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Cenntro - 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.

Overview

Cenntro Inc (CENN) is a comprehensive automotive corporation that designs, manufactures, distributes, and services a range of commercial electric vehicles. With a clear commitment to sustainability, automotive innovation, and emission-free technology, Cenntro stands out as a notable enterprise in the electric vehicles segment. The company leverages its expertise in engineering and cutting-edge technology to deliver vehicles that achieve exceptional fuel efficiency, marked by impressive MPGe ratings, and are crafted entirely in the United States while extending its operations to Europe and Asia.

Product Portfolio

Cenntro offers an extensive lineup of commercial vehicles tailored to diverse business needs. Its versatile product family includes:

  • Metro: A lightweight, all-electric commercial utility vehicle designed to offer flexibility in urban delivery and service applications.
  • Logistar Series: A range of vehicles engineered for logistics and transportation, prioritizing efficiency and reliability.
  • Neibor and ORV: Specialized vehicles that combine robust design with high energy efficiency, catering to niche commercial segments.

Each category is crafted to meet specific operational requirements, positioning Cenntro as a multifaceted provider in the electric commercial vehicle market.

Business Model and Operations

The company's business model centers on the end-to-end lifecycle of commercial vehicles. From advanced engineering and research to state-of-the-art manufacturing, and subsequent distribution and service, Cenntro integrates every operational facet necessary to deliver high-quality, sustainable transportation solutions. By focusing on direct sales, fleet management, and comprehensive after-sales service, Cenntro ensures reliability and customer satisfaction in every market segment it serves.

Global Footprint and Market Position

Cenntro's operations span multiple continents, with primary markets in America, Europe, and Asia. This multinational presence not only diversifies its market risk but also allows the company to tap into region-specific demands for electric and emission-free mobility solutions. Its expansion across diverse geographical segments demonstrates an adept understanding of global auto industry trends and regulatory environments, positioning it as a significant contributor to the broader movement toward sustainable transportation.

Technological Innovation and Industry Impact

Cenntro remains committed to continual improvement through technological innovation. Utilizing advanced materials, sophisticated engine designs, and unparalleled manufacturing processes, the company pushes the boundaries of what is achievable in electric propulsion. Its vehicles are engineered with a focus on durability, high performance, and long-term energy efficiency, making them viable alternatives to traditional internal combustion engine vehicles. This emphasis on R&D and innovation solidifies Cenntro’s reputation within the automotive sector and fosters a sense of trust and reliability among its customers and partners.

Competitive Landscape

Operating in the rapidly evolving electric vehicle market, Cenntro encounters stiff competition from both established automotive giants and emerging niche players. However, Cenntro differentiates itself by centering its operations on fully electric commercial vehicles that provide superior efficiency and lower operating costs. Its strategic integration across research, manufacturing, and after-sales services creates a cohesive ecosystem that reinforces its competitive edge. Moreover, the company’s geographic diversity spreads risk while capturing localized market trends and regulatory support for electric vehicles.

Commitment to Quality and Customer Service

At the heart of Cenntro’s expertise is a rigorous commitment to quality, operational excellence, and customer satisfaction. The company’s holistic approach—from vehicle design and quality manufacturing to after-sales support—demonstrates a high level of operational integrity and dedication to meeting the precise needs of commercial fleet operators. Its customer-centric model not only emphasizes safety and reliability but also reinforces its long-term value proposition within the automotive landscape.

Conclusion

In summary, Cenntro Inc merges innovative electric vehicle technology with a robust operational framework to deliver emission-free commercial vehicles that address the current environmental and economic challenges of the automotive industry. The company’s holistic approach, diversified product range, and global market presence make it a key reference point for understanding the trajectory of sustainable transportation. Investors and industry analysts alike can appreciate the detailed operational insights and technology-led innovations that define Cenntro’s standing in an increasingly competitive market.

