- Tantech Holdings Ltd 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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