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Cenntro Inc. - CENN STOCK NEWS

Welcome to our dedicated page for Cenntro news (Ticker: CENN), a resource for investors and traders seeking the latest updates and insights on Cenntro stock.

Cenntro Inc. (symbol: CENN) is a pioneering company in the realm of 100% electric vehicles, dedicated to designing, manufacturing, and distributing emission-free commercial vehicles. The company's operations span across the United States, Europe, and China, making it a global contender in the electric vehicle industry. Cenntro's flagship products include the Metro™, a lightweight and versatile all-electric commercial utility vehicle, as well as the Logistar 400, Logistar 200, Neibor 200, and ORV.

With an impressive fuel efficiency of over 200+ MPGe, Cenntro's vehicles are designed to meet the growing demand for eco-friendly transportation solutions. The company's commitment to sustainability and innovation has positioned it as a leader in the production of emission-free vehicles, catering to a variety of commercial needs.

Recent achievements include expanding its geographical reach and enhancing its technological capabilities to maintain a competitive edge. Cenntro Inc. continuously invests in research and development to improve the performance and efficiency of its vehicles, ensuring they meet the highest standards of quality and reliability. The company also engages in strategic partnerships to broaden its market presence and improve its service offerings.

Financially, Cenntro Inc. remains robust with steady growth in sales and an increasing market share in the electric vehicle sector. The company's focus on sustainable growth and operational excellence ensures a promising future for investors and stakeholders alike.

News

Cenntro Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

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Cenntro Inc. (CENN) reported impressive financial and operational results for Q4 2023, with net revenue up 376% to $8.6 million and vehicles sold increasing by 148% to 1,135. Despite an EBITDA loss, the company showcased growth in sales volume and revenue, expanding distribution and receiving certifications for European markets.
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Cenntro Electric Group Limited Announces Imminent Implementation of the Scheme of Arrangement

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Cenntro Electric Group Limited (CENN) announces the implementation of a scheme of arrangement to redomicile from Australia to the United States. HoldCo will acquire all issued ordinary shares of Cenntro on a 1:1 basis, with shares remaining tradable under the ticker symbol 'CENN' on Nasdaq.
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Cenntro Electric Group Limited Announces Approval of the Scheme of Arrangement by the Supreme Court of New South Wales

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Cenntro Electric Group Limited (NASDAQ: CENN) announces the approval of the proposed scheme of arrangement to re-domicile from Australia to the United States. The Supreme Court of New South Wales approved the scheme, making it legally effective. Eligible shareholders will receive one share of common stock in Cenntro Inc. for every one ordinary share held. Key milestones include the Record Date on February 22, 2024, and the Implementation Date on February 27, 2024.
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Cenntro Electric Group Announces Adjourned Second Court Hearing and Revised Scheme Timetable

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Cenntro Electric Group Limited (NASDAQ: CENN) is re-domiciling from Australia to the United States through a proposed scheme of arrangement. The Second Court Hearing to approve the Scheme has been adjourned to February 16, 2024, to allow Cenntro to prepare additional evidence on voting results.
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Cenntro Shareholders Vote in Favor of Proposed Scheme to Redomicile from Australia to the United States

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Cenntro Electric Group Limited (NASDAQ: CENN) announced that shareholders have voted in favor of the proposed redomiciliation from Australia to the United States. The Scheme remains subject to the approval of the Court at the hearing scheduled for February 14, 2024. If approved, the Scheme will be implemented on February 27, 2024.
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Cenntro Electric Group Provides Update Regarding Rescheduled Second Court Hearing and Scheme Timetable

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Cenntro Electric Group Limited (NASDAQ: CENN) is re-domiciling from Australia to the United States, becoming a subsidiary of Cenntro Inc. and is awaiting final voting results to proceed with the process. The Scheme Meeting for shareholders to consider the re-domiciliation has been approved, but there is a Tabulation Delay causing the Company to reschedule the Second Court Hearing.
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Cenntro Electric Group Encourages All Shareholders to Vote in Favor of Proposed Scheme Resolution to Redomicile from Australia to the United States

