Cenntro Electric Group Achieves Record Production Milestone of 1,623 Electric Commercial Vehicles in 2021

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

Business Finishes Fiscal 2021 with $250 Million in Cash Money, No Financial Obligation and Financial Stamina to Support Development of its European Operating Center in Dusseldorf, Germany and New Assembly Plant in Jacksonville, Florida

NASDAQ: CENN, a leading EV technology business with innovative, market-validated electric commercial vehicles, introduced today that it accomplished a record manufacturing landmark of 1,623 electric business vehicles (ECV) for 2021 and experienced its highest possible quantity month of 628 ECV’s created as well as delivered in December 2021.

The Firm also revealed the introduction of four new car versions during monetary 2021 as well as has actually received favorable responses from its European as well as American network partners and also consumers.

Cenntro’s item profile consists of Class 1– Class 4 automobiles along with off-road offerings and, with its network partner network, it currently distributes vehicles in over 26 nations to target clients, which include company fleets (i.e., utilities business), medium as well as small firms (i.e., little processing centers, farms, solar farms, hotels, prepared communities, and so on), along with both state as well as federal government fleets.

Cenntro has actually generated and supplied over 3,600 commercial electrical cars considering that 2017 and also its scalable, decentralized production design enables it to expand manufacturing without a lot of the connected infrastructure expenses using its possession light producing design. The firm plans to range production in the first quarter of 2022, with brand-new facilities both in Jacksonville, Florida and Dusseldorf, Germany.

” Today’s landmark achievement demonstrates that Cenntro is rapidly becoming a considerable gamer in the electrical commercial lorry market,” claimed Peter Wang, Chairman as well as Ceo of Cenntro Electric Group “With the merging behind us and money of $250 million, we are well placed to accumulate our European operating facility in Dusseldorf, Germany and also assembly plant in Jacksonville, Florida, which will considerably raise assembly, sales and also after-market service capacities for operations.

“Additionally, the new resources also allows Cenntro to expand our management team, core U.S. procedures, board of directors and critical consultants to support and also manage our rapid development. I am similarly delighted about our progression currently in 2022 based upon the passion we obtained at CES 2022 after unveiling Cenntro’s iChassis skateboard for last mile shipment and local solutions.

“Lastly, we are undertaking many campaigns consisting of a re-branding of our public products, new business administration, the visit of critical advisors and also capitalist relationships to communicate with crucial stakeholders and also new financiers. We anticipate assessing all those initiatives and also landmarks during our teleconference in April 2022 discussing our financial 2021 financial results,” wrapped up Wang.

About Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV modern technology firm with advanced, market-validated electrical business lorries. Cenntro plans to lead the makeover in the automotive sector via scalable, decentralized production as well as completely digitalized self-governing driving solutions equipped by the Cenntro iChassis. Cenntro has generated as well as provided over 3,600 industrial EVs in greater than 26 countries. For more details concerning the firm, please see www.cenntroauto.com.

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