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Benzinga

Business

Shivani Kumaresan

Tantech Wins Vehicle Order From Ecuador Customer

Tantech Holdings Ltd (NASDAQ:TANH) said its subsidiary, Shangchi Automobile Co Ltd, won an additional ten vehicle orders.
The company expects the order for customized, high-end black and yellow midibuses to be delivered to the customer in Ecuador in May 2022.
Shangchi Automobile's diesel light midibuses feature a manual five-speed transmission with seating for 18 passengers.
The busses also have provisions for USB access charging ports, air conditioning and heating, air purification system, rear reverse radar, and high mount brake lights.
"We are seeing increased demand for our midibuses as the global economy continues to reopen, while inventory shortages continue to hamper the passenger vehicle market," said CEO Wangfeng Yan.
Price Action: TANH shares are trading lower by 1.65% at $0.50 on the last check Monday.

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