LISHUI, China, Nov. 10, 2016 /PRNewswire/ -- Tantech
Holdings Ltd (NASDAQ : TANH) (the "Company" or "TANH") announced
today that the Ministry of Industry and Information Technology of
the People's Republic of China
(MIIT) has included its three electric vehicle models in the
"Announcement of Road Motor Vehicle Manufacturing Enterprises
and Products" (No.284 and No. 285 New Product Catalog
Announcement). The three vehicles are produced by the company's
subsidiary Suzhou E Motors Buses Co., Ltd.
So far, together with previous approvals from the MIIT (No.264,
No. 269, No. 274, No. 275 New Product Catalog Announcement), the
company has got approval for a total of 13 electric vehicle models.
The MIIT's green light is key for
alternative-energy vehicle manufacturers to drive sales and gain market recognition. The
company has obtained over 1000 orders for its medium-sized electric
buses.
The new electric bus ZQK6810EV, one of the three latest models approved by the MIIT, is
driven by a lithium iron phosphate
battery. With a range of more than 250km
(155 miles), the 8.1-meter-long bus can travel as fast as 100 km/h (62mph) and carry as many as 34
passengers. The bus is particularly suited for use as shuttle buses
at tourist attractions and airports, or commuter buses run by
companies.
The ZQK5040X, another model approved by the MIIT, is an electric
van for logistics transportation. The van, 5.8-meter long and
powered by ternary lithium battery, is equipped with the electric
motor made by Hunan CRRC Times. With a maximum gradeablilty of 20%,
it can travel as fast as 100 km/h
to a range of 350 km range on
a single charge, which is sufficient enough to satisfy transport
demand for big or small logistics companies, such as ZTO, SF Express, DHL, UPS, FedEx,
TNT, EMS and Cainiao between cities
and logistics hubs. The van has been put into trial
operation by some logistics
companies in the Chinese city of
Hangzhou and was well received by clients in terms of
gradeability, cruising range,
maneuverability and overall performance.
"To seize the opportunity brought by China's strategic policy of promoting new
energy vehicles, we are utilizing our advantages, consolidating all
the high-quality resources and increasing investment in research
and development," said Zhengyu Wang, chief executive of
TANH. "We aim to launch ten new energy vehicles this
year and will continue to improve in the NEV segment. Most
customers are satisfied with our products and we are in talks to
obtain more orders."
About Tantech Holdings Ltd.
Established in 2001 and headquartered in Lishui City, Zhejiang Province, China, Tantech Holdings Ltd. ("Tantech" or the
"Company"), together with its subsidiaries, develops and
manufactures bamboo-based charcoal products, including a variety of
branded consumer products and electric double-layer capacitor
("EDLC") carbon products for industrial energy applications. The
Company is in the process of acquiring 100% interest in Suzhou E
Motors Co., Ltd., a specialty electric vehicles and power batteries
manufacturer based in Zhangjiagang City, Jiangsu Province, and aims to transform itself
from a bamboo-based charcoal products producer to a vertically
integrated company along the EDLC Carbon –power battery – specialty
new energy vehicle value chain. For more information about Tantech,
please visit: http://www.tantech.cn/en/index.asp.
Forward-Looking Statements
This news release contains forward-looking statements as defined by
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulations, and other risks contained in reports filed by the
company with the Securities and Exchange Commission. All such
forward-looking statements, whether written or oral, and whether
made by or on behalf of the Company, are expressly qualified by
this cautionary statement and any other cautionary statements which
may accompany the forward-looking statements. In addition, the
Company disclaims any obligation to update any forward-looking
statements to reflect events or circumstances after the date
hereof.
Contact:
Ye Ren
Cell Number: +86-15888894015
Email: tantech@f0086.com
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SOURCE Tantech Holdings Ltd.