628 ECV’s Created in December 2021 Represents Highest Volume in a Solitary Month
Firm Finishes Fiscal 2021 with $250 Million in Cash, No Financial Debt as well as Financial Strength to Support Development of its European Operating Facility in Dusseldorf, Germany and New Assembly Plant in Jacksonville, Florida
Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV modern technology business with advanced, market-validated electric commercial lorries, introduced today that it attained a record manufacturing landmark of 1,623 electrical industrial cars (ECV) for 2021 and also experienced its highest volume month of 628 ECV’s created as well as delivered in December 2021.
The Company additionally introduced the introduction of 4 new vehicle designs throughout financial 2021 as well as has actually received positive responses from its European and American network partners as well as clients.
Cenntro’s product portfolio includes Course 1– Course 4 cars in addition to off-road offerings and also, via its channel partner network, it presently distributes vehicles in over 26 countries to target customers, that include corporate fleets (i.e., utilities firms), medium and also tiny firms (i.e., little processing facilities, ranches, solar farms, resorts, planned areas, and so on), in addition to both state and also federal government fleets.
Cenntro has actually produced and also supplied over 3,600 commercial electrical automobiles considering that 2017 and also its scalable, decentralized production design allows it to expand production without most of the connected infrastructure costs utilizing its property light making model. The firm plans to scale production in the initial quarter of 2022, through brand-new facilities both in Jacksonville, Florida and also Dusseldorf, Germany.
” Today’s milestone accomplishment shows that Cenntro is swiftly becoming a substantial gamer in the electric industrial lorry market,” claimed Peter Wang, Chairman as well as President of Cenntro Electric Group “With the merging behind us as well as money of $250 million, we are well placed to build up our European operating center in Dusseldorf, Germany and setting up plant in Jacksonville, Florida, which will significantly raise assembly, sales and also after-market solution abilities for procedures.
“In addition, the brand-new resources additionally enables Cenntro to expand our monitoring team, core united state operations, board of directors and also critical advisors to sustain and also handle our quick development. I am just as thrilled regarding our progress already 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 metropolitan services.
“Ultimately, we are undertaking many campaigns including a re-branding of our public materials, new company governance, the appointment of tactical advisors as well as capitalist relations to interact with crucial stakeholders and also new investors. We eagerly anticipate evaluating all those campaigns as well as landmarks during our teleconference in April 2022 discussing our fiscal 2021 monetary outcomes,” concluded Wang.
Concerning Cenntro Electric Group.
Cenntro Electric Group (NASDAQ: CENN) is a leading EV innovation business with sophisticated, market-validated electrical commercial vehicles. Cenntro plans to lead the makeover in the vehicle sector with scalable, decentralized manufacturing as well as completely digitalized autonomous driving solutions empowered by the Cenntro iChassis. Cenntro has produced and also supplied over 3,600 business EVs in greater than 26 nations. For more details regarding the business, please check out www.cenntroauto.com.