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

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

Business Finishes Fiscal 2021 with $250 Million in Cash Money, No Debt and Financial Toughness to Assistance Expansion of its European Operating Facility in Dusseldorf, Germany and also New Setting Up Plant in Jacksonville, Florida

Cenntro Electric Group Limited¬†(NASDAQ:NAKD), a leading EV innovation business with innovative, market-validated electric commercial cars, revealed today that it achieved a record production landmark of 1,623 electrical commercial cars (ECV) for 2021 as well as experienced its highest possible quantity month of 628 ECV’s created as well as shipped in December 2021.

The Firm likewise announced the intro of 4 brand-new lorry designs throughout monetary 2021 and also has actually obtained desirable reactions from its European as well as American channel companions as well as consumers.

Cenntro’s product portfolio includes Class 1– Class 4 vehicles along with off-road offerings and, with its network companion network, it currently disperses vehicles in over 26 nations to target consumers, that include business fleets (i.e., energies business), tool and small business (i.e., small processing facilities, ranches, solar farms, resorts, prepared neighborhoods, etc), along with both state and federal government fleets.

Cenntro has actually generated and provided over 3,600 commercial electric automobiles given that 2017 as well as its scalable, decentralized manufacturing version enables it to expand production without many of the linked infrastructure prices utilizing its possession light manufacturing design. The firm prepares to range manufacturing in the first quarter of 2022, via new facilities both in Jacksonville, Florida as well as Dusseldorf, Germany.

” Today’s landmark success shows that Cenntro is promptly ending up being a substantial player in the electric industrial automobile market,” claimed Peter Wang, Chairman as well as Chief Executive Officer of Cenntro Electric Group “With the merger behind us as well as money of $250 million, we are well positioned to build up our European operating facility in Dusseldorf, Germany as well as setting up plant in Jacksonville, Florida, which will considerably increase assembly, sales as well as after-market service capabilities for operations.

“In addition, the brand-new funding likewise allows Cenntro to increase our administration group, core U.S. procedures, board of directors and also strategic experts to support as well as handle our rapid growth. I am equally delighted concerning our progress already in 2022 based on the rate of interest we obtained at CES 2022 after introducing Cenntro’s iChassis skateboard for last mile delivery and also local services.

“Ultimately, we are undertaking numerous initiatives including a re-branding of our public products, new business governance, the appointment of calculated advisors and also financier relations to connect with essential stakeholders and brand-new capitalists. We look forward to reviewing all those campaigns and also landmarks throughout our conference call in April 2022 discussing our fiscal 2021 economic results,” ended Wang.

Regarding Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV modern technology firm with advanced, market-validated electric industrial automobiles. Cenntro prepares to lead the change in the automotive sector via scalable, decentralized manufacturing and also totally digitalized independent driving services empowered by the Cenntro iChassis. Cenntro has generated and provided over 3,600 business EVs in more than 26 countries. For more details concerning the business, please browse through www.cenntroauto.com.