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Cenntro Electric Group Accomplishes Record Production 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 Cash Money, No Financial Obligation and also Financial Stamina to Support Development of its European Operating Facility in Dusseldorf, Germany and New Assembly Plant in Jacksonville, Florida

NASDAQ: CENN, a leading EV innovation business with advanced, market-validated electric industrial automobiles, revealed today that it attained a document manufacturing landmark of 1,623 electrical industrial vehicles (ECV) for 2021 and also experienced its highest volume month of 628 ECV’s produced as well as shipped in December 2021.

The Business additionally introduced the intro of four new automobile designs during fiscal 2021 and has received beneficial reactions from its European as well as American network companions and also clients.

Cenntro’s product profile consists of Course 1– Course 4 lorries along with off-road offerings and, with its channel companion network, it presently distributes lorries in over 26 nations to target consumers, that include business fleets (i.e., utilities firms), tool as well as little business (i.e., tiny processing centers, ranches, solar farms, resorts, prepared areas, etc), as well as both state as well as federal government fleets.

Cenntro has produced and also provided over 3,600 business electric cars considering that 2017 as well as its scalable, decentralized manufacturing version enables it to expand manufacturing without most of the linked facilities prices using its possession light making model. The company plans to scale manufacturing in the first quarter of 2022, through new facilities both in Jacksonville, Florida as well as Dusseldorf, Germany.

” Today’s turning point success demonstrates that Cenntro is quickly coming to be a considerable player in the electrical commercial vehicle market,” said Peter Wang, Chairman and also President of Cenntro Electric Group “With the merger behind us and also money of $250 million, we are well positioned to develop our European operating center in Dusseldorf, Germany as well as assembly plant in Jacksonville, Florida, which will substantially increase assembly, sales and also after-market service abilities for operations.

“Furthermore, the brand-new capital likewise allows Cenntro to increase our management group, core united state procedures, board of directors and calculated experts to sustain and also manage our fast growth. I am equally delighted about our development currently in 2022 based on the passion we got at CES 2022 after revealing Cenntro’s iChassis skateboard for last mile delivery and community services.

“Ultimately, we are undertaking lots of efforts including a re-branding of our public products, brand-new company governance, the appointment of calculated consultants and also financier connections to connect with vital stakeholders as well as brand-new capitalists. We expect reviewing all those efforts as well as milestones during our conference call in April 2022 reviewing our monetary 2021 economic outcomes,” concluded Wang.

Concerning Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV technology business with sophisticated, market-validated electric industrial lorries. Cenntro prepares to lead the makeover in the automotive market through scalable, decentralized manufacturing and also fully digitalized self-governing driving remedies equipped by the Cenntro iChassis. Cenntro has actually generated and also supplied over 3,600 industrial EVs in greater than 26 nations. For additional information about the firm, please browse through www.cenntroauto.com.