LISHUI, China, Aug. 28,
2023 /PRNewswire/ -- Tantech Holdings Ltd
(NASDAQ: TANH) ("Tantech" or the "Company") announced that its
subsidiary, Shangchi Automobile Co., Ltd., has signed a sales
contract to provide midibuses to Malaysia. This is the Company's largest order
from Malaysia and marks a
significant stride toward enhancing public transit options and
addressing the growing transportation needs in the region.
This order includes 50 midibuses; each midibus measures 6 meters
long and features 18 seats, with steering wheel on the right and
equipped with MP5 system. In compliance with Euro 3 emission standards, the midibuses are
powered by DK5 diesel engine. These midibuses are known for their
versatility, efficiency, and environmentally friendly features.
They are designed to accommodate both urban and suburban routes,
catering to the diverse needs of Malaysia's residents and visitors. With a
focus on passenger comfort and safety, the midibuses feature
ergonomic seating, state-of-the-art entertainment options, and
enhanced accessibility features, and playing an important role in
advancing Malaysia's public
transportation infrastructure by ensuring a comfortable, reliable,
and inclusive commuting experience for all passengers.
"This contract marks a significant leap forward in our journey
of growth and expansion. It underlines our dedication to delivering
great products and services to the international markets, as well
as our ability to foster strong relationships with partners across
borders. " Mr. Wangfeng Yan, CEO of Tantech, commented. "The
contract reflects our partners' trust in the Company's reputation
for quality, innovation, and reliability. Our team's tireless
efforts and unwavering commitment to exceeding customer
expectations have undoubtedly contributed to the realization of
this substantial achievement."
Mr. Yan continued "This success reinforces our mission to
continue striving for excellence in every aspect of our operations.
Our dedicated team remains committed to ensuring the seamless
execution of this contract and maintaining the high standards that
are synonymous with our brand."
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.
