SOCMA and $GTEC Sign Co-Operation Agreement

NASDAQ:GTEC   Greenland Technologies Holding Corporation
SOCMA and Greenland Technologies Sign Co-Operation Agreement to Support U.S. Production of Electric Industrial Vehicles

$GTEC yesterday announced a co-operation agreement to utilize SOCMA's existing supply-chain and certain technologies.

The agreement also represents a commitment by Greenland to invest in the U.S. as a key center of innovation in the global electric vehicle market.

Under the agreement, both parties intend to establish a strategic partnership to fully cooperate on technology sharing and supply chain management for the production of electric industrial vehicles in the U.S.