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Cenntro Electric Group to Unveil Logimax 864 Hydrogen Powered Semi Tractor at CES

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Cenntro Electric Group Limited (NASDAQ: CENN) will unveil its Logimax H864, a hydrogen-powered Class 8 Semi Tractor, at the 2023 CES in Las Vegas from January 5-8. This marks Cenntro's first hydrogen fuel cell vehicle and heavy-duty truck. Weighing 25 tons, the LMH864 is suitable for short- and long-haul applications, utilizing sustainable hydrogen fuel cells to produce only water as a byproduct. Expected availability is in Q3 2023 in North America and Europe, catering to the demand for zero-emission logistics.

Positive
  • Introduction of the Logimax H864 hydrogen-powered Class 8 truck, diversifying product lineup.
  • Expected operational range and refueling time comparable to diesel trucks, enhancing competitiveness.
  • Sustainable hydrogen fuel cells with minimal environmental impact.
Negative
  • None.

Class 8 Zero Emission Vehicle to be Showcased Along with Complete All-Electric Commercial Product Line

FREEHOLD, N.J.--(BUSINESS WIRE)-- Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV and alternative fuel technology company with advanced, market-validated electric commercial vehicles, will unveil the Logimax H864 (“LMH864”), a hydrogen powered Class 8 Semi Tractor, at the upcoming 2023 Consumer Electronics Show (CES®), taking place January 5-8, 2023 in Las Vegas.

Cenntro Logimax 864 Hydrogen Powered Semi Tractor (Photo: Business Wire)

Cenntro Logimax 864 Hydrogen Powered Semi Tractor (Photo: Business Wire)

The LMH864 is a 6x4 semi-tractor, representing Cenntro’s first entry into hydrogen fuel cells and first heavy-duty truck. The LMH864 has a total weight of 25 tons and is designed for short- and long-haul applications. The semi-tractor’s electric motors are fully powered by high-efficiency sustainable hydrogen fuel cells with eight 210-liter banks that convert hydrogen into electric power by combining it with oxygen, producing only water as byproduct. The LMH864 will be available in 3Q of 2023 and will launch in North America and Europe initially.

“Beyond our focus on electric powered commercial vehicle lines, we believe that hydrogen fuel cell technology is the best application for heavy duty logistics as it offers longer ranges and faster refueling,” said Peter Wang, Chairman and CEO. “The LMH864 has an operational range and refueling time comparable to many diesel trucks making it suitable for longer distances and heavy, energy-demanding responsibilities in areas where battery charging is limited. The LMH864 will allow Cenntro to provide customers with additional choices for zero emissions in a sustainable vehicle. We look forward to introducing the vehicle to CES attendees along with our full line of electric vehicles.”

The LMH864 will take center-stage at Cenntro’s exhibit in Booth 5840 in the West Hall where Cenntro will display its complete All Electric Commercial product line. The exhibit will include the full Logistar line which features the versatile, compact cargo van, the LS100, the multi-purpose LS200 available in van or box truck configurations, the segment defining LS260 van and the Class 4 LS400 purpose-built for last mile delivery and urban services.

For more information or to request a booth meeting, please contact: ir@cenntroauto.com

About Cenntro Electric

Cenntro Electric Group Ltd. (or "Cenntro") (NASDAQ: CENN) is a leading designer and manufacturer of electric light and medium-duty commercial vehicles. Cenntro's purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery, and other commercial applications. Cenntro has committed to lead the transformation of commercial fleets to zero-emissions vehicles and develop a full line of zero-emission commercial vehicles through scalable, decentralized production, and smart driving solutions empowered by the Cenntro iChassis. For more information, please visit Cenntro's website at: www.cenntroauto.com.

Forward-Looking Statements

This communication contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. Such statements may be, but need not be, identified by words such as "may,'' "believe,'' "anticipate,'' "could,'' "should,'' "intend,'' "plan,'' "will,'' "aim(s),'' "can,'' "would,'' "expect(s),'' "estimate(s),'' "project(s),'' "forecast(s)'', "positioned,'' "approximately,'' "potential,'' "goal,'' "strategy,'' "outlook'' and similar expressions. Examples of forward-looking statements include, among other things, statements regarding assembly and distribution capabilities, decentralized production, and fully digitalized autonomous driving solutions. All such forward-looking statements are based on management's current beliefs, expectations and assumptions, and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied in this communication. For additional risks and uncertainties that could impact Cenntro’s forward-looking statements, please see disclosures contained in Cenntro's public filings with the SEC, including the "Risk Factors" in Cenntro's Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022 and which may be viewed at www.sec.gov.

Investor Relations Contact:

Chris Tyson

MZ North America

CENN@mzgroup.us

949-491-8235

Company Contact:

PR@cenntroauto.com

IR@cenntroauto.com

Source: Cenntro Electric Group Limited

FAQ

What is the Logimax H864 showcased by Cenntro Electric Group?

The Logimax H864 is a hydrogen-powered Class 8 Semi Tractor introduced by Cenntro Electric Group at CES 2023.

When will the Logimax H864 be available for purchase?

The Logimax H864 is expected to be available in Q3 2023 in North America and Europe.

What are the benefits of the Logimax H864 compared to traditional trucks?

The LMH864 offers longer operational ranges and faster refueling times, making it suitable for heavy-duty logistics.

Where can I see Cenntro Electric's products at CES 2023?

Cenntro Electric will showcase its products, including the LMH864, at Booth 5840 in the West Hall of CES 2023.

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