Cenntro Electric Group Attains Document Production Landmark of 1,623 Electric Commercial Automobiles in 2021

628 ECV’s Generated in December 2021 Represents Highest Quantity in a Solitary Month

Company Finishes Fiscal 2021 with $250 Million in Money, No Financial Debt and Financial Strength to Assistance Expansion of its European Operating Center in Dusseldorf, Germany as well as New Setting Up Plant in Jacksonville, Florida

NASDAQ:NAKD, a leading EV innovation firm with advanced, market-validated electrical commercial automobiles, announced today that it attained a record production landmark of 1,623 electric business lorries (ECV) for 2021 and experienced its highest possible quantity month of 628 ECV’s produced as well as shipped in December 2021.

The Company also revealed the intro of 4 brand-new automobile models during financial 2021 and has actually received beneficial reactions from its European and American network partners and also clients.

Cenntro’s item portfolio includes Class 1– Class 4 vehicles along with off-road offerings as well as, via its network partner network, it presently disperses automobiles in over 26 nations to target clients, that include business fleets (i.e., energies firms), tool and tiny firms (i.e., tiny processing facilities, farms, solar ranches, hotels, prepared communities, and so on), in addition to both state as well as federal government fleets.

Cenntro has actually created as well as delivered over 3,600 commercial electric lorries since 2017 and also its scalable, decentralized manufacturing design enables it to grow production without most of the linked infrastructure expenses utilizing its asset light making version. The company plans to scale production in the very first quarter of 2022, with new facilities both in Jacksonville, Florida as well as Dusseldorf, Germany.

” Today’s turning point achievement shows that Cenntro is rapidly ending up being a considerable gamer in the electric business vehicle market,” stated Peter Wang, Chairman and President of Cenntro Electric Group “With the merger behind us and money of $250 million, we are well positioned to develop our European operating facility in Dusseldorf, Germany and setting up plant in Jacksonville, Florida, which will substantially raise setting up, sales as well as after-market service abilities for operations.

“In addition, the new funding likewise allows Cenntro to broaden our monitoring group, core U.S. operations, board of supervisors and also tactical advisors to support and handle our quick development. I am equally thrilled concerning our progression currently in 2022 based on the interest we got at CES 2022 after unveiling Cenntro’s iChassis skateboard for last mile distribution and also community services.

“Finally, we are undertaking many campaigns including a re-branding of our public materials, brand-new corporate administration, the visit of critical experts and also investor connections to communicate with crucial stakeholders and brand-new capitalists. We anticipate reviewing all those efforts and milestones throughout our conference call in April 2022 discussing our fiscal 2021 economic outcomes,” concluded Wang.

Regarding Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV modern technology firm with sophisticated, market-validated electric business cars. Cenntro prepares to lead the transformation in the vehicle industry via scalable, decentralized manufacturing and totally digitalized independent driving remedies encouraged by the Cenntro iChassis. Cenntro has actually generated and also provided over 3,600 commercial EVs in more than 26 countries. For more details concerning the business, please go to www.cenntroauto.com.