628 ECV’s Created in December 2021 Represents Highest Volume in a Solitary Month
Business Finishes Fiscal 2021 with $250 Million in Cash Money, No Financial Debt as well as Financial Toughness to Assistance Growth of its European Operating Center in Dusseldorf, Germany and New Setting Up Plant in Jacksonville, Florida
NASDAQ:NAKD, a leading EV innovation business with sophisticated, market-validated electric commercial cars, announced today that it accomplished a document manufacturing turning point of 1,623 electrical business vehicles (ECV) for 2021 and experienced its highest possible volume month of 628 ECV’s created and delivered in December 2021.
The Business likewise announced the introduction of four new vehicle designs during financial 2021 and has obtained beneficial responses from its European and also American channel companions and also clients.
Cenntro’s product portfolio consists of Course 1– Class 4 cars along with off-road offerings and also, through its network partner network, it presently distributes automobiles in over 26 nations to target customers, that include corporate fleets (i.e., energies firms), tool and also little companies (i.e., little processing facilities, ranches, solar ranches, hotels, prepared neighborhoods, etc), in addition to both state as well as federal government fleets.
Cenntro has actually created as well as delivered over 3,600 industrial electric vehicles considering that 2017 and its scalable, decentralized manufacturing version permits it to expand production without most of the connected framework costs using its possession light manufacturing version. The firm prepares to scale production in the very first quarter of 2022, through new facilities both in Jacksonville, Florida and also Dusseldorf, Germany.
” Today’s turning point accomplishment demonstrates that Cenntro is promptly becoming a considerable player in the electrical commercial vehicle market,” claimed Peter Wang, Chairman as well as President of Cenntro Electric Group “With the merging behind us and money of $250 million, we are well positioned to build up our European operating facility in Dusseldorf, Germany and also setting up plant in Jacksonville, Florida, which will substantially enhance setting up, sales and also after-market solution capabilities for operations.
“Furthermore, the new funding also permits Cenntro to increase our monitoring team, core U.S. operations, board of supervisors and critical consultants to support as well as manage our quick growth. I am equally delighted regarding our development already in 2022 based on the passion we got at CES 2022 after revealing Cenntro’s iChassis skateboard for last mile distribution as well as community services.
“Ultimately, we are going through lots of campaigns consisting of a re-branding of our public materials, new corporate governance, the visit of tactical experts and financier connections to interact with vital stakeholders and new financiers. We look forward to reviewing all those initiatives as well as turning points during our conference call in April 2022 reviewing our financial 2021 economic outcomes,” ended Wang.
Regarding Cenntro Electric Group.
Cenntro Electric Group (NASDAQ: CENN) is a leading EV innovation company with advanced, market-validated electrical industrial vehicles. Cenntro intends to lead the makeover in the vehicle market through scalable, decentralized manufacturing as well as completely digitalized self-governing driving remedies empowered by the Cenntro iChassis. Cenntro has produced as well as delivered over 3,600 commercial EVs in greater than 26 nations. To learn more concerning the firm, please go to www.cenntroauto.com.