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Cenntro Electric Group Accomplishes Document Manufacturing Milestone of 1,623 Electric Commercial Autos in 2021

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

Business Finishes Fiscal 2021 with $250 Million in Money, No Financial Debt and also Financial Strength to Support Growth of its European Operating Center in Dusseldorf, Germany as well as New Assembly Plant in Jacksonville, Florida

NASDAQ:NAKD, a leading EV technology company with sophisticated, market-validated electric industrial lorries, introduced today that it attained a record production landmark of 1,623 electrical industrial automobiles (ECV) for 2021 and experienced its highest possible volume month of 628 ECV’s produced and shipped in December 2021.

The Business also announced the intro of four new vehicle designs throughout fiscal 2021 and has actually obtained positive reactions from its European and American network partners and also customers.

Cenntro’s product portfolio consists of Class 1– Course 4 automobiles along with off-road offerings and also, with its channel companion network, it presently distributes automobiles in over 26 nations to target clients, which include company fleets (i.e., utilities firms), tool and little companies (i.e., little handling centers, ranches, solar farms, resorts, prepared communities, and so on), as well as both state as well as federal government fleets.

Cenntro has created as well as supplied over 3,600 commercial electric lorries considering that 2017 and its scalable, decentralized manufacturing version permits it to grow manufacturing without most of the associated framework expenses using its property light making design. The firm intends to scale manufacturing in the initial quarter of 2022, via brand-new centers both in Jacksonville, Florida and also Dusseldorf, Germany.

” Today’s landmark achievement shows that Cenntro is swiftly ending up being a considerable gamer in the electrical industrial vehicle market,” said Peter Wang, Chairman and also Ceo of Cenntro Electric Group “With the merger behind us and cash money of $250 million, we are well positioned to build up our European operating facility in Dusseldorf, Germany and also setting up plant in Jacksonville, Florida, which will considerably enhance assembly, sales and also after-market solution capacities for procedures.

“In addition, the brand-new funding likewise permits Cenntro to increase our administration group, core united state operations, board of directors and also tactical experts to sustain and manage our fast growth. I am similarly excited concerning our progression already in 2022 based upon the interest we obtained at CES 2022 after introducing Cenntro’s iChassis skateboard for last mile distribution and municipal solutions.

“Finally, we are undertaking numerous efforts consisting of a re-branding of our public products, new business administration, the visit of tactical consultants as well as capitalist relationships to interact with vital stakeholders as well as new financiers. We anticipate evaluating all those campaigns and milestones throughout our conference call in April 2022 discussing our monetary 2021 financial results,” concluded Wang.

About Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV innovation firm with advanced, market-validated electrical industrial cars. Cenntro prepares to lead the improvement in the automotive market via scalable, decentralized manufacturing as well as fully digitalized self-governing driving services equipped by the Cenntro iChassis. Cenntro has actually produced and supplied over 3,600 business EVs in more than 26 nations. For more details concerning the business, please check out www.cenntroauto.com.

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