628 ECV’s Created in December 2021 Represents Highest Quantity in a Single Month
Business Finishes Fiscal 2021 with $250 Million in Cash Money, No Debt and also Financial Strength to Support Expansion of its European Operating Facility in Dusseldorf, Germany and also New Setting Up Plant in Jacksonville, Florida
NASDAQ: CENN, a leading EV technology company with sophisticated, market-validated electrical commercial automobiles, revealed today that it accomplished a record manufacturing landmark of 1,623 electric industrial lorries (ECV) for 2021 as well as experienced its highest possible quantity month of 628 ECV’s produced and shipped in December 2021.
The Company additionally introduced the introduction of four new automobile designs during fiscal 2021 as well as has gotten favorable reactions from its European as well as American network companions and also clients.
Cenntro’s product portfolio includes Course 1– Course 4 cars along with off-road offerings as well as, with its channel companion network, it presently disperses cars in over 26 nations to target clients, which include company fleets (i.e., energies business), tool and tiny firms (i.e., little handling centers, ranches, solar farms, hotels, planned areas, and so on), as well as both state as well as federal government fleets.
Cenntro has generated and provided over 3,600 industrial electrical vehicles considering that 2017 and also its scalable, decentralized production model allows it to grow production without many of the associated framework expenses using its asset light producing version. The company intends to scale production in the first quarter of 2022, with new facilities both in Jacksonville, Florida and Dusseldorf, Germany.
” Today’s turning point success demonstrates that Cenntro is promptly ending up being a significant player in the electrical commercial vehicle market,” stated Peter Wang, Chairman and also Ceo of Cenntro Electric Group “With the merging behind us as well as cash of $250 million, we are well positioned to develop our European operating center in Dusseldorf, Germany and setting up plant in Jacksonville, Florida, which will dramatically raise assembly, sales as well as after-market service capacities for procedures.
“Additionally, the new funding likewise permits Cenntro to broaden our management group, core U.S. operations, board of directors and also tactical advisors to support and also handle our fast growth. I am similarly thrilled concerning our progression currently in 2022 based on the passion we got at CES 2022 after unveiling Cenntro’s iChassis skateboard for last mile delivery and community services.
“Finally, we are going through many efforts consisting of a re-branding of our public materials, brand-new company administration, the appointment of critical advisors and also financier relations to interact with key stakeholders as well as brand-new financiers. We expect examining all those campaigns and landmarks during our conference call in April 2022 discussing our fiscal 2021 economic results,” concluded Wang.
Concerning Cenntro Electric Group.
Cenntro Electric Group (NASDAQ: CENN) is a leading EV innovation company with innovative, market-validated electrical business automobiles. Cenntro prepares to lead the makeover in the vehicle industry via scalable, decentralized production and also completely digitalized self-governing driving options equipped by the Cenntro iChassis. Cenntro has generated as well as supplied over 3,600 business EVs in more than 26 countries. For more information concerning the firm, please check out www.cenntroauto.com.