Cenntro Electric Group Accomplishes Document Production Milestone of 1,623 Electric Commercial Cars in 2021

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

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

Cenntro Electric Group Limited (NASDAQ:NAKD), a leading EV technology company with sophisticated, market-validated electrical industrial automobiles, introduced today that it accomplished a record production milestone of 1,623 electrical industrial cars (ECV) for 2021 and also experienced its highest possible volume month of 628 ECV’s generated and delivered in December 2021.

The Company likewise revealed the intro of 4 new vehicle designs during monetary 2021 and also has actually received positive responses from its European and also American channel companions as well as consumers.

Cenntro’s product portfolio includes Course 1– Class 4 automobiles in addition to off-road offerings as well as, through its network partner network, it presently distributes vehicles in over 26 nations to target consumers, that include corporate fleets (i.e., energies business), tool and also small companies (i.e., small handling facilities, ranches, solar farms, hotels, planned communities, etc), in addition to both state and also federal government fleets.

Cenntro has actually created and also delivered over 3,600 business electric vehicles considering that 2017 and also its scalable, decentralized manufacturing design permits it to expand production without many of the linked infrastructure prices using its possession light producing design. The company intends to scale production in the initial quarter of 2022, with brand-new facilities both in Jacksonville, Florida and also Dusseldorf, Germany.

” Today’s turning point achievement demonstrates that Cenntro is promptly ending up being a significant player in the electric commercial car market,” claimed Peter Wang, Chairman as well as Chief Executive Officer of Cenntro Electric Group “With the merging behind us as well as money of $250 million, we are well positioned to build up our European operating center in Dusseldorf, Germany and also assembly plant in Jacksonville, Florida, which will considerably raise assembly, sales and also after-market service capacities for procedures.

“In addition, the new resources also permits Cenntro to increase our administration team, core united state operations, board of supervisors and critical consultants to support as well as handle our rapid growth. I am similarly delighted about our progress already in 2022 based upon the interest we received at CES 2022 after introducing Cenntro’s iChassis skateboard for last mile shipment and community services.

“Lastly, we are going through several efforts including a re-branding of our public products, new corporate administration, the appointment of calculated experts and financier relationships to connect with essential stakeholders and also new financiers. We eagerly anticipate assessing all those campaigns and also landmarks during our teleconference in April 2022 reviewing our monetary 2021 economic results,” concluded Wang.

About Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV technology business with advanced, market-validated electric commercial cars. Cenntro prepares to lead the makeover in the automobile sector via scalable, decentralized production and also fully digitalized autonomous driving options equipped by the Cenntro iChassis. Cenntro has generated and supplied over 3,600 commercial EVs in more than 26 countries. To find out more concerning the business, please check out www.cenntroauto.com.

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