Company Overview - Tantech Holdings Ltd is a high-tech enterprise specializing in bamboo charcoal-based products with a decade of experience in production, research, and development [2] - The company has a well-established domestic and international sales and distribution network [2] - Tantech acquired 70% of Shangchi Automobile in 2017, enabling it to manufacture and sell vehicles [2] - The company established two new subsidiaries in November 2020, Lishui Smart New Energy Automobile Co Ltd and Zhejiang Shangchi New Energy Automobile Co Ltd, to produce and sell street sweepers and other electric vehicles [2] - Tantech is fully ISO 90000 and ISO 14000 certified and has received numerous national, provincial, and local honors, awards, and certifications for its products and scientific research efforts [2] - The company's subsidiary, First International Commercial Factoring (Shenzhen) Co Ltd, is engaged in commercial factoring for businesses in and related to its supply chain [2] Market Expansion - Tantech's US subsidiary, Gohomeway Group Inc, signed an annual purchase agreement with Heidi Enterprise Group for the period of January 2025 to December 2025 [1] - Under the agreement, Heidi Enterprise Group will procure flooring products worth 500,000 monthly, totaling $5 million annually, from Gohomeway Group Inc [1] - This agreement marks a milestone in Tantech's successful expansion into the US market [6] - Tantech's CEO, Wangfeng Yan, emphasized the company's commitment to market growth in the US and plans to establish a robust market ecosystem, including a comprehensive distribution network and franchise system through Gohomeway Group Inc [6]
Tantech's U.S. Subsidiary Signs $5 Million Sales Contract