LISHUI, China,
July 13,
2023 /PRNewswire/ -- Tantech Holdings Ltd
(NASDAQ: TANH) ("Tantech" or the "Company") today announced
that its subsidiary, Shangchi Automobile Co., Ltd., has signed a
new sales contract to export 60 midibuses to Nigeria. This is following previous export
sales of midibuses to Nigeria in
2022.
The most recent sale is the largest export order of midibuses to
Nigeria since 2023, which includes
50 narrow-body midibuses measuring 5.4 meters long featuring 16
fabric seats, and 10 wide-body midibuses measuring 5.4 meters long
featuring 17 fabric seats. Tantech increased export deals reflected
the Company's growing reputation in overseas markets. This
significant milestone is a testament to the hard work, dedication,
and exceptional abilities of the Company. This achievement not only
demonstrates the Company's strong market presence but also
validates the value and quality of the products. It reinforces the
Company's position as an important player in this area and
underscores our commitment to delivering exceptional products to
our customers.
Mr. Wangfeng Yan, CEO of Tantech, commented, "I would like to
extend my heartfelt thanks to our valued customers for their trust
and continued partnership. Their unwavering support has been
instrumental in our success, and we remain committed to exceeding
their expectations and delivering unparalleled value. This sale is
not just a momentary triumph; it signifies a sustainable growth
trajectory for our company. It motivates us to continue pushing
boundaries, exploring new opportunities, and striving for
excellence in all that we do. I am proud of what we have achieved
together, and I have full confidence that our company will continue
to achieve even greater milestones in the future. Let's build on
this success, leverage our strengths, and embrace innovation as we
embark on an exciting journey toward further growth and prosperity.
Together, we will shape a brighter future for our company and
create lasting value for all stakeholders."
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.
