# Subsidiary of Greenland Technologies Receives Government Incentive Program Approvals for Its Heavy Electric Industrial Vehicles

- Link: https://www.thailand-business-news.com/pr-news/subsidiary-of-greenland-technologies-receives-government-incentive-program-approvals-for-its-heavy-electric-industrial-vehicles
- Published: 2026-09-08T20:00:00+07:00
- Author: PR Newswire

HANGZHOU, China, Sept. 8, 2026 /PRNewswire/ — HEVI Corp., a wholly owned subsidiary
of Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland" or the"
Company"), a developer and manufacturer of transmission and drivetrain systems for
material handling machinery and electric industrial vehicles, has received approvals
from the New York Vehicle Inspection Program ("NYVIP") of the State of New York 
for its electric industrial vehicles.

HEVI Corp. has been working with several state government agencies to secure approval
for various incentive programs covering its heavy electric industrial vehicles, 
including NYVIP from the State of New York, the Clean Off-Road Equipment Voucher
Incentive Project ("CORE") from the State of California, WorkClean from the State
of New Jersey, and the Texas Emissions Reduction Plan ("TERP") from the State of
Texas. Two of HEVI Corp.’s electric loader vehicles — the H55L (5-ton loader) and
the H65L (6.5-ton loader) — have been added to the eligible equipment list of the
NYVIP program from the State of New York. The incentive covers 35% of the base equipment
cost plus up to a $100,000 Disadvantaged Communities ("DAC") bonus for each unit
sold where old equipment is replaced.

The Company believes these state incentive programs will generate greater interest
and accelerate the deployment of heavy electric industrial equipment, even though
adoption of heavy electric loaders in the U.S. market still faces significant challenges.

"We are very pleased to see our electric loader models listed on a government incentive
eligible equipment list," said Raymond Wang, Chief Executive Officer of Greenland
Technologies Holding Corporation. "This recognition confirms that our equipment 
meets strict industrial standards, and the incentive will help accelerate the deployment
of our heavy electric equipment in the U.S. market."

**About Greenland Technologies Holding Corporation**

[Greenland Technologies Holding Corporation](https://www.gtec-tech.com/?utm_source=chatgpt.com)(
NASDAQ: GTEC) is a technology developer and manufacturer of drivetrain systems for
material handling machinery and electric industrial vehicles. The Company focuses
on innovative transmission technologies and industrial vehicle solutions designed
to improve efficiency, performance, and sustainability.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements include, but 
are not limited to, statements regarding the anticipated benefits of government 
incentive program approvals for the Company’s electric industrial vehicles, the 
expected impact of such incentive programs on customer demand and deployment of 
the Company’s heavy electric equipment, the Company’s ability to obtain additional
incentive program approvals in other states, and the Company’s expectations regarding
the adoption and market acceptance of its electric loader vehicles in the U.S. market.
Actual results may differ materially from those expressed or implied due to various
risks and uncertainties, including market conditions, customer adoption rates, competitive
factors, the ability to protect and enforce intellectual property rights, supply
chain conditions, and other risks detailed in the Company’s filings with the Securities
and Exchange Commission, including the Company’s Form 10-K for the fiscal year ended
December 31, 2025, filed with the Securities and Exchange Commission on March 23,
2026. Greenland undertakes no obligation to update any forward-looking statements
except as required by law.

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**Read the original article :** [Subsidiary of Greenland Technologies Receives Government Incentive Program Approvals for Its Heavy Electric Industrial Vehicles ](http://www.prnasia.com/story/archive/5041727_CN41727_0?rand=184833)