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The former entity of Tantech - Zhejiang Tantech Bamboo Technology Co., Ltd. was established in October 2002. It is a leading high-tech enterprise, specializing in the R&D, manufacturing and sales of bamboo charcoal products for industrial energy applications and household cooking, heating, purification, agricultural and cleaning uses. It has an established domestic and international sales and distribution network. Tantech was listed in NASDAQ in 2015. In 2017, Tantech acquired a controlling equity interest in Suzhou E-Motors , which became known as Shangchi Automobile in 2019, and it began it's business in electric vehicles manufacturing and sales. In 2022, Tantech set up subsidiaries in the U.S.