LISHUI, China, Nov. 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., has won
another new order for 15 of its high-quality, highly efficient
customizable midibuses. 10 of the 15 have already been delivered to
the customer in the
Philippines.
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, a state-of-the-art air
purification system, double handrails and lifting rings, among
other features.
Mr. Wangfeng Yan, Chief Executive Officer of Tantech, said, "Our
business is starting to hit its stride and we expect to see
continued growth in 2022 based on our discussions with customers.
Investments we made in research and development, sales and
marketing, and in our supply chain are helping us build momentum
and ensure vehicle inventory. This latest order was another
win for our team, as we continue to target larger, multi-vehicle
orders to more efficiently leverage our production capabilities.
This customer extensively tested one of our prototype vehicles
before ordering the 15 midibuses, underscoring the quality of our
vehicles. We have confidence in our vehicles because they
perform well combined with the fact that we can tailor our
vehicles."
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, 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 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.