LISHUI, China, March 22, 2022 /PRNewswire/ -- Tantech Holdings
Ltd (NASDAQ: TANH) ("Tantech" or the "Company"), today announced
that a customer placed a new 10 vehicle order with its subsidiary,
Shangchi Automobile Co., Ltd. The latest international midibus
order is scheduled to ship to Nigeria in the second quarter of 2022.
Shangchi Automobile's fully customizable 5.4 meter, wide body
midibus boasts a highly comfortable travel experience for up to 15
people. Tailored with dark grey privacy glass, sliding windows and
USB charging ports, passengers can get to work, a social function
or any other destination without downtime. The high-quality,
feature rich, fuel efficient midibus comes standard with powerful
air conditioning and heating, a state-of-the-art air purification
system, and many enhanced safety features, including rear reverse
radar, high mount brake lights, power windows, UV glass and LED
lights, among other features.
Mr. Wangfeng Yan, Chief Executive Officer of Tantech, said,
"This is a great win for us as we focus on larger volume orders to
leverage the tailored designs we offer and our production assets.
We have maintained our commitment to customers to provide high
quality vehicles, with the unique features they want to make the
travel experience even better. It has been challenging but our team
has done a good job working with our supply chain partners to
ensure we are able to meet a greater amount of the customer orders
we are seeing. Our goal is to fulfil an increasing number of these
orders as the supply chain environment eases, while working with
our partners to reduce the impact of materials price increases that
are hurting other auto companies. Overall, we are in a strong
competitive position and are optimistic in our outlook for 2022 and
beyond."
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.
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. 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.
View original
content:https://www.prnewswire.com/news-releases/customer-places-new-10-vehicle-order-with-tantech-subsidiary-301507656.html
SOURCE Tantech Holdings Ltd.
