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Cenntro’s Logistar 400 All Electric Commercial Vehicle Completes EPA Tests
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Cenntro Electric Group Limited (NASDAQ: CENN) has announced a significant milestone with its All Electric Class 4 Logistar 400 (LS400) model completing EPA tests. This achievement moves the LS400 closer to customer sales in the United States. The LS400 is designed for urban and suburban duty cycles, targeting last-mile delivery and vocational services. Cenntro's Chairman and CEO, Peter Wang, emphasized that this completion is a critical step in the homologation process, paving the way for customer deliveries.
Positive
Completion of EPA testing for LS400 enhances market readiness.
Targeting urban and suburban markets with LS400 supports last-mile delivery.
LS400's design aligns with customer needs for robust duty cycles.
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None.
FREEHOLD, N.J.--(BUSINESS WIRE)--
Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that its All Electric Class 4 Logistar 400 (“LS400”) model has completed its EPA tests, a significant milestone that moves the LS400 closer to registration and customer sales in United States. The All Electric Class 4 LS 400, one of Cenntro’s main products, is purpose built for robust duty cycles of urban and suburban use and can support a wide range of payloads and applications.
“The completion of the LS400’s EPA testing standard is a critical milestone and validates that the LS400 can effectively meet the duty cycles of our target customers providing last mile delivery and vocational services in urban and suburban areas,“ said Peter Wang, Cenntro Chairman and CEO. “Completing the EPA range test is a significant step in the homologation process and places us one step closer to delivering the LS400 to customers,” concluded Wang.
About Cenntro Electric Group
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 plans to lead the transformation in the automotive industry through scalable, decentralized production, and smart driving solutions empowered by the Cenntro iChassis. As of December 31, 2021, Cenntro has sold or put into service more than 3,700 vehicles in over 25 countries across North America, Europe, and Asia. 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.
What recent milestone did Cenntro Electric Group achieve with its LS400 model?
Cenntro Electric Group announced the completion of EPA tests for its All Electric Class 4 Logistar 400 (LS400), moving it closer to registration and customer sales.
Why is the completion of EPA tests significant for CENN?
The completion of EPA tests is a critical milestone that validates the LS400's capabilities and enhances its readiness for the market, boosting potential sales.
What is the target market for Cenntro's LS400 electric vehicle?
The LS400 is designed for urban and suburban duty cycles, specifically targeting last-mile delivery and vocational services.
How many vehicles has Cenntro sold or put into service?
As of December 31, 2021, Cenntro has sold or put into service over 3,700 vehicles across more than 25 countries.
