Cenntro Receives Order in European Market for Delivery of 200 Special Edition Logistar® 450P All-Electric Vans
Cenntro (NASDAQ: CENN) has secured an order for 200 special edition Logistar® 450P electric passenger vans from Spanish vehicle provider QEV Technologies. The company has received a 30% deposit for the first 47 units, scheduled for delivery in Q1 2025.
The LS450P model, jointly developed by QEV and Cenntro, has obtained European Union M2 Type Approval, enabling its use for short-distance shuttle services and public transportation. This positions the vehicle as a potential breakthrough offering in the European market.
The LS450P is the latest addition to Cenntro's Logistar LS450 model variations, designed to provide versatile, eco-friendly transportation solutions. The company anticipates growing demand for purpose-built electric vehicles as governments and businesses pursue sustainable transportation options.
Cenntro (NASDAQ: CENN) ha ottenuto un ordine per 200 furgoni passeggeri elettrici in edizione speciale Logistar® 450P dal fornitore di veicoli spagnolo QEV Technologies. L'azienda ha ricevuto un deposito del 30% per i primi 47 veicoli, programmati per la consegna nel primo trimestre del 2025.
Il modello LS450P, sviluppato congiuntamente da QEV e Cenntro, ha ottenuto l'Approvals di Tipo M2 dell'Unione Europea, permettendone l'uso per servizi navetta a breve distanza e trasporti pubblici. Questo colloca il veicolo come un potenziale prodotto innovativo nel mercato europeo.
Il LS450P è l'ultima aggiunta alle varianti del modello Logistar LS450 di Cenntro, progettato per fornire soluzioni di trasporto versatili ed ecologiche. L'azienda prevede un aumento della domanda di veicoli elettrici progettati su misura mentre governi e imprese perseguono opzioni di trasporto sostenibile.
Cenntro (NASDAQ: CENN) ha asegurado un pedido de 200 furgones de pasajeros eléctricos de edición especial Logistar® 450P del proveedor de vehículos español QEV Technologies. La empresa ha recibido un depósito del 30% por las primeras 47 unidades, programadas para entrega en el primer trimestre de 2025.
El modelo LS450P, desarrollado conjuntamente por QEV y Cenntro, ha obtenido la Aprobación de Tipo M2 de la Unión Europea, que permite su uso para servicios de transporte y lanzaderas de corta distancia. Esto posiciona al vehículo como una posible oferta innovadora en el mercado europeo.
El LS450P es la última adición a las variaciones del modelo Logistar LS450 de Cenntro, diseñado para proporcionar soluciones de transporte versátiles y ecológicas. La empresa anticipa una creciente demanda de vehículos eléctricos diseñados específicamente, a medida que los gobiernos y las empresas buscan opciones de transporte sostenibles.
센트로 (NASDAQ: CENN)는 스페인 차량 공급업체 QEV 테크놀로지스로부터 200대의 특별판 로지스타® 450P 전기 승합차 주문을 확보했습니다. 이 회사는 첫 47대에 대해 30%의 계약금을 받았으며, 배송은 2025년 1분기로 예정되어 있습니다.
QEV와 센트로가 공동 개발한 LS450P 모델은 유럽연합 M2 유형 승인을 받아 단거리 셔틀 서비스 및 대중교통에 사용될 수 있게 되었습니다. 이는 이 차량을 유럽 시장에서 잠재적인 혁신 제품으로 자리매김하게 합니다.
LS450P는 센트로의 로지스타 LS450 모델 변형에 최신 추가된 모델로, 다목적이고 친환경적인 교통 솔루션을 제공하도록 설계되었습니다. 이 회사는 정부와 기업들이 지속 가능한 교통 방안을 추구하면서 맞춤형 전기차에 대한 수요가 증가할 것으로 예상하고 있습니다.
Cenntro (NASDAQ: CENN) a obtenu une commande de 200 fourgonnettes passagers électriques en édition spéciale Logistar® 450P auprès du fournisseur de véhicules espagnol QEV Technologies. L'entreprise a reçu un acompte de 30 % pour les 47 premières unités, dont la livraison est prévue au premier trimestre 2025.
Le modèle LS450P, développé conjointement par QEV et Cenntro, a obtenu l'Approbation de Type M2 de l'Union européenne, permettant son utilisation pour des services de navette à courte distance et le transport public. Cela positionne le véhicule comme une offre potentielle révolutionnaire sur le marché européen.
Le LS450P est la dernière addition aux variantes du modèle Logistar LS450 de Cenntro, conçu pour offrir des solutions de transport polyvalentes et écologiques. L'entreprise prévoit une demande croissante de véhicules électriques spécialement conçus, alors que les gouvernements et les entreprises recherchent des options de transport durables.
