STOCK TITAN

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cenntro's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cenntro's position in the market.

Rhea-AI Summary

Cenntro Electric Group Limited (NASDAQ: CENN) announced a strategic investment of EUR 2.5 million ($2.55 million) in Antric GmbH, acquiring a 25% stake. This includes EUR 1.25 million in cash and a convertible loan, valuing Antric at EUR 10 million. Cenntro will manufacture Antric's Antric One e-cargo bike in Germany and market it globally. The e-cargo bike, designed for delivery services, boasts a capacity of 2.3 cubic meters and a payload of 300 kg, enhancing Cenntro's EV product lineup.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
-
Rhea-AI Summary

Cenntro Electric Group Limited (NASDAQ: CENN) announced participation in two investor conferences in August 2022. CEO Peter Wang and CFO Edmond Cheng will attend the J.P. Morgan Auto Conference on August 9-10 in New York, where they will present at 2:20 p.m. ET. The second event is the D.A. Davidson Big Sky Summit in Big Sky, MT, from August 21-23. The management team will hold one-on-one meetings with institutional investors at both conferences. Cenntro has sold over 3,700 electric vehicles across 25 countries as of December 31, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.88%
Tags
conferences
-
Rhea-AI Summary

Cenntro Electric Group Limited (NASDAQ: CENN) has been added to the Russell 2000®, Russell 3000®, and Russell Microcap® Indexes effective June 24, 2022. This milestone reflects the company's significant growth over the past year. The Russell 3000® Index includes the largest 3,000 U.S. companies, while the Russell 2000® is comprised of 2,000 small-cap companies. Membership in these indexes is crucial for investment managers, as over $12 trillion in assets are benchmarked against them. This change is expected to enhance Cenntro's visibility and attract more institutional investors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.14%
Tags
none
Rhea-AI Summary

Cenntro Electric Group Limited (NASDAQ: CENN) has announced a partnership with Princeton NuEnergy, Inc. to enhance sustainability in the electric vehicle (EV) sector. The partnership aims to recycle lithium-ion battery materials, thus promoting a closed-loop supply chain and contributing to net-zero emissions. PNE's innovative recycling processes can reduce costs by up to 44% and recover over 95% of critical elements while utilizing less energy and emitting 70% less CO2 than traditional methods. This collaboration highlights the importance of efficient battery recycling in addressing material shortages.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.49%
Tags
partnership
-
Rhea-AI Summary

Cenntro Electric Group Limited (NASDAQ: CENN) announced participation in two investor conferences in June 2022. The first event, the Stifel 2022 Cross Sector Insight Conference, includes a panel discussion on June 8, focusing on the Electric Vehicle Supply Chain, followed by a company presentation on June 9. The second conference, the Credit Suisse Mobility Forum, will be virtual on June 21, allowing one-on-one meetings with investors. The management team, including CEO Peter Wang and CFO Edmond Cheng, will represent the company at both events.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
Tags
conferences
-
Rhea-AI Summary

Cenntro Electric Group Limited (NASDAQ: CENN) plans to showcase its Logistar™ 400 electric vehicle at key industry events including the NYC Fleet Show on May 26, 2022, the Global Fleet Conference from June 7-9, 2022, and the Fleet Forward Tour in Chicago on June 16, 2022. The LS400, designed for urban delivery and freight, targets courier services and delivery vans. CEO Peter Wang expressed enthusiasm for meeting fleet operators and offering test drives to enhance customer engagement and showcase the vehicle's capabilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.39%
Tags
none
Rhea-AI Summary

Cenntro Electric Group Limited (NASDAQ: CENN) has acquired a 474,000 square foot manufacturing facility in Changxing, China, for $19.5 million. This acquisition aims to enhance production capacity, targeting an annual output of 50,000 vehicles once operational. The facility, built in 2018, is expected to bolster Cenntro's manufacturing capabilities and assist in obtaining ISO 9000 certification. The trial production is projected to start in Q3 2022, aligning with the company's expansion into new markets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.26%
Tags
-
Rhea-AI Summary

Cenntro Electric Group Limited (CENN) has formed an alliance with Nuvve Holding Corp. (NVVE) to provide a comprehensive electrification solution for commercial fleets. This collaboration was announced at the Advanced Clean Transportation Expo and aims to simplify the transition to electric vehicles (EVs) by offering bundled Nuvve charging packages alongside Cenntro's U.S. product lineup. The partnership will integrate Cenntro vehicles into Nuvve's Electric Vehicle Charging Infrastructure Hub, enhancing fleet efficiency and supporting grid stability through vehicle-to-grid (V2G) capabilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.11%
Tags
none
-
Rhea-AI Summary

Cenntro Electric Group Limited (NASDAQ: CENN) will showcase its all-electric Logistar™ 400 (LS400) at the Advanced Clean Transportation Expo from May 9-12, 2022, in Long Beach, California. The LS400 is designed for urban delivery and freight, appealing to courier services and upfitters. The exhibit will provide opportunities for test drives, enhancing engagement with potential customers. Management will also hold one-on-one meetings with analysts and investors during the event to discuss company developments and future strategies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.91%
Tags
none
Rhea-AI Summary

Cenntro Electric Group Limited (NASDAQ: CENN) will hold its Annual General Meeting on May 31, 2022, at 8:00 a.m. EDT in Jacksonville, Florida. Shareholders can attend in person or via an audio webcast. Mr. Simon Tripp will not seek re-election as a Class III director, while Mr. Benjamin Ge is nominated for election to the Board. The company may implement COVID-19 precautions for the meeting. Cenntro has sold over 3,700 vehicles across 25 countries as of December 31, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Cenntro

Nasdaq:CENN

CENN Rankings

CENN Stock Data

23.10M
22.14M
28.28%
2.43%
1.83%
Auto Manufacturers
Motor Vehicles & Passenger Car Bodies
Link
United States
FREEHOLD