Fasttrading

Fasttrading

Cenntro Electric Group Accomplishes Record Manufacturing Landmark of 1,623 Electric Commercial Cars in 2021

628 ECV’s Produced in December 2021 Represents Highest Volume in a Solitary Month

Firm Finishes Fiscal 2021 with $250 Million in Money, No Financial Obligation and Financial Stamina to Support Development of its European Operating Center in Dusseldorf, Germany and also New Assembly Plant in Jacksonville, Florida

Cenntro Electric Group Limited, a leading EV modern technology company with sophisticated, market-validated electric business vehicles, announced today that it accomplished a document manufacturing landmark of 1,623 electric business vehicles (ECV) for 2021 as well as experienced its highest possible volume month of 628 ECV’s generated and also shipped in December 2021.

The Business also revealed the introduction of four new automobile designs throughout fiscal 2021 as well as has actually received favorable reactions from its European and American channel partners and customers.

Cenntro’s item profile consists of Class 1– Class 4 cars along with off-road offerings and also, through its network companion network, it currently disperses cars in over 26 nations to target clients, which include corporate fleets (i.e., energies companies), medium as well as little companies (i.e., small processing centers, farms, solar ranches, resorts, intended communities, and so on), along with both state and federal government fleets.

Cenntro has produced and also provided over 3,600 commercial electric lorries because 2017 as well as its scalable, decentralized manufacturing version allows it to expand manufacturing without a lot of the associated facilities expenses using its asset light manufacturing version. The company prepares to range manufacturing in the very first quarter of 2022, through brand-new facilities both in Jacksonville, Florida and Dusseldorf, Germany.

” Today’s turning point achievement demonstrates that Cenntro is quickly ending up being a considerable gamer in the electrical business car market,” said Peter Wang, Chairman and also Ceo of Cenntro Electric Group “With the merging behind us and cash of $250 million, we are well placed to build up our European operating center in Dusseldorf, Germany as well as setting up plant in Jacksonville, Florida, which will considerably increase setting up, sales and also after-market service abilities for procedures.

“In addition, the new resources also allows Cenntro to broaden our management team, core U.S. procedures, board of supervisors and also critical advisors to support as well as manage our fast growth. I am just as excited about our progress already in 2022 based upon the passion we received at CES 2022 after unveiling Cenntro’s iChassis skateboard for last mile delivery as well as municipal solutions.

“Lastly, we are going through many efforts including a re-branding of our public materials, new business governance, the consultation of calculated consultants and capitalist connections to communicate with essential stakeholders and also brand-new capitalists. We look forward to reviewing all those campaigns as well as turning points throughout our teleconference in April 2022 discussing our monetary 2021 financial outcomes,” wrapped up Wang.

Regarding Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV technology firm with innovative, market-validated electric industrial lorries. Cenntro prepares to lead the transformation in the auto industry through scalable, decentralized manufacturing and totally digitalized self-governing driving remedies empowered by the Cenntro iChassis. Cenntro has actually created as well as delivered over 3,600 industrial EVs in more than 26 nations. For more details concerning the company, please see www.cenntroauto.com.

Flenn Burke

Back to top