Greenland Technologies Holding's Suppliers recorded an increase in sales by 7.97 % year on year in Q2 2026, sequentially sales grew by 4.98 %, Greenland Technologies Holding recorded an increase in cost of sales by 27.34 % year on year, sequentially cost of sales grew by 21.2 % in Q2.
Greenland Technologies Holding's Suppliers recorded an increase in sales by 7.97 % year on year in Q2 2026, sequentially sales grew by 4.98 %, Greenland Technologies Holding recorded increase in cost of sales by 27.34 % year on year, sequentially cost of sales grew by 21.2 % in Q2.
Greenland Technologies Holding's Comment on Supply Chain
Greenland sources key raw materials, including processed metal-based parts such as iron castings and gears, primarily from domestic suppliers in the People's Republic of China (PRC) located near its manufacturing facilities to minimize transportation and inventory costs. The company monitors raw material price fluctuations and employs bidding processes to manage procurement, adjusting product pricing accordingly. HEVI procures components, electronics, battery systems, and metal-based parts from various suppliers in the PRC, which are then shipped to the United States for assembly. Greenland manufactures gearbox housings and gears in-house at its facility in Xinchang County, Zhejiang Province, PRC, while sourcing other components from third parties. Inventory control is maintained with an average 30-day stockpile, with increased inventories toward year-end due to production demands and the Chinese New Year. An enterprise resource planning (ERP) system is utilized to enhance inventory management and provide real-time data on purchases and production.
Greenland Technologies Holding's Comment on Supply Chain
Greenland sources key raw materials, including processed metal-based parts such as iron castings and gears, primarily from domestic suppliers in the People's Republic of China (PRC) located near its manufacturing facilities to minimize transportation and inventory costs. The company monitors raw material price fluctuations and employs bidding processes to manage procurement, adjusting product pricing accordingly. HEVI procures components, electronics, battery systems, and metal-based parts from various suppliers in the PRC, which are then shipped to the United States for assembly. Greenland manufactures gearbox housings and gears in-house at its facility in Xinchang County, Zhejiang Province, PRC, while sourcing other components from third parties. Inventory control is maintained with an average 30-day stockpile, with increased inventories toward year-end due to production demands and the Chinese New Year. An enterprise resource planning (ERP) system is utilized to enhance inventory management and provide real-time data on purchases and production.
GTEC's Suppliers Net Income grew by
GTEC's Suppliers Net margin grew in Q2 to
24.93 %
30.84 %
GTEC's Suppliers Net Income grew by 24.93 %
GTEC's Suppliers Net margin grew in Q2 to 30.84 %
Greenland Technologies Holding's Suppliers Sales Growth
in Q2 2026 by Industry
Sources:
Greenland Technologies Holding Corp's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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