Cenntro - CENN STOCK NEWS

Cenntro Electric Group Limited (NASDAQ: CENN) has announced the launch of its new electric micro-cars under the brand Avantier. The Avantier has received EU L7e Type approval for commercial use in Europe and will also be available as a passenger version in Central America. This two-seat hatchback is powered by a PMS electric motor and a 13.9 kWh LiFePO4 battery, offering a range of 170 km (106 miles) and a top speed of 90 km/h. The Avantier is designed for urban commercial use and aims to reduce emissions with its highly efficient electric drive system. Cenntro's continued commitment to zero-emission vehicles aligns with global trends towards sustainable transportation.

Cenntro Electric Group Limited (NASDAQ: CENN) has announced a collaboration with EAVX, a unit of JB Poindexter & Co, to develop electric work truck solutions in 2023. The partnership will focus on integrating EAVX's commercial truck bodies with Cenntro's LS300 and LS400 all-electric cab chassis, targeting various applications including last-mile delivery and municipal services. This non-exclusive agreement aims to enhance the design and functionality of Cenntro's electric vehicles, aligning with their mission of promoting sustainable commercial fleets. The joint venture signifies a strategic move to expand product offerings in the growing EV market.

Cenntro Electric Group Limited (NASDAQ: CENN) has initiated production at its new 100,000 sq. ft. assembly facility in Jacksonville, FL, focusing on the LS400, Teemak, and Metro electric commercial trucks. This facility aims to meet the rising demand for electric vehicles in the Southeastern US and Central America. Production began after 15 months of renovations and compliance with local regulations. Cenntro now operates five global facilities to enhance its production capabilities. The company expects vehicle deliveries to begin next month, positioning itself to capture significant market share.

Cenntro Electric Group (NASDAQ: CENN) has officially commenced production of its LS400 and Metro electric commercial trucks at its expanded assembly facility in Howell, NJ. This facility primarily targets the Northeastern region of the United States. Additionally, Cenntro has completed a new assembly facility in Jacksonville, FL and is awaiting parts to start production there. The company aims to enhance sales and meet demand for zero-emission vehicles. CEO Peter Wang stated that these expansions will bolster large-scale deployment of their electric vehicle offerings.

Cenntro Electric Group Limited (NASDAQ: CENN) has commenced the assembly and production of battery packs utilizing lithium iron phosphate (LFP) battery cells at its facilities in Freehold, NJ and Germany. These battery packs aim to enhance supply chain efficiency, improve battery resilience, and offer longer cycle life with faster charging times.

The initial installation will be in Cenntro’s Metro Series commercial vehicles, emphasizing local sourcing and production. Future developments will include battery cells from its subsidiary Cennatic Power.