LISHUI, China,
May 16,
2023 /PRNewswire/ -- Tantech Holdings Ltd
(NASDAQ: TANH) ("Tantech" or the "Company") today announced
that its subsidiary, Shangchi Automobile Co., Ltd., has recently
signed a new contract to export electric midibus to Dominica.
Measuring 6 meters long and close to 2 meters wide, the midibus
has 17 air-conditioned PVC seats and a wide-body design that
provides ample space, allowing passengers to have a comfortable and
enjoyable ride. In addition, this midibus is quieter than its
internal combustion engine counterpart, an attribute that provides
a more peaceful and restful ambience, making it easier for
conversations and relaxation during the journey. In the meantime,
this electric vehicle produces zero emissions while driving,
contributing to a cleaner and healthier environment.
This order is one of many of the Company's export orders within
recent months, reflecting Tantech's reputation in overseas markets,
and also shows consumers' trust in the Company's products.
Expanding into overseas markets such as Dominica not only drives the Company's growth
but also contributes to its global transition towards sustainable
transportation, aligning with the Company's vision of creating a
cleaner and greener future.
Mr. Wangfeng Yan, CEO of Tantech, commented, "This order
represents a milestone for our company as we continue to lead the
way in the rapidly growing electric vehicle market. It demonstrates
the trust and confidence that our partners have placed in our
products, technology, and expertise. It opens up more opportunities
for our company, let us continue to push the boundaries of
innovation, while ensuring our electric vehicles exceed customer
expectations and continue to set new industry standards. Together,
we will deliver excellence, establish lasting partnerships, and
make a positive impact on the world."
About Tantech Holdings Ltd
For the last two decades, Tantech has been a leading high-tech
enterprise pioneering and specializing in the manufacture, research
and development of products based on bamboo charcoals with a
well-established domestic and international sales and distribution
network. Tantech expanded into the clean vehicle industry in 2017
through acquiring 70% share of Shangchi Automobile. In November 2020, Tantech established two additional
subsidiaries, Lishui Smart New Energy Automobile Co., Ltd. and
Zhejiang Shangchi New Energy Automobile Co., Ltd., to produce and
market electric vehicles, including automatic high-speed street
sweepers and others. The Company's subsidiary, First International
Commercial Factoring (Shenzhen)
Co., LTD, is engaged in commercial factoring for businesses in and
related to its supply chain. Tantech has recently expanded its
operation into international markets. In May and July 2022, the Company established wholly-owned
subsidiaries, EPakia Inc. and EPakia Canada Inc., in the United States and Canada to develop biodegradable packaging
business in the North American and other international markets. The
Company is fully ISO 90000 and ISO 14000 certified and has received
numerous 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, except as expressly required by applicable laws.
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SOURCE Tantech Holdings Ltd.