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Cenntro Electric Group Limited (NASDAQ: CENN) is urging shareholders to vote in favor of the proposed Scheme resolution at the special meeting on January 24, 2024, to redomicile from Australia to the United States. The company will become a wholly owned subsidiary of Cenntro Inc., a new U.S. company, as per the orders of the Supreme Court of New South Wales, Australia. The Scheme aims to comply with the Australian Corporations Act 2001 (Cth) and facilitate the redomiciliation process.
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Cenntro Electric Group Receives EU Compliance Certifications R155 and R156

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Cenntro Electric Group Limited (NASDAQ: CENN) has received cybersecurity and software update management certifications required for vehicle sales in the European Union, positioning the company to continue selling its electric commercial vehicles throughout the EU. The certifications address the growing technological complexity and interconnectedness of vehicles and are essential for OEMs to comply with new EU regulations. Cenntro's Chairman and CEO, Peter Wang, emphasized the critical nature of these certifications for the company's expansion in the European market and its commitment to meeting stringent requirements for vehicle sales.
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Cenntro Regains Compliance with Nasdaq Minimum Bid Price Rule

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Cenntro Electric Group Limited (NASDAQ: CENN) has regained compliance with Nasdaq Listing Rule 5550(a)(2) after the closing bid price of the company's common stock remained at $1.00 per share or greater for ten consecutive business days from December 8, 2023, to December 21, 2023. Cenntro is a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles.
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Cenntro Electric Group’s LS400 Approved for California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project

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Cenntro Electric Group Limited (NASDAQ: CENN) announced that its all-electric class 4 Logistar 400 received approval from the California Air Resources Board to participate in California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project, providing a $60,000 point-of-sale voucher for the Company’s customers. The approval is expected to drive sales in California and propel commercial fleet electrification across the US and worldwide.
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FAQ

What is the current stock price of Cenntro (CENN)?

The current stock price of Cenntro (CENN) is $1.06 as of December 20, 2024.

What is the market cap of Cenntro (CENN)?

The market cap of Cenntro (CENN) is approximately 32.4M.

What is Cenntro Inc. known for?

Cenntro Inc. is known for designing, manufacturing, and distributing 100% electric commercial vehicles.

What are some of Cenntro Inc.'s key products?

Key products include the Metro™, Logistar 400, Logistar 200, Neibor 200, and ORV.

Where does Cenntro Inc. operate?

Cenntro Inc. operates in the United States, Europe, and China.

How fuel-efficient are Cenntro Inc.'s vehicles?

Cenntro Inc.'s vehicles have an impressive fuel efficiency of over 200+ MPGe.

What sets Cenntro Inc. apart in the electric vehicle industry?

Cenntro Inc.'s commitment to sustainability, innovation, and high-quality manufacturing sets it apart in the electric vehicle industry.

How does Cenntro Inc. support its vehicles?

Cenntro Inc. provides comprehensive distribution and service support for its commercial vehicles.

What recent achievements has Cenntro Inc. made?

Recent achievements include geographic expansion and technological advancements in vehicle performance and efficiency.

What is the financial condition of Cenntro Inc.?

Cenntro Inc. has shown steady growth in sales and an increasing market share, ensuring a robust financial condition.

Does Cenntro Inc. engage in partnerships?

Yes, Cenntro Inc. engages in strategic partnerships to expand its market presence and improve service offerings.

What is the future outlook for Cenntro Inc.?

The future outlook for Cenntro Inc. is promising, with a focus on sustainable growth and operational excellence.

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Cenntro Inc.

Nasdaq:CENN

CENN Rankings

#5095 Ranked by Market Cap
N/A Ranked by Dividends

CENN Stock Data

32.41M
22.14M
28.28%
2.01%
1.8%
Auto Manufacturers
Motor Vehicles & Passenger Car Bodies
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United States of America
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