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Cenntro Electric Group Achieves Record Production Milestone of 1,623 Electric Commercial Automobiles in 2021

628 ECV’s Created in December 2021 Represents Highest Quantity in a Solitary Month

Firm Finishes Fiscal 2021 with $250 Million in Money, No Financial Obligation and also Financial Toughness to Support Growth of its European Operating Center in Dusseldorf, Germany and also New Setting Up Plant in Jacksonville, Florida

NASDAQ:NAKD, a leading EV modern technology firm with advanced, market-validated electrical commercial automobiles, revealed today that it accomplished a document production landmark of 1,623 electrical business lorries (ECV) for 2021 as well as experienced its greatest quantity month of 628 ECV’s generated as well as delivered in December 2021.

The Firm additionally revealed the introduction of four new vehicle versions during fiscal 2021 and also has gotten desirable responses from its European and American channel companions as well as clients.

Cenntro’s product portfolio includes Course 1– Class 4 lorries in addition to off-road offerings as well as, with its channel partner network, it presently distributes automobiles in over 26 nations to target customers, that include business fleets (i.e., energies firms), tool as well as tiny companies (i.e., little handling facilities, ranches, solar ranches, hotels, intended neighborhoods, and so on), along with both state as well as federal government fleets.

Cenntro has created and provided over 3,600 business electrical lorries considering that 2017 and its scalable, decentralized production version permits it to expand manufacturing without much of the linked facilities prices using its asset light producing version. The firm plans to range manufacturing in the very first quarter of 2022, with new centers both in Jacksonville, Florida and Dusseldorf, Germany.

” Today’s landmark success demonstrates that Cenntro is promptly ending up being a significant gamer in the electrical industrial automobile market,” said Peter Wang, Chairman and also Chief Executive Officer of Cenntro Electric Group “With the merging behind us and also cash of $250 million, we are well positioned to build up our European operating center in Dusseldorf, Germany and also setting up plant in Jacksonville, Florida, which will significantly increase setting up, sales as well as after-market solution capacities for operations.

“Furthermore, the new resources likewise permits Cenntro to broaden our management group, core united state procedures, board of supervisors and also tactical experts to support and manage our fast development. I am just as excited concerning our development currently in 2022 based upon the passion we obtained at CES 2022 after introducing Cenntro’s iChassis skateboard for last mile distribution as well as metropolitan services.

“Ultimately, we are undertaking many efforts consisting of a re-branding of our public products, new corporate governance, the appointment of strategic experts as well as capitalist connections to interact with vital stakeholders and also new financiers. We eagerly anticipate assessing all those efforts as well as turning points during our conference call in April 2022 discussing our financial 2021 economic results,” wrapped up Wang.

About Cenntro Electric Group.

Cenntro Electric Group (NASDAQ: CENN) is a leading EV innovation business with innovative, market-validated electric industrial vehicles. Cenntro prepares to lead the transformation in the automobile sector via scalable, decentralized manufacturing and totally digitalized autonomous driving services equipped by the Cenntro iChassis. Cenntro has created as well as provided over 3,600 business EVs in greater than 26 countries. For additional information concerning the business, please see www.cenntroauto.com.