LISHUI, China, Nov. 30,
2022 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ:
TANH) ("Tantech" or the "Company") today announced that its
subsidiary, Shangchi Automobile Co., Ltd., had received a second
order from Nigeria to export 6 additional fully customized
midibuses within 60 days.
Tantech has successfully integrated several innovations with
solid track records into vehicle design and craftsmanship. Both
vehicle power and energy efficiency have been significantly
improved, largely by adopting a more robust engine with embedded
advanced technologies (e.g., variable valve timing, electronic
throttle, hydraulic tappet, roller rocker arm, plastic intake
manifold, etc.). Additionally, these midibuses, equipped with
3x100L gas cylinders suitable for dual fuels (including
CNG), have become more environmentally friendly and more
conducive to emission reduction. Furthermore, these 6-meter long
midibuses are safer and easier to operate and maintain, with
refined left-hand driving structure, enhanced five-speed manual
transmissions, more responsive rear reverse radars and brighter
high-mount brake lights. Finally, it is more comfortable to ride on
these eleven-seat midibuses of a wide body with UV window glasses
and charging USB ports. Passengers can adjust their seats smoothly,
enjoy purified fresh air circulated by a more powerful air
conditioning system, read under LED lights and watch entertainment
programs, all within a noise-controlled atmosphere.
Mr. Wangfeng Yan, CEO of Tantech, said, "We have been striving
to execute our growth strategies and reinforce investments to
further optimize our midibuses. These continued efforts have helped
us in achieving higher customer satisfaction in terms of safety,
riding experiences, pollution minimization and cost-cutting for
vehicle operations and maintenance. Meanwhile, our midibuses are
priced competitively to deliver more tangible values to both bus
owners and passengers. With such a consumer-centric strategy
focused on R&D, manufacturing and marketing, we are confident
on building a reputable brand-name and gaining a greater market
share within a sizeable and fasting growing global bus markets.
This repeat order from Nigeria has
demonstrated that we are now making steady progresses toward
enlarging our market shares, and thus ultimately creating long-term
returns to our shareholders."
About Tantech Holdings Ltd
For the last two decades, Tantech has been a leading high-tech
enterprise pioneering and specializing in producing, researching
and developing 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% shares 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 law.
For more information, please contact:
Tantech Holdings Ltd
Investor Relations
Tel: +86 (578) 226-2305
ir@tantech.cn
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SOURCE Tantech Holdings Ltd.
