The Noblelift’s GY Series permanent magnet lithium electric forklift, combining the advan- tages of lithium-ion and permanent magnet synchronous technology, is a newly developed series of products through independent research and development. These products challenge conventional perceptions of electric forklifts, offering a higher power density with a dual permanent magnet synchronous motor system. By optimizing the matching of the gearbox, motor, and electronic control, energy consumption is reduced by 15-25% compared to AC motors.