LISHUI, China, July 7, 2021 /PRNewswire/ -- Tantech Holdings Ltd
(NASDAQ: TANH) ("Tantech" or the "Company"), a clean energy company
in China, today announced that its
subsidiary, Shangchi Automobile Co., Ltd. ("Shangchi"), fulfilled a
new customer order for its medium-sized fuel bus for export to the
Middle East.
In addition to licensed EVs including electric buses, Shangchi
also produces fuel buses. The company's major fuel bus products are
sleek, diesel midibuses, which have an overall length of 8 meters,
two doors and have seats for 19 passengers. Featuring a manual
5 speed transmission and all the luxuries of a high-end bus, the
midibus boasts an efficient, luxury travel experience with
comfortable seating, USB charging ports, powerful air conditioning
and a state-of-the-art air purification system. Shangchi also
assembles tailored fuel buses based on customers' individualized
needs.
Mr. Wangfeng Yan, Chief Executive Officer of Tantech, said, "We
are very pleased with customer demand levels and the continued
diversification of our business. There is continued strong
global demand for feature-rich fuel busses capable of transporting
large groups of people in a comfortable environment. This is a
large, near-term opportunity for us, along with vehicles we are
developing with our other teams, including the street sweeper and
industrial vehicle market, which will allow us to expand our scale,
manufacturing expertise and brand visibility as we work to build
value for the Company and shareholders."
About Tantech Holdings Ltd
For the past decade, Tantech has been a highly specialized
high-tech enterprise producing, researching and developing bamboo
charcoal-based products with an established domestic and
international sales and distribution network. Since 2017 when the
Company acquired 70% of Shangchi Automobile, a vehicle manufacturer
based in Zhangjiagang City, Jiangsu
Province, it has manufactured and sold vehicles. The
Company established two new subsidiaries in November 2020, with the plan to produce and sell
street sweepers and other electric vehicles. The Company is
fully ISO 90000 and ISO 14000 certified and has received a number
of national, provincial and local honors, awards and certifications
for its quality products and scientific research efforts. For
more information please visit: http://ir.tantech.cn.
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 the
closing of the Private Placement, 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.
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SOURCE Tantech Holdings Ltd.