Tantech Holdings acquires 70% of Suzhou E Motors for $14.7M

Tantech Holdings Ltd. completed the acquisition of 70% equity interest in Suzhou E Motors Co., Ltd., a specialty electric vehicles and power batteries manufacturer in Zhangjiagang, Jiangsu, for RMB 103.2 million (approx. $14.7 million) plus 2.5 million restricted shares.

“We are pleased to complete this acquisition today, by acquiring 70% equity interest in Suzhou E Motors which will make us a leader in specialty EVs in China.”en.prnasia.com

• 1 source
• en.prnasia.comTantech Holdings Ltd. Finalized Acquisition of Suzhou E Motors - Expanding Environmentally-Friendly Automotive Technology - PR Newswire APACJul 17, 2017

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