC) announces that its operating subsidiary in China, Zhejiang Zhongchai Machinery ("Zhongchai") has recently completed moving out of its leased facility and into a newly-constructed modern manufacturing facility in Shaoxing, China. This new facility is owned by Zhongchai and boasts an annual production capacity of 200,000 sets of transmission systems, as compared to 80,000 sets in the previous facility, a 150% increase. Additionally, this new facility features high precision and high efficient manufacturing capability. Peter Zuguang Wang, the Chairman of the Company, remarked, "This move will increase our production capability significantly and enable us to deliver more highly competitive products to the market and to produce robotic cargo carriers in the near future."About GreenlandGreenland Technologies Ho
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