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 Development of its European Operating Center in Dusseldorf, Germany and also New Assembly Plant in Jacksonville, Florida

NASDAQ:NAKD, a leading EV technology company with innovative, market-validated electrical business automobiles, introduced today that it attained a record production landmark of 1,623 electrical industrial vehicles (ECV) for 2021 and also experienced its greatest volume month of 628 ECV’s generated and shipped in December 2021.

The Firm additionally introduced the intro of four brand-new vehicle designs during financial 2021 and has actually gotten beneficial responses from its European and American network companions as well as clients.

Cenntro’s item portfolio consists of Course 1– Course 4 cars along with off-road offerings and, with its network companion network, it currently disperses automobiles in over 26 countries to target clients, which include business fleets (i.e., utilities companies), tool and tiny business (i.e., little handling centers, farms, solar farms, resorts, intended areas, etc), along with both state and federal government fleets.

Cenntro has produced as well as supplied over 3,600 commercial electric vehicles considering that 2017 and also its scalable, decentralized manufacturing design allows it to grow manufacturing without much of the connected framework prices utilizing its possession light producing design. The business plans to scale production in the first quarter of 2022, through new facilities both in Jacksonville, Florida and also Dusseldorf, Germany.

” Today’s turning point success demonstrates that Cenntro is rapidly coming to be a substantial gamer in the electrical business car market,” said 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 develop our European operating center in Dusseldorf, Germany as well as assembly plant in Jacksonville, Florida, which will substantially boost assembly, sales and also after-market service capabilities for procedures.

“In addition, the brand-new resources additionally permits Cenntro to expand our administration group, core U.S. operations, board of directors as well as critical consultants to sustain and handle our quick development. I am just as thrilled regarding our progression currently in 2022 based upon the rate of interest we got at CES 2022 after introducing Cenntro’s iChassis skateboard for last mile shipment and also municipal services.

“Finally, we are going through many initiatives consisting of a re-branding of our public materials, brand-new corporate governance, the appointment of tactical advisors and also financier relations to connect with crucial stakeholders and also brand-new financiers. We expect examining all those campaigns and turning points during our conference call in April 2022 reviewing our monetary 2021 monetary results,” wrapped up Wang.

Regarding Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV technology business with advanced, market-validated electric commercial lorries. Cenntro intends to lead the transformation in the auto sector via scalable, decentralized manufacturing and fully digitalized independent driving options empowered by the Cenntro iChassis. Cenntro has produced and also provided over 3,600 business EVs in more than 26 nations. To find out more concerning the firm, please visit www.cenntroauto.com.

Cenntro Electric Group Achieves Document Production Landmark of 1,623 Electric Commercial Cars in 2021