Tantech Holdings Ltd, a leading bamboo charcoal and electric vehicle manufacturer in China, provided an update on its business operations and expansion efforts. The company reported continued growth in its core bamboo charcoal products segment, with sales primarily driven by domestic distributors. Tantech has also expanded into new product lines including biodegradable packaging and commercial factoring services.Tantech's electric vehicle subsidiary, Shangchi Automobile, faced challenges due to COVID-19 disruptions but has developed new autonomous electric street sweeper models. The company is focusing on specialty electric vehicles for niche markets to differentiate from larger competitors. Tantech highlighted its strong brand recognition for bamboo charcoal products and competitive pricing strategy in the household hygiene sector.Looking ahead, Tantech aims to capitalize...Show More

Tantech Holdings Ltd, a leading bamboo charcoal and electric vehicle manufacturer in China, provided an update on its business operations and expansion efforts. The company reported continued growth in its core bamboo charcoal products segment, with sales primarily driven by domestic distributors. Tantech has also expanded into new product lines including biodegradable packaging and commercial factoring services.Tantech's electric vehicle subsidiary, Shangchi Automobile, faced challenges due to COVID-19 disruptions but has developed new autonomous electric street sweeper models. The company is focusing on specialty electric vehicles for niche markets to differentiate from larger competitors. Tantech highlighted its strong brand recognition for bamboo charcoal products and competitive pricing strategy in the household hygiene sector.Looking ahead, Tantech aims to capitalize on growing demand for environmentally-friendly products in China. The company is expanding its charcoal product line and restructuring its distribution network to improve efficiency. While facing intense competition in the electric vehicle market, Tantech sees opportunities in the government-supported new energy vehicle sector. The company continues to invest in research and development to enhance its product offerings and maintain its competitive position.