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

Business Finishes Fiscal 2021 with $250 Million in Money, No Debt as well as Financial Strength to Support Development of its European Operating Facility in Dusseldorf, Germany and New Setting Up Plant in Jacksonville, Florida

NASDAQ: CENN, a leading EV innovation business with innovative, market-validated electrical business vehicles, revealed today that it achieved a document manufacturing turning point of 1,623 electrical commercial cars (ECV) for 2021 and also experienced its highest volume month of 628 ECV’s produced and delivered in December 2021.

The Firm likewise revealed the intro of four new car versions during monetary 2021 as well as has obtained favorable reactions from its European as well as American network companions and consumers.

Cenntro’s product profile consists of Class 1– Course 4 vehicles along with off-road offerings as well as, with its channel companion network, it currently distributes lorries in over 26 nations to target customers, which include corporate fleets (i.e., utilities firms), medium and tiny firms (i.e., small processing centers, ranches, solar ranches, resorts, intended communities, etc), as well as both state as well as federal government fleets.

Cenntro has actually created and also provided over 3,600 commercial electrical automobiles since 2017 as well as its scalable, decentralized production design permits it to expand production without a lot of the connected framework prices utilizing its possession light making design. The company plans to range production in the first quarter of 2022, with brand-new centers both in Jacksonville, Florida as well as Dusseldorf, Germany.

” Today’s landmark success demonstrates that Cenntro is quickly coming to be a substantial gamer in the electrical industrial automobile market,” claimed 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 positioned to accumulate our European operating facility in Dusseldorf, Germany as well as assembly plant in Jacksonville, Florida, which will substantially enhance assembly, sales as well as after-market service abilities for procedures.

“Moreover, the new resources also allows Cenntro to expand our management group, core U.S. procedures, board of supervisors as well as critical advisors to support and also manage our rapid development. I am equally delighted regarding our progress already in 2022 based on the interest we obtained at CES 2022 after unveiling Cenntro’s iChassis skateboard for last mile shipment and also metropolitan services.

“Finally, we are going through numerous efforts consisting of a re-branding of our public products, new business administration, the appointment of strategic consultants and also investor connections to interact with key stakeholders and also new investors. We look forward to examining all those campaigns and turning points during our conference call in April 2022 reviewing our fiscal 2021 economic results,” ended Wang.

Concerning Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV innovation business with sophisticated, market-validated electric business automobiles. Cenntro intends to lead the improvement in the automobile sector via scalable, decentralized production and also totally digitalized self-governing driving options empowered by the Cenntro iChassis. Cenntro has actually created as well as delivered over 3,600 business EVs in more than 26 nations. For additional information about the firm, please browse through www.cenntroauto.com.