Business
Tantech to Supply Twenty Modern School Buses to Ecuador to Enhance Student Transportation Capacities
LISHUI, China, Aug. 14, 2023 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company") announced that its subsidiary, Shangchi
About this update from Tantech Holdings Ltd.
[{"type":"text","content":"LISHUI, China, Aug. 14, 2023 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) (\"Tantech\" or the \"Company\") announced that its subsidiary, Shangchi Automobile Co., Ltd., has recently signed a sales contract to export 20 school buses to Ecuador; this is the 4th order of school buses from Ecuador.\nThis order includes 20 wide-body buses measuring 6 meters long featuring 18 fabric seats. The passenger area is covered by dark gray windows for better privacy. In most countries, school buses are subject to stringent safety standards. Tantech's product quality and technology standards will ensure the exported buses meet or exceed Ecuadorian safety regulations. The incoming orders also represent a significant business opportunity for the Company to expand market presence and generate revenue. Entering a market such as Ecuador can drive further growth in revenue and promote long-term partnerships.\nMr. Wangfeng Yan, CEO of Tantech, said: \"Ecuador holds tremendous potential for growth, and we are honored to contribute to its educational infrastructure by providing safe, reliable, and efficient transportation solutions for students. Our school buses are not just vehicles, they are a means to a brighter future for Ecuador's young minds, and we are proud to play a role in their journey towards knowledge and success.\"\nMr. Yan continued, \"This continuous sale is also a testament to the hard work, dedication, and relentless pursuit of excellence by our company. As we venture into new territories and markets, this milestone serves as a remarkable example of our commitment to innovation, quality, and international collaboration. The sale of these school buses is not just a transaction, but a representation of the trust that our clients have placed in our products and services. It showcases our ability to deliver solutions that meet the unique needs of different regions and cultures.\"\nAbout Tantech Holdings Ltd\nFor 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 s...