628 ECV’s Produced in December 2021 Represents Highest Quantity in a Single Month
Firm Finishes Fiscal 2021 with $250 Million in Money, No Debt and Financial Strength to Assistance Growth of its European Operating Facility in Dusseldorf, Germany as well as New Assembly Plant in Jacksonville, Florida
Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV modern technology company with sophisticated, market-validated electric business cars, announced today that it achieved a document manufacturing landmark of 1,623 electrical industrial cars (ECV) for 2021 as well as experienced its highest possible volume month of 628 ECV’s created as well as delivered in December 2021.
The Business likewise introduced the intro of 4 brand-new lorry models during monetary 2021 as well as has actually obtained beneficial reactions from its European as well as American channel companions and consumers.
Cenntro’s item profile includes Course 1– Course 4 cars along with off-road offerings and also, with its network partner network, it presently disperses automobiles in over 26 countries to target customers, which include corporate fleets (i.e., utilities firms), medium and also tiny business (i.e., little processing centers, ranches, solar ranches, resorts, intended communities, etc), as well as both state as well as federal government fleets.
Cenntro has actually produced as well as provided over 3,600 business electric cars since 2017 and its scalable, decentralized production model permits it to grow production without much of the linked facilities expenses utilizing its asset light making model. The business intends to scale production in the first quarter of 2022, through new facilities both in Jacksonville, Florida and Dusseldorf, Germany.
” Today’s turning point accomplishment shows that Cenntro is quickly ending up being a significant player in the electrical industrial car market,” stated Peter Wang, Chairman and also President 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 center in Dusseldorf, Germany as well as assembly plant in Jacksonville, Florida, which will substantially enhance setting up, sales as well as after-market service abilities for operations.
“Furthermore, the new capital also permits Cenntro to broaden our monitoring team, core united state procedures, board of supervisors and also calculated experts to sustain and manage our fast development. I am similarly excited about our progression already in 2022 based upon the passion we got at CES 2022 after revealing Cenntro’s iChassis skateboard for last mile delivery and municipal solutions.
“Finally, we are undergoing lots of campaigns consisting of a re-branding of our public products, new company administration, the appointment of strategic experts as well as capitalist relationships to connect with crucial stakeholders and new financiers. We look forward to evaluating all those campaigns and milestones throughout our conference call in April 2022 reviewing our monetary 2021 economic outcomes,” wrapped up Wang.
Concerning Cenntro Electric Group.
Cenntro Electric Group (NASDAQ: CENN) is a leading EV modern technology firm with advanced, market-validated electrical commercial automobiles. Cenntro prepares to lead the transformation in the automobile market via scalable, decentralized production and fully digitalized self-governing driving solutions empowered by the Cenntro iChassis. Cenntro has generated as well as provided over 3,600 commercial EVs in more than 26 nations. To learn more concerning the firm, please check out www.cenntroauto.com.