LISHUI, China, Aug. 30, 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., delivered 50
midibuses to a customer, which focuses on the United Arab Emirates market.
Shangchi Automobile's fully customizable midibuses feature a
manual 5 speed transmission and all the luxuries of a high-end bus,
including a fuel efficient, luxury travel experience with
comfortable seating for 15 passengers. With an overall length
of 4.96 meters, the vehicles have easy USB access charging ports,
powerful air conditioning and a state-of-the-art air purification
system, among other features.
Mr. Wangfeng Yan, Chief Executive Officer of Tantech, said, "The
headline is we have successfully delivered 50 midibuses, setting a
record as the largest order between us and the customer. This
showcases both the increased demand we are seeing and the capacity
we added in order to fulfill larger unit orders. We have come a
long way from the lows of last year's COVID-19 shutdowns. We
maintained our strong customer and supply chain relationships
during this challenging period and are now seeing the payoff with a
rebound in sales momentum. Overall, we are very confident
moving into the second half of 2021 and expect higher growth over
both the near and long-term."
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, Lishui Smart New Energy
Automobile Co., Ltd. and Zhejiang Shangchi New Energy Automobile
Co., Ltd., 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 sales,
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.