LISHUI, China, Oct. 18, 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.,
continues to drive sales momentum with its new order for 15
midibuses.
Shangchi Automobile's fully customizable, diesel light 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 6 meters, the vehicles have easy USB access charging ports,
powerful air conditioning and heating, and a state-of-the-art air
purification system, among other features.
Mr. Wangfeng Yan, Chief Executive Officer of Tantech, said, "We
are seeing a real uptick in demand for our smaller, more efficient
midibus models. This latest order is from one of our valued
domestic China customers, where
demand continues to grow. We feel good about our ability to meet
the varied needs of customers with our existing inventory levels
and our supply chain relationships. Our proven ability to provide
high-quality, highly efficient customizable midibuses gives us a
competitive edge we intend to more aggressively leverage now
as the broader environment is improving."
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.
For more information, please contact:
Global IR Partners
David Pasquale
New York Phone: +1-914-337-8801
TANH@globalirpartners.com
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SOURCE Tantech Holdings Ltd.