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Cenntro Electric Group Attains Document Manufacturing Landmark of 1,623 Electric Commercial Autos in 2021

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

Firm Finishes Fiscal 2021 with $250 Million in Cash Money, No Financial Obligation as well as Financial Strength to Support Development of its European Operating Facility in Dusseldorf, Germany as well as New Setting Up Plant in Jacksonville, Florida

NASDAQ:NAKD, a leading EV modern technology firm with sophisticated, market-validated electrical commercial lorries, announced today that it accomplished a document production turning point of 1,623 electric commercial vehicles (ECV) for 2021 as well as experienced its highest possible volume month of 628 ECV’s generated and also delivered in December 2021.

The Firm also announced the introduction of 4 new lorry designs during fiscal 2021 as well as has actually gotten desirable responses from its European as well as American channel companions and consumers.

Cenntro’s product profile consists of Course 1– Class 4 vehicles in addition to off-road offerings and also, through its channel companion network, it currently distributes vehicles in over 26 nations to target consumers, which include company fleets (i.e., energies companies), tool and little business (i.e., tiny processing centers, farms, solar ranches, hotels, planned areas, and so on), along with both state and also federal government fleets.

Cenntro has created as well as supplied over 3,600 industrial electric cars since 2017 and its scalable, decentralized production design permits it to expand manufacturing without much of the connected facilities costs using its property light producing model. The business plans to scale production in the initial quarter of 2022, with new centers both in Jacksonville, Florida and Dusseldorf, Germany.

” Today’s landmark success demonstrates that Cenntro is promptly coming to be a substantial player in the electrical industrial car market,” said Peter Wang, Chairman and Ceo of Cenntro Electric Group “With the merger behind us as well as cash money of $250 million, we are well placed to develop our European operating facility in Dusseldorf, Germany and assembly plant in Jacksonville, Florida, which will substantially raise assembly, sales and also after-market solution capabilities for operations.

“Additionally, the new funding likewise enables Cenntro to expand our administration group, core U.S. procedures, board of directors and calculated experts to sustain as well as handle our quick growth. I am just as thrilled regarding our development currently in 2022 based on the passion we received at CES 2022 after unveiling Cenntro’s iChassis skateboard for last mile shipment and metropolitan solutions.

“Finally, we are undergoing many initiatives including a re-branding of our public products, brand-new business administration, the appointment of calculated consultants and capitalist connections to communicate with key stakeholders and also brand-new financiers. We look forward to reviewing all those campaigns and milestones throughout our teleconference in April 2022 reviewing our monetary 2021 monetary results,” concluded Wang.

Regarding Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV modern technology firm with innovative, market-validated electrical business cars. Cenntro intends to lead the makeover in the auto industry via scalable, decentralized manufacturing and also completely digitalized independent driving remedies empowered by the Cenntro iChassis. Cenntro has actually produced and delivered over 3,600 industrial EVs in greater than 26 countries. To find out more concerning the firm, please browse through www.cenntroauto.com.