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

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

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

NASDAQ:NAKD, a leading EV technology company with innovative, market-validated electrical industrial lorries, announced today that it accomplished a document manufacturing milestone of 1,623 electric business vehicles (ECV) for 2021 and also experienced its greatest quantity month of 628 ECV’s created and shipped in December 2021.

The Firm additionally introduced the intro of 4 brand-new lorry versions during fiscal 2021 and also has actually received beneficial responses from its European as well as American channel companions and customers.

Cenntro’s product profile consists of Course 1– Class 4 cars in addition to off-road offerings as well as, via its network companion network, it presently disperses automobiles in over 26 countries to target customers, that include business fleets (i.e., energies companies), medium and also tiny firms (i.e., small processing facilities, ranches, solar ranches, resorts, prepared communities, and so on), as well as both state as well as federal government fleets.

Cenntro has actually produced and supplied over 3,600 industrial electric automobiles because 2017 and its scalable, decentralized production design permits it to grow manufacturing without a number of the linked infrastructure expenses utilizing its possession light producing version. The business prepares to range production in the very first quarter of 2022, with new facilities both in Jacksonville, Florida as well as Dusseldorf, Germany.

” Today’s milestone success demonstrates that Cenntro is quickly ending up being a significant gamer in the electric industrial vehicle market,” claimed Peter Wang, Chairman and also Chief Executive Officer of Cenntro Electric Group “With the merger behind us as well as cash of $250 million, we are well positioned to develop our European operating facility in Dusseldorf, Germany as well as setting up plant in Jacksonville, Florida, which will dramatically raise setting up, sales and after-market solution abilities for procedures.

“Additionally, the brand-new resources likewise permits Cenntro to expand our administration group, core united state procedures, board of supervisors and calculated consultants to support and also handle our fast development. I am equally thrilled regarding our progress currently in 2022 based on the passion we obtained at CES 2022 after introducing Cenntro’s iChassis skateboard for last mile shipment as well as municipal services.

“Finally, we are undertaking several campaigns including a re-branding of our public products, new company administration, the visit of tactical advisors and also financier relationships to interact with essential stakeholders and also new investors. We anticipate examining all those campaigns and milestones throughout our teleconference in April 2022 reviewing our monetary 2021 economic outcomes,” concluded Wang.

Concerning Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV technology firm with innovative, market-validated electrical industrial cars. Cenntro prepares to lead the change in the automotive market with scalable, decentralized production and totally digitalized autonomous driving services equipped by the Cenntro iChassis. Cenntro has generated and also provided over 3,600 industrial EVs in more than 26 nations. For additional information regarding the firm, please go to www.cenntroauto.com.

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