628 ECV’s Generated in December 2021 Represents Highest Volume in a Solitary Month
Company Finishes Fiscal 2021 with $250 Million in Money, No Financial Obligation and also Financial Stamina to Support Growth of its European Operating Facility in Dusseldorf, Germany and New Setting Up Plant in Jacksonville, Florida
Cenntro Electric Group Limited (NASDAQ:NAKD), a leading EV innovation firm with advanced, market-validated electrical industrial vehicles, introduced today that it accomplished a record production landmark of 1,623 electric industrial cars (ECV) for 2021 and also experienced its highest possible quantity month of 628 ECV’s created as well as shipped in December 2021.
The Company also revealed the intro of four brand-new automobile models throughout monetary 2021 and has actually obtained favorable responses from its European and American network partners and also clients.
Cenntro’s product profile consists of Course 1– Class 4 lorries in addition to off-road offerings and also, through its channel companion network, it presently distributes cars in over 26 nations to target clients, that include company fleets (i.e., utilities firms), tool as well as tiny companies (i.e., small handling centers, ranches, solar ranches, resorts, planned neighborhoods, etc), in addition to both state as well as federal government fleets.
Cenntro has generated and supplied over 3,600 industrial electric cars considering that 2017 and its scalable, decentralized production version allows it to grow production without most of the linked infrastructure costs utilizing its property light making model. The company intends to scale production in the very first quarter of 2022, through new facilities both in Jacksonville, Florida and Dusseldorf, Germany.
” Today’s milestone achievement demonstrates that Cenntro is rapidly ending up being a considerable gamer in the electric business automobile market,” claimed Peter Wang, Chairman as well as Chief Executive Officer of Cenntro Electric Group “With the merging behind us and money of $250 million, we are well placed to build up our European operating center in Dusseldorf, Germany and setting up plant in Jacksonville, Florida, which will considerably increase setting up, sales as well as after-market service capacities for procedures.
“Additionally, the new funding also allows Cenntro to expand our administration team, core U.S. procedures, board of directors and also tactical consultants to support and manage our fast growth. I am similarly excited concerning our progression already in 2022 based upon the interest we got at CES 2022 after revealing Cenntro’s iChassis skateboard for last mile delivery as well as local solutions.
“Ultimately, we are undergoing lots of campaigns consisting of a re-branding of our public products, brand-new business administration, the consultation of critical consultants as well as financier connections to connect with crucial stakeholders and also new investors. We eagerly anticipate examining all those initiatives and also landmarks during our conference call in April 2022 reviewing our financial 2021 economic results,” concluded Wang.
Concerning Cenntro Electric Group.
Cenntro Electric Group (NASDAQ: CENN) is a leading EV modern technology company with sophisticated, market-validated electrical business vehicles. Cenntro intends to lead the makeover in the auto market via scalable, decentralized manufacturing as well as fully digitalized autonomous driving remedies encouraged by the Cenntro iChassis. Cenntro has produced and also delivered over 3,600 business EVs in greater than 26 countries. For additional information concerning the business, please go to www.cenntroauto.com.