Cenntro (NASDAQ: CENN) hat einen Auftrag über 200 Sonderausgaben Logistar® 450P Elektro-Personenbusse von dem spanischen Fahrzeuganbieter QEV Technologies erhalten. Das Unternehmen hat eine Anzahlung von 30% für die ersten 47 Einheiten erhalten, die für die Lieferung im ersten Quartal 2025 vorgesehen sind.
Das LS450P-Modell, das gemeinsam von QEV und Cenntro entwickelt wurde, hat die EU-Zulassung für Typ M2 erhalten, was seine Verwendung für kurze Shuttle-Dienste und den öffentlichen Verkehr ermöglicht. Dies positioniert das Fahrzeug als potenzielles Durchbruchangebot auf dem europäischen Markt.
Der LS450P ist die neueste Ergänzung der Logistar LS450-Modellvarianten von Cenntro, die darauf ausgelegt sind, vielseitige und umweltfreundliche Transportlösungen zu bieten. Das Unternehmen erwartet eine wachsende Nachfrage nach speziell entwickelten Elektrofahrzeugen, da Regierungen und Unternehmen nachhaltige Transportoptionen anstreben.
- Secured order for 200 special edition LS450P electric vans
- Received 30% deposit for first 47 units
- Obtained European Union M2 Type Approval for passenger transportation
- Delivery timeline extends to Q1 2025, indicating delayed revenue recognition
Insights
The order of 200 Logistar® 450P vans represents a notable commercial milestone for Cenntro, particularly given its current market cap of just
The European M2 Type Approval certification is particularly valuable, as it opens up the lucrative public transportation and shuttle service markets. This strategic positioning in the EU commercial EV space could lead to follow-on orders, especially as European cities accelerate their transition to zero-emission vehicles. For a small-cap company like Cenntro, securing orders of this magnitude is important for demonstrating commercial viability and potentially attracting larger institutional investors.
The LS450P's entry into the European passenger transport segment is strategically timed. The EU's push toward zero-emission zones in urban areas and stringent emissions regulations creates a robust market for electric shuttle vehicles. QEV Technologies' commitment with a substantial upfront deposit indicates strong confidence in the product's market fit.
The joint development approach with QEV is particularly noteworthy - it reduces market entry barriers and provides localized expertise. The M2 Type Approval is a significant technical achievement, as European certification standards are among the most demanding globally. This approval could accelerate fleet adoption, as it eliminates regulatory uncertainty for potential buyers.
Logistar®450P (Photo: Business Wire)
Cenntro has secured a
“The LS450P represents an exciting milestone in Cenntro's mission to provide innovative, sustainable transportation solutions,” said Peter Wang, Chairman and CEO of Cenntro. “We are thrilled to collaborate with QEV Technologies on this project and to bring a versatile, eco-friendly solution to European markets.”
The LS450P model is the latest addition to Cenntro's Logistar LS450 model variations. We believe this enhanced passenger transportation application delivers a more versatile and capable solution for a variety of applications while demonstrating Cenntro’s commitment to advancing electric vehicle technology.
Cenntro is confident that the demand for purpose-built electric vehicles, like the LS450 series with LS450P available in EU markets, will continue to grow as governments and businesses across the globe seek sustainable transportation solutions.
About QEV Technologies, S. L.
QEV is a public company trading on Euronext Amsterdam stock exchanges. QEV Technologies has over 20 years of experience in the field of electric mobility and the development of competition and road vehicles. It is committed to the R&D&I of the electric vehicle of the future.
About Cenntro
Cenntro (NASDAQ: CENN) is a maker and provider of electric commercial vehicles (“ECVs”). Cenntro's purpose-built ECVs are designed to serve a variety of commercial applications inclusive of its line of class 1 to class 4 trucks. Cenntro is building a globalized supply-chain, as well as the manufacturing, distribution, and service capabilities for its innovative and reliable products. Cenntro continues to evolve its products capabilities through advanced battery, powertrain, and smart driving technologies. 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20250114455368/en/
Investor Relations Contact:
Chris Tyson
MZ North America
CENN@mzgroup.us
949-491-8235
Company Contact:
PR@cenntroauto.com
IR@cenntroauto.com
Source: Cenntro Inc.
FAQ
How many Logistar 450P electric vans did Cenntro (CENN) secure orders for in 2024?
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What type of certification has Cenntro (CENN) received for the Logistar 450P in Europe?
What deposit has Cenntro (CENN) received for the Logistar 450P order?
