628 ECV’s Generated in December 2021 Represents Highest Quantity in a Single Month
Business Finishes Fiscal 2021 with $250 Million in Cash, No Financial Obligation as well as Financial Toughness to Assistance Expansion of its European Operating Facility in Dusseldorf, Germany and New Setting Up Plant in Jacksonville, Florida
Cenntro Electric Group Limited, a leading EV innovation company with advanced, market-validated electrical business cars, introduced today that it achieved a document production landmark of 1,623 electrical industrial vehicles (ECV) for 2021 as well as experienced its highest quantity month of 628 ECV’s created as well as shipped in December 2021.
The Business also introduced the introduction of 4 new automobile designs throughout monetary 2021 and has actually obtained desirable reactions from its European as well as American channel companions and also customers.
Cenntro’s item profile consists of Class 1– Course 4 vehicles in addition to off-road offerings as well as, with its channel companion network, it currently distributes cars in over 26 nations to target customers, that include company fleets (i.e., utilities firms), medium and also little business (i.e., small processing facilities, farms, solar farms, hotels, intended neighborhoods, etc), along with both state and also federal government fleets.
Cenntro has actually generated and delivered over 3,600 business electric cars considering that 2017 and also its scalable, decentralized manufacturing version permits it to grow manufacturing without a lot of the associated facilities costs utilizing its possession light producing model. The firm plans to range production in the initial quarter of 2022, with brand-new centers both in Jacksonville, Florida as well as Dusseldorf, Germany.
” Today’s landmark achievement shows that Cenntro is swiftly becoming a considerable gamer in the electrical industrial vehicle 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 placed to develop our European operating facility in Dusseldorf, Germany and setting up plant in Jacksonville, Florida, which will significantly enhance assembly, sales and also after-market solution abilities for procedures.
“In addition, the brand-new funding also allows Cenntro to broaden our administration group, core U.S. operations, board of supervisors and also critical consultants to support and handle our rapid development. I am just as delighted concerning our progression currently in 2022 based upon the interest we obtained at CES 2022 after unveiling Cenntro’s iChassis skateboard for last mile distribution and also community services.
“Ultimately, we are going through lots of campaigns including a re-branding of our public products, brand-new corporate governance, the consultation of critical consultants as well as capitalist relationships to interact with vital stakeholders and also new capitalists. We eagerly anticipate reviewing all those initiatives as well as landmarks during our teleconference in April 2022 reviewing our fiscal 2021 economic outcomes,” concluded Wang.
About Cenntro Electric Group.
Cenntro Electric Group (NASDAQ: CENN) is a leading EV modern technology business with advanced, market-validated electrical business vehicles. Cenntro plans to lead the improvement in the vehicle industry through scalable, decentralized manufacturing as well as totally digitalized independent driving options empowered by the Cenntro iChassis. Cenntro has actually generated and delivered over 3,600 industrial EVs in more than 26 nations. For more information regarding the business, please go to www.cenntroauto.com.