Cenntro Electric Group Achieves Document Production Landmark of 1,623 Electric Commercial Autos in 2021

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

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

Cenntro Electric Group Limited (NASDAQ:NAKD), a leading EV innovation business with innovative, market-validated electrical industrial vehicles, revealed today that it attained a record manufacturing milestone of 1,623 electrical business automobiles (ECV) for 2021 and experienced its highest quantity month of 628 ECV’s created as well as delivered in December 2021.

The Firm additionally announced the introduction of 4 new automobile designs throughout financial 2021 and has gotten desirable reactions from its European as well as American channel partners as well as customers.

Cenntro’s product portfolio consists of Class 1– Course 4 cars in addition to off-road offerings and, with its channel companion network, it presently distributes cars in over 26 nations to target consumers, which include company fleets (i.e., energies companies), medium and small companies (i.e., little processing facilities, farms, solar farms, resorts, intended communities, etc), along with both state and also federal government fleets.

Cenntro has actually produced as well as supplied over 3,600 business electrical vehicles because 2017 and also its scalable, decentralized manufacturing version enables it to expand production without much of the linked facilities costs using its property light producing design. The firm prepares to scale manufacturing in the first quarter of 2022, via brand-new facilities both in Jacksonville, Florida and also Dusseldorf, Germany.

” Today’s turning point success demonstrates that Cenntro is quickly coming to be a considerable player in the electrical industrial car market,” claimed Peter Wang, Chairman as well as Ceo of Cenntro Electric Group “With the merging behind us as well as money of $250 million, we are well placed to accumulate our European operating center in Dusseldorf, Germany and also assembly plant in Jacksonville, Florida, which will substantially increase assembly, sales as well as after-market solution abilities for procedures.

“Furthermore, the brand-new capital also permits Cenntro to expand our administration group, core united state procedures, board of supervisors as well as calculated experts to sustain as well as manage our fast development. I am just as delighted regarding our progress already in 2022 based on the passion we got at CES 2022 after revealing Cenntro’s iChassis skateboard for last mile distribution and community solutions.

“Lastly, we are undertaking many efforts including a re-branding of our public materials, brand-new business governance, the consultation of strategic experts and financier relations to connect with key stakeholders and brand-new financiers. We look forward to examining all those campaigns as well as milestones during our teleconference in April 2022 discussing our monetary 2021 financial outcomes,” wrapped up Wang.

Regarding Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV technology business with sophisticated, market-validated electric business vehicles. Cenntro prepares to lead the makeover in the automotive market with scalable, decentralized production and completely digitalized autonomous driving options empowered by the Cenntro iChassis. Cenntro has generated as well as delivered over 3,600 commercial EVs in more than 26 nations. For additional information regarding the business, please browse through www.cenntroauto.com.