Cenntro Electric Group Achieves Document Manufacturing Landmark of 1,623 Electric Commercial Autos in 2021
Cenntro Electric Group Achieves Document Manufacturing Landmark of 1,623 Electric Commercial Autos in 2021

Cenntro Electric Group Achieves Document Manufacturing Landmark of 1,623 Electric Commercial Autos in 2021

628 ECV’s Created in December 2021 Represents Highest Quantity in a Solitary Month

Company Finishes Fiscal 2021 with $250 Million in Money, No Financial Obligation and Financial Strength to Support Development of its European Operating Facility in Dusseldorf, Germany and New Setting Up Plant in Jacksonville, Florida

Cenntro Electric Group Limited, a leading EV technology company with advanced, market-validated electrical industrial vehicles, introduced today that it attained a record manufacturing milestone of 1,623 electric industrial cars (ECV) for 2021 and also experienced its greatest volume month of 628 ECV’s generated and also shipped in December 2021.

The Company additionally introduced the introduction of four new automobile designs during financial 2021 as well as has gotten positive responses from its European and also American channel partners and also customers.

Cenntro’s product profile consists of Class 1– Course 4 lorries along with off-road offerings and also, with its network companion network, it presently distributes lorries in over 26 nations to target clients, that include corporate fleets (i.e., utilities firms), medium and tiny firms (i.e., tiny handling facilities, ranches, solar ranches, resorts, planned areas, and so on), along with both state and federal government fleets.

Cenntro has actually created and provided over 3,600 industrial electric lorries given that 2017 as well as its scalable, decentralized manufacturing model permits it to grow manufacturing without much of the linked facilities costs using its asset light manufacturing design. The business prepares to range manufacturing in the first quarter of 2022, via new centers both in Jacksonville, Florida and also Dusseldorf, Germany.

” Today’s milestone accomplishment demonstrates that Cenntro is rapidly becoming a substantial player in the electric industrial automobile market,” claimed Peter Wang, Chairman and also Chief Executive Officer of Cenntro Electric Group “With the merging behind us and also money of $250 million, we are well positioned to build up our European operating center in Dusseldorf, Germany and also assembly plant in Jacksonville, Florida, which will dramatically increase assembly, sales and also after-market solution abilities for procedures.

“Furthermore, the new resources likewise enables Cenntro to broaden our management group, core U.S. operations, board of directors and critical advisors to support and handle our fast development. I am equally excited regarding our progress currently in 2022 based upon the passion we received at CES 2022 after unveiling Cenntro’s iChassis skateboard for last mile shipment and local solutions.

“Ultimately, we are going through lots of campaigns including a re-branding of our public materials, new company governance, the visit of tactical advisors as well as capitalist relations to communicate with key stakeholders and new financiers. We look forward to examining all those initiatives as well as turning points during our teleconference in April 2022 reviewing our financial 2021 financial outcomes,” concluded Wang.

Concerning Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV technology business with innovative, market-validated electrical commercial lorries. Cenntro intends to lead the improvement in the automotive industry with scalable, decentralized production and totally digitalized self-governing driving options equipped by the Cenntro iChassis. Cenntro has produced and supplied over 3,600 commercial EVs in greater than 26 nations. For more details concerning the firm, please browse through www.cenntroauto.com.

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