Cenntro Electric Group Attains Record Manufacturing Turning Point of 1,623 Electric Commercial Autos in 2021

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

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

Cenntro Electric Group Limited, a leading EV modern technology firm with innovative, market-validated electric commercial lorries, introduced today that it attained a document manufacturing landmark of 1,623 electrical commercial cars (ECV) for 2021 and experienced its highest possible quantity month of 628 ECV’s created as well as delivered in December 2021.

The Firm likewise introduced the introduction of four new car models throughout financial 2021 and also has received beneficial responses from its European and also American network companions and clients.

Cenntro’s item portfolio includes Course 1– Class 4 automobiles along with off-road offerings and, with its channel companion network, it currently distributes cars in over 26 nations to target consumers, that include company fleets (i.e., energies companies), tool and tiny firms (i.e., tiny handling facilities, ranches, solar farms, hotels, intended communities, and so on), in addition to both state as well as federal government fleets.

Cenntro has generated and delivered over 3,600 business electrical automobiles considering that 2017 and also its scalable, decentralized production version permits it to grow manufacturing without a lot of the linked facilities expenses utilizing its property light producing design. The firm prepares to scale production in the initial quarter of 2022, through new facilities both in Jacksonville, Florida and also Dusseldorf, Germany.

” Today’s landmark success shows that Cenntro is swiftly ending up being a significant player in the electrical commercial automobile market,” stated Peter Wang, Chairman and President of Cenntro Electric Group “With the merger behind us and cash money of $250 million, we are well positioned to develop our European operating center in Dusseldorf, Germany as well as setting up plant in Jacksonville, Florida, which will dramatically enhance assembly, sales and after-market solution capabilities for operations.

“Additionally, the new funding also permits Cenntro to expand our administration group, core united state operations, board of directors and also strategic consultants to sustain and also handle our rapid development. I am similarly thrilled concerning our progression already in 2022 based upon the interest we obtained at CES 2022 after unveiling Cenntro’s iChassis skateboard for last mile distribution and community solutions.

“Ultimately, we are undergoing several campaigns including a re-branding of our public products, brand-new corporate governance, the visit of critical experts and also financier relationships to connect with crucial stakeholders and also brand-new financiers. We anticipate reviewing all those campaigns and also milestones throughout our teleconference in April 2022 reviewing our fiscal 2021 financial outcomes,” wrapped up Wang.

Regarding Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV innovation firm with sophisticated, market-validated electrical business cars. Cenntro prepares to lead the transformation in the auto sector with scalable, decentralized manufacturing as well as completely digitalized self-governing driving services empowered by the Cenntro iChassis. Cenntro has actually created and provided over 3,600 commercial EVs in more than 26 countries. To learn more regarding the firm, please go to www.cenntroauto.com.