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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 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 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 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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Cenntro Electric Group Limited (NASDAQ: CENN) is re-domiciling from Australia to the United States, becoming a wholly owned subsidiary of Cenntro Inc. The Scheme Meeting is scheduled for January 24, 2024, at 4:00pm EST.
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Cenntro Electric Group Limited (NASDAQ: CENN) has delivered over 250 autonomous delivery vehicles to Zelos (Suzhou) Technology Co., Ltd. in China. The vehicles, powered by Cenntro’s iChassis technology and platform, are equipped with autonomous driving software developed by Zelos, allowing them to navigate traffic in real time and meet the demands of urban delivery.
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Cenntro Electric Group Limited (NASDAQ: CENN) has announced a 1-for-10 reverse stock split to regain compliance with the Nasdaq Listing Rule 5550(a)(2). The reverse stock split will reduce the number of outstanding shares from approximately 304,449,091 to approximately 30,444,910 shares, plus any shares to be issued in exchange for fractional interests. The new CUSIP number for the common stock following the reverse stock split will be Q6519V146. The reverse stock split will not alter any stockholder’s percentage of ownership interest in the Company, except to the extent that it results in fractional shares. All options, warrants, shares issuable upon conversion of the Company’s preferred stock, and stock awards will be adjusted in accordance with their terms. The Company’s transfer agent, Continental Stock Transfer & Trust Company, will provide instructions to stockholders of record regarding the exchange of stock certificates, as applicable. Stockholders who hold their shares in brokerage accounts or “street name” are not required to take any action to effect the exchange of their shares and should direct any questions concerning the reverse stock split to their broker.
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Cenntro Electric Group Limited (NASDAQ: CENN) has postponed the planned reverse split of its outstanding common stock due to pending confirmation of Depository Trust and Clearing Corporation ('DTCC') eligibility. The purpose of the reverse stock split is to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2) by December 18, 2023. The reverse stock split will reduce the number of shares of common stock issued and outstanding from approximately 304,449,091 shares to approximately 30,444,910 shares, plus any shares to be issued in exchange for fractional interests. The new CUSIP number for the common stock following the reverse stock split will be Q6519V146.
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Cenntro Electric Group Limited (NASDAQ: CENN) announced a 1-for-10 reverse stock split of its outstanding common stock to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2) by the December 18, 2023 deadline. The reverse stock split will reduce the number of shares of common stock issued and outstanding from approximately 304,449,091 shares to approximately 30,444,910 shares. The Company's common stock will continue to trade under the symbol 'CENN'.
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Cenntro Electric Group Limited (NASDAQ: CENN) announced a 175% increase in net revenue to $5.8 million in Q3 2023, driven by a 326% rise in vehicle sales. The average selling price increased by 15.7% to approximately $19.2 thousand, and the gross profit margin improved to 12.4% from a loss of -30.3%. The company's CEO highlighted the positive sales momentum and expansion of the vehicle lineup, with a focus on the US and European markets. The CFO emphasized the increase in net revenue, average selling price, and cash and cash equivalents, indicating cautious optimism for continued growth in Q4 2023.
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FAQ

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

The current stock price of Cenntro (CENN) is $0.81 as of April 9, 2025.

What is the market cap of Cenntro (CENN)?

The market cap of Cenntro (CENN) is approximately 21.9M.

What is Cenntro Inc's primary business focus?

Cenntro Inc is focused on designing, manufacturing, distributing, and servicing 100% electric commercial vehicles. Its product portfolio caters to various commercial and logistics needs through innovative, emission-free technology.

Which markets does Cenntro operate in?

Cenntro operates in key geographical segments including America, Europe, and Asia. This diversified approach enables the company to adapt to different market demands and regulatory environments.

What types of vehicles does Cenntro offer?

The company offers a broad range of commercial vehicles including versatile utility vehicles like the Metro, and specialized models such as the Logistar and Neibor series. These vehicles are engineered to meet specific operational and efficiency requirements.

How does Cenntro differentiate itself from its competitors?

Cenntro differentiates itself through its comprehensive integration of engineering, manufacturing, and after-sales services. Its focus on fully electric, high-efficiency commercial vehicles and a strong global presence further enhance its competitive positioning.

What is the significance of Cenntro's technological innovations?

The company invests in advanced research and development to push the boundaries of electric propulsion technology. This commitment ensures that its vehicles offer superior fuel efficiency and performance compared to traditional commercial vehicles.

How does Cenntro cater to the evolving demands of the automotive industry?

Cenntro addresses the shift towards sustainable transportation by offering emission-free vehicles designed with advanced engineering. Its comprehensive approach—from design to after-sales service—ensures its offerings meet modern environmental and operational standards.

What role does quality play in Cenntro’s operations?

Quality is central to Cenntro’s business model. The company emphasizes rigorous manufacturing processes, advanced engineering and robust customer service to ensure that every vehicle meets high standards of safety, reliability, and performance.
Cenntro

Nasdaq:CENN

CENN Rankings

CENN Stock Data

21.94M
22.14M
28.28%
2.43%
1.83%
Auto Manufacturers
Motor Vehicles & Passenger Car Bodies
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United States
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