EAST
WINDSOR, N.J., Aug. 27,
2024 /PRNewswire/ -- HEVI Corp. ("HEVI" or the
"Company"), a manufacturer of all-electric heavy equipment, today
announced the further expansion of its growing industrial electric
vehicle portfolio with the launch of its newest model, the H55L
front wheel loader. HEVI's newest electric wheel loader is
purpose-designed to combine robust performance with eco-friendly
operation, featuring advanced electric technology to deliver
efficiency and reliability while minimizing emissions and operating
costs. With fewer components, no diesel and no diesel exhaust fluid
(DEF), HEVI expects its all-electric wheeled front loader can save
customers by materially reducing diesel and planned maintenance
expenses, further increasing return on investment.
Experience unmatched efficiency and performance with HEVI's
state-of-the-art H55L electric wheel loader. Durable and high
performing, the H55L all-electric loader is a quiet, eco-conscious
solution, lifting up to six tons in indoor and outdoor applications
without the mess and emissions of diesel. Perfect for material
management, site preparation, landscaping and recycling and waste
management operations.
HEVI's newest H55L 6-ton rated powerhouse eliminates emissions
and diesel costs while offering reduced maintenance and
significantly lower total cost of ownership. HEVI's advanced
hydraulic power system ensures seamless operation, complemented by
long-lasting battery performance for uninterrupted workdays. With
powerful instant torque from electric motors, H55L delivers maximum
productivity with minimal environmental impact. Equally important,
HEVI's H55L is expected to cut carbon footprints by approximately
70 tons of CO2 annually compared to similar-sized diesel
models.
Raymond Wang, CEO of HEVI,
commented, "We are strategically expanding our line of industrial
electric vehicles to capitalize on the most promising market
opportunities, focusing on areas where we can leverage our
competitive strengths. The ongoing shift toward eco-friendly
industrial vehicles is accelerating, and we are actively working to
broaden our range of vehicles and simplify the buying and ownership
experience for our customers. Our latest model, the H55L,
exemplifies our commitment to combining high performance with
eco-friendly benefits, positioning HEVI as the ideal solution for a
variety of tasks. We believe this approach will drive revenue
growth and enhance shareholder value."
About HEVI Corporation
HEVI is a developer and manufacturer of sustainable heavy
machinery such as all-electric heavy construction and farm
machinery. The Company is a wholly owned subsidiary of Greenland
Technologies Holding Corporation (Nasdaq: GTEC). Information on the
Company's clean industrial heavy equipment can be found at HEVI at
HEVI Corp.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking statements." Such statements reflect HEVI's
current views with respect to future events and are subject to such
risks and uncertainties, many of which are beyond the control of
HEVI, including those set forth in the Risk Factors section of
Greenland's Annual Report on Form
10-K filed with the U.S. Securities and Exchange Commission
("SEC"). Copies are available on the SEC's website, www.sec.gov.
Words such as "expect," "estimate," "project," "budget,"
"forecast," "anticipate," "intend," "plan," "may," "will," "could,"
"should," "believes," "predicts," "potential," "continue," and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, HEVI's expectations with respect to future performance.
Should one or more of these risks or uncertainties materialize, or
should assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated or expected. Statements
contained in this news release regarding past trends or activities
should not be taken as a representation that such trends or
activities will continue in the future. HEVI does not intend and
does not assume any obligation to update these forward-looking
statements, other than as required by law.
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SOURCE Greenland Technologies Holding Corporation
