Benzinga | Oct 18, 2021 08:03AM EDT

Tantech Reports Its Shangchi Auto Subsidiary Won An Order For 15 Midibuses, No Terms Disclosed

Tantech Holdings Ltd (NASDAQ:TANH) ("Tantech" or the "Company"), a clean energy company in China, today announced that its subsidiary, Shangchi Automobile Co., Ltd., continues to drive sales momentum with its new order for 15 midibuses.

Shangchi Automobile's fully customizable, diesel light midibuses feature a manual 5 speed transmission and all the luxuries of a high-end bus, including a fuel efficient, luxury travel experience with comfortable seating for 15 passengers. With an overall length of 6 meters, the vehicles have easy USB access charging ports, powerful air conditioning and heating, and a state-of-the-art air purification system, among other features.

Mr. Wangfeng Yan, Chief Executive Officer of Tantech, said, "We are seeing a real uptick in demand for our smaller, more efficient midibus models. This latest order is from one of our valued domestic China customers, where demand continues to grow. We feel good about our ability to meet the varied needs of customers with our existing inventory levels and our supply chain relationships. Our proven ability to provide high-quality, highly efficient customizable midibuses gives us a competitive edge we intend to more aggressively leverage now as the broader environment is improving."