Benzinga | Dec 16, 2021 12:22PM EST

Tantech Wins Order To Export 10 Customized Midibuses To Ecuador

* Tantech Holdings Ltd (NASDAQ:TANH) subsidiary, Shangchi Automobile Co Ltd, has won a new order for 10 of its customizable midibuses. The financial terms of the order were not disclosed.

* The vehicles will be exported to a customer in Ecuador, with primary use at a local school.

* Shangchi Automobile's diesel light midibuses feature a manual 5-speed transmission with seating for 18 passengers.

* "The fact that our midibuses will be used primarily at a local school underscores the safety and reliability of our vehicles," said CEO Wangfeng Yan.

* Price Action: TANH shares are trading lower by 2.01% at $0.48 on the last check Thursday.