Cenntro Electric Group Attains Record Manufacturing Milestone of 1,623 Electric Commercial Cars in 2021

628 ECV’s Created in December 2021 Represents Highest Volume in a Single Month

Firm Finishes Fiscal 2021 with $250 Million in Money, No Financial Obligation and also Financial Strength to Assistance Expansion of its European Operating Center in Dusseldorf, Germany and also New Setting Up Plant in Jacksonville, Florida

NASDAQ: CENN, a leading EV innovation company with advanced, market-validated electrical industrial lorries, announced today that it accomplished a record manufacturing landmark of 1,623 electric commercial cars (ECV) for 2021 and experienced its greatest quantity month of 628 ECV’s generated and also delivered in December 2021.

The Company likewise revealed the introduction of four brand-new lorry designs during monetary 2021 as well as has gotten favorable responses from its European and American network partners and also customers.

Cenntro’s item portfolio consists of Class 1– Course 4 automobiles along with off-road offerings as well as, via its channel companion network, it presently disperses automobiles in over 26 countries to target customers, which include business fleets (i.e., energies companies), tool and also little companies (i.e., small handling facilities, ranches, solar farms, hotels, intended communities, etc), along with both state as well as federal government fleets.

Cenntro has actually created as well as delivered over 3,600 business electric cars considering that 2017 as well as its scalable, decentralized production version enables it to grow manufacturing without a lot of the linked facilities prices utilizing its possession light making version. The firm plans to scale manufacturing in the first quarter of 2022, with brand-new centers both in Jacksonville, Florida and Dusseldorf, Germany.

” Today’s landmark accomplishment shows that Cenntro is quickly becoming a considerable gamer in the electrical business lorry market,” said Peter Wang, Chairman and also Chief Executive Officer of Cenntro Electric Group “With the merging behind us as well as cash money of $250 million, we are well placed to develop our European operating center in Dusseldorf, Germany and also setting up plant in Jacksonville, Florida, which will considerably boost setting up, sales and after-market service capabilities for operations.

“Additionally, the brand-new resources likewise enables Cenntro to broaden our monitoring team, core U.S. operations, board of supervisors and calculated experts to sustain as well as manage our rapid development. I am equally excited concerning our progression already in 2022 based upon the interest we obtained at CES 2022 after introducing Cenntro’s iChassis skateboard for last mile delivery and also community services.

“Lastly, we are undergoing many initiatives consisting of a re-branding of our public materials, brand-new corporate administration, the appointment of critical experts and investor relationships to communicate with key stakeholders and brand-new investors. We expect reviewing all those initiatives and turning points throughout our teleconference in April 2022 discussing our financial 2021 monetary outcomes,” ended Wang.

Regarding Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV innovation business with advanced, market-validated electric business vehicles. Cenntro plans to lead the transformation in the automobile industry with scalable, decentralized manufacturing and also completely digitalized independent driving services equipped by the Cenntro iChassis. Cenntro has actually created and also supplied over 3,600 commercial EVs in more than 26 nations. To find out more regarding the firm, please go to www.cenntroauto.com.