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

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

Firm Finishes Fiscal 2021 with $250 Million in Cash, No Debt and Financial Toughness to Support Development of its European Operating Center in Dusseldorf, Germany and New Setting Up Plant in Jacksonville, Florida

NASDAQ:NAKD, a leading EV innovation company with innovative, market-validated electrical commercial automobiles, introduced today that it achieved a record manufacturing turning point of 1,623 electrical business cars (ECV) for 2021 and also experienced its highest quantity month of 628 ECV’s created and also delivered in December 2021.

The Firm likewise revealed the intro of four new automobile designs during fiscal 2021 and also has actually received positive reactions from its European as well as American channel partners and also clients.

Cenntro’s item profile consists of Class 1– Course 4 lorries in addition to off-road offerings as well as, via its channel companion network, it currently distributes automobiles in over 26 nations to target clients, that include corporate fleets (i.e., energies firms), tool as well as tiny firms (i.e., tiny handling centers, farms, solar farms, resorts, intended areas, etc), in addition to both state as well as federal government fleets.

Cenntro has created as well as supplied over 3,600 commercial electrical lorries considering that 2017 as well as its scalable, decentralized manufacturing model allows it to expand production without much of the linked framework prices using its possession light manufacturing version. The company plans to range production in the initial quarter of 2022, via new facilities both in Jacksonville, Florida and also Dusseldorf, Germany.

” Today’s milestone accomplishment shows that Cenntro is promptly ending up being a significant player in the electrical business vehicle market,” claimed Peter Wang, Chairman and also Ceo of Cenntro Electric Group “With the merging behind us as well as cash money of $250 million, we are well placed to build up our European operating facility in Dusseldorf, Germany and also assembly plant in Jacksonville, Florida, which will dramatically boost assembly, sales and also after-market service capabilities for procedures.

“In addition, the brand-new funding additionally allows Cenntro to expand our administration group, core united state procedures, board of supervisors and calculated experts to support and handle our fast development. I am just as excited concerning our progress currently in 2022 based on the passion we obtained at CES 2022 after revealing Cenntro’s iChassis skateboard for last mile shipment and also community services.

“Finally, we are going through lots of efforts consisting of a re-branding of our public materials, new corporate governance, the consultation of critical consultants and financier relationships to connect with crucial stakeholders and also brand-new investors. We eagerly anticipate assessing all those campaigns as well as landmarks throughout our teleconference in April 2022 reviewing our fiscal 2021 economic results,” concluded Wang.

Regarding Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV modern technology firm with sophisticated, market-validated electrical business vehicles. Cenntro intends to lead the improvement in the vehicle industry with scalable, decentralized production and completely digitalized self-governing driving solutions empowered by the Cenntro iChassis. Cenntro has actually created and also supplied over 3,600 business EVs in more than 26 countries. To learn more about the business, please visit www.cenntroauto.com.