LISHUI, China, Aug. 14,
2023 /PRNewswire/ -- Tantech Holdings Ltd
(NASDAQ: TANH) ("Tantech" or
the "Company") announced that its subsidiary, Shangchi Automobile
Co., Ltd., has recently signed a sales contract to export 20 school
buses to Ecuador; this is the 4th
order of school buses from Ecuador.
This order includes 20 wide-body buses measuring 6 meters long
featuring 18 fabric seats. The passenger area is covered by dark
gray windows for better privacy. In most countries, school buses
are subject to stringent safety standards. Tantech's product
quality and technology standards will ensure the exported buses
meet or exceed Ecuadorian safety regulations. The incoming orders
also represent a significant business opportunity for the Company
to expand market presence and generate revenue. Entering a market
such as Ecuador can drive further
growth in revenue and promote long-term partnerships.
Mr. Wangfeng Yan, CEO of Tantech, said: "Ecuador holds tremendous potential for growth,
and we are honored to contribute to its educational infrastructure
by providing safe, reliable, and efficient transportation solutions
for students. Our school buses are not just vehicles, they are a
means to a brighter future for Ecuador's young minds, and we are proud to
play a role in their journey towards knowledge and success."
Mr. Yan continued, "This continuous sale is also a testament to
the hard work, dedication, and relentless pursuit of excellence by
our company. As we venture into new territories and markets, this
milestone serves as a remarkable example of our commitment to
innovation, quality, and international collaboration. The sale of
these school buses is not just a transaction, but a representation
of the trust that our clients have placed in our products and
services. It showcases our ability to deliver solutions that meet
the unique needs of different regions and cultures."
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.
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.
SOURCE Tantech Holdings Ltd.