Tantech’s Shangchi Car Wins First Singapore Order

LISHUI, China, Oct. 5, 2020 /PRNewswire/ — Tantech Holdings Ltd (NASDAQ: TANH) (“Tantech” or the “Business”), a clean up vitality corporation in China, right now announced its subsidiary, Shangchi Car Co., Ltd. (“Shangchi Auto”), received a significant, multi-auto get from China De Ruixiang Industrial Co. Ltd. (“China De Ruixiang“), marking the 1st availability in Singapore.  Delivery of the midibuses has occurred.

The modern, diesel midibuses requested by China De Ruixiang have an in general size of 7 meters, two doors and have seats for 23 passengers, with a full potential of 50.  Featuring a handbook 5 speed transmission and all the luxuries of a substantial-conclusion bus, the midibus boasts an successful, luxury journey expertise with snug seating, USB charging ports, potent air conditioning and a condition-of-the-artwork air purification program.

Mr. Wangfeng Yan, Chief Govt Officer of Tantech, said, “We are pretty enthusiastic about this win as it underscores the attractiveness of our vehicles internationally, exactly where midibuses are ever more getting utilised for shorter distance transportation.  This is a single of our greatest car orders to date both in conditions of motor vehicles ordered and the whole get price.  This is also the to start with time we are cooperating with China De Ruixiang, which additional validates the growth possible we are actively doing work to capitalize on as we extend our output amount.  Equally significant, this is the 1st time our autos will be obtainable in Singapore, which demonstrates the progress we are making on our enterprise execution and prosperous development of essential new worldwide markets, as we translate our attempts into gross sales.” 

Shangchi Automobile focuses on building and production large-effectiveness, electric cars and fuel driven buses.  The Company has modified to China’s new energy car or truck subsidy coverage and COVID-19, and is actively leveraging its R&D skills to build new midibuses and strength effective specialty-use electric powered vehicles, such as logistics cars, avenue sweepers and ambulances. 

About Tantech Holdings Ltd.

Founded in 2001 and headquartered in Lishui Metropolis, Zhejiang Province, China, Tantech, alongside one another with its subsidiaries, is now, in addition to be a developer and maker of bamboo-centered charcoal, an modern leader in the layout, manufacture and distribution of electrical vehicles. The Corporation has also invested in mining business enterprise in 2018 and 2019.

For additional data remember to check out: http://ir.tantech.cn.

Forward-Wanting Statements

This information release consists of ahead-on the lookout statements as defined by the Private Securities Litigation Reform Act of 1995. Ahead-seeking statements contain statements relating to strategies, aims, aims, tactics, long term occasions or overall performance, and fundamental assumptions and other statements that are other than statements of historic information. These statements are issue to uncertainties and risks like, but not minimal to, merchandise and service demand and acceptance, variations in technology, economic problems, the impression of competition and pricing, govt laws, and other challenges contained in experiences filed by the business with the Securities and Trade Commission. All this sort of forward-searching statements, regardless of whether created or oral, and irrespective of whether made by or on behalf of the Organization, are expressly qualified by this cautionary statement and any other cautionary statements which may possibly accompany the forward-seeking statements. In addition, the Company disclaims any obligation to update any ahead-looking statements to replicate occasions or situation following the date hereof.

View authentic content material:http://www.prnewswire.com/information-releases/tantechs-shangchi-vehicle-wins-initial-singapore-get-301145459.html

Supply Tantech Holdings Ltd.

Katherine T. Burrows

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