Greenland Technologies Holding Corporation announced a major strategic partnership with Shandong Zhongcha Heavy Industry Machinery Co. a multinational heavy machinery and automotive manufacturing company. The partnership is structured to accomplish two strategic objectives to drive revenue generation and to enhance leadership position as a first mover. First, the companies are joining forces to launch a lithium battery forklift, which utilizes Greenland's new integrated drivetrain system that will be available for sale in the U.S. by Greenland starting in July 2021. Second, the two strategic partners will combine R&D resources to develop the next stage of lithium powered forklifts to ensure they remain positioned for market leadership over the longer term. Headquartered in Jinan, Shandong, China, Shandong Zhongcha Heavy Industry Machinery Co. was founded in 2009 through a merger between Weichai Holding Group, Shandong Construction Machinery Group and Shandong Auto Industrial Group. Shandong Heavy Industry has five principal operating subsidiaries: Weichai Holding Group Co. Ltd. (the parent company of Weichai Power), Shantui Construction Machinery Co. Ltd., Shantui Machinery Co. Ltd., Shanzhong Construction Machinery Co. Ltd., and Shandong Auto Industry Group Co. Ltd., Shazhonng Construction Machinery.