# 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.

- Type: Acquisition
- Announced: 2017-07-18
- Where: Zhangjiagang, Jiangsu Province, China
- Value: $14.7M
- Status: completed
- Products: specialty electric vehicles, power batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Tantech Holdings Ltd.](https://endata.com/companies/25676.md) (acquirer)
- [Suzhou E Motors Co., Ltd.](https://endata.com/companies/25677.md) (target)

## Sources

- [en.prnasia.com](https://en.prnasia.com/releases/global/Tantech_Holdings_Ltd_Finalized_Acquisition_of_Suzhou_E_Motors_Expanding_Environmentally_Friendly_Automotive_Technology-183025.shtml), 2017-07-17: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.