Cenntro Electric Group Attains Record Production Landmark of 1,623 Electric Commercial Automobiles in 2021

628 ECV’s Produced in December 2021 Represents Highest Quantity in a Single Month

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

Cenntro Electric Group Limited (NASDAQ:NAKD), a leading EV technology company with innovative, market-validated electric business automobiles, announced today that it achieved a document production landmark of 1,623 electric industrial automobiles (ECV) for 2021 and also experienced its greatest quantity month of 628 ECV’s created as well as delivered in December 2021.

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

Cenntro’s product portfolio includes Class 1– Course 4 lorries in addition to off-road offerings and, through its network partner network, it currently disperses automobiles in over 26 nations to target customers, which include business fleets (i.e., utilities companies), medium and also little companies (i.e., tiny processing facilities, farms, solar farms, resorts, intended communities, and so on), along with both state and also federal government fleets.

Cenntro has generated and supplied over 3,600 industrial electrical automobiles because 2017 as well as its scalable, decentralized production design enables it to expand production without many of the associated framework expenses utilizing its asset light making design. The firm plans to range manufacturing in the initial quarter of 2022, via new facilities both in Jacksonville, Florida and Dusseldorf, Germany.

” Today’s milestone achievement demonstrates that Cenntro is quickly becoming a substantial gamer in the electric commercial automobile market,” claimed Peter Wang, Chairman and also Ceo of Cenntro Electric Group “With the merging behind us as well as 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 significantly enhance setting up, sales and also after-market solution capabilities for procedures.

“Moreover, the brand-new capital additionally enables Cenntro to broaden our monitoring team, core U.S. operations, board of directors and also tactical experts to support and also handle our rapid growth. I am similarly thrilled concerning our progress currently in 2022 based upon the rate of interest we got at CES 2022 after revealing Cenntro’s iChassis skateboard for last mile delivery and also community services.

“Finally, we are going through several campaigns consisting of a re-branding of our public materials, new corporate governance, the appointment of tactical advisors and also capitalist relations to connect with vital stakeholders and new capitalists. We expect evaluating all those campaigns and turning points during our teleconference in April 2022 discussing our financial 2021 economic results,” ended Wang.

Regarding Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV innovation company with innovative, market-validated electrical business cars. Cenntro intends to lead the improvement in the automobile market via scalable, decentralized manufacturing as well as totally digitalized independent driving services empowered by the Cenntro iChassis. Cenntro has produced and also delivered over 3,600 industrial EVs in greater than 26 nations. For more information regarding the business, please browse through www.cenntroauto.com.