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Benzinga
Benzinga
Business
Shivani Kumaresan

Tantech Wins Vehicle Order From Ecuador Customer

Ecuador Nasdaq
  • 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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