628 ECV’s Produced in December 2021 Represents Highest Volume in a Single Month
Company Finishes Fiscal 2021 with $250 Million in Money, No Financial Obligation and also Financial Stamina to Assistance Growth of its European Operating Facility in Dusseldorf, Germany and also New Assembly Plant in Jacksonville, Florida
Cenntro Electric Group Limited (NASDAQ:NAKD), a leading EV technology company with innovative, market-validated electric commercial automobiles, announced today that it accomplished a record manufacturing turning point of 1,623 electric commercial automobiles (ECV) for 2021 as well as experienced its greatest volume month of 628 ECV’s generated and shipped in December 2021.
The Business additionally revealed the introduction of four brand-new lorry designs throughout monetary 2021 and also has gotten beneficial responses from its European as well as American network partners and also customers.
Cenntro’s item profile consists of Course 1– Course 4 automobiles in addition to off-road offerings and, via its network companion network, it currently disperses vehicles in over 26 countries to target clients, which include corporate fleets (i.e., utilities firms), medium as well as little firms (i.e., small processing centers, farms, solar ranches, resorts, intended areas, and so on), in addition to both state and federal government fleets.
Cenntro has produced and also supplied over 3,600 commercial electric lorries given that 2017 and also its scalable, decentralized production version permits it to grow manufacturing without much of the linked infrastructure prices utilizing its asset light making model. The firm prepares to range manufacturing in the very first quarter of 2022, with brand-new facilities both in Jacksonville, Florida and also Dusseldorf, Germany.
” Today’s milestone achievement demonstrates that Cenntro is quickly ending up being a significant player in the electric business automobile market,” said Peter Wang, Chairman and Chief Executive Officer of Cenntro Electric Group “With the merging behind us as well as cash money of $250 million, we are well placed to build up our European operating center in Dusseldorf, Germany as well as assembly plant in Jacksonville, Florida, which will significantly enhance setting up, sales as well as after-market service abilities for procedures.
“In addition, the new capital additionally permits Cenntro to expand our administration group, core united state procedures, board of supervisors and tactical consultants to support as well as manage our fast growth. I am equally delighted regarding our progress already in 2022 based upon the passion we got at CES 2022 after introducing Cenntro’s iChassis skateboard for last mile delivery as well as municipal solutions.
“Ultimately, we are going through several efforts including a re-branding of our public products, brand-new business administration, the appointment of calculated consultants and also financier connections to interact with key stakeholders as well as new financiers. We look forward to reviewing all those campaigns as well as milestones during our conference call in April 2022 reviewing our financial 2021 monetary results,” wrapped up Wang.
Concerning Cenntro Electric Group.
Cenntro Electric Group (NASDAQ: CENN) is a leading EV technology company with innovative, market-validated electric industrial lorries. Cenntro intends to lead the makeover in the automotive market with scalable, decentralized manufacturing as well as fully digitalized self-governing driving options empowered by the Cenntro iChassis. Cenntro has actually generated and delivered over 3,600 business EVs in more than 26 nations. For additional information about the company, please browse through www.cenntroauto.com.
