Cenntro Automotive Group, Inc. manufactures electric light and medium-duty commercial vehicles. The company was founded in 2013 and is based in Freehold, New Jersey.
IPO Year:
Exchange: NASDAQ
Website: https://www.cenntroauto.com
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EV Models to be Assembled for Distribution within the Local and Northern African Markets Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, has signed a strategic partnership agreement with Electricove Maroc, an electric vehicle distribution company organized under the laws of the Kingdom of Morocco and headquartered in Casablanca ("Electricove"). Pursuant to the strategic partnership agreement, Electricove will assemble Cenntro's electric vehicles ("EVs") in Morocco for distribution within the local and Northern African markets. Electricove has served as a Cenntro distribut
Recently Introduced Model Offers Significant Upgrades in Features, Technology and Quality Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announced it received 260 orders for its newly introduced Logistar® 210 ("LS210") model during the first half of 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250715930897/en/Cenntro Logistar 210 The LS210 is Cenntro's next-generation model, designed to replace the previous LS200 with significant upgrades in features, technology, and overall quality. Since its o
Features Rapid Refueling while Producing Zero Emissions Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or the "Company"), a pioneering electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announced the development of its second-generation hydrogen fuel cell Class 8 semi-tractor, the "BM860H". The vehicle has received certification from the U.S. Environmental Protection Agency ("EPA"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250708752291/en/Bison Motors BM860H Developed by Cenntro's wholly owned subsidiary, Bison Motors Inc., the BM860H builds on the foundation of its predecessor
EU M1 Type Approval Allows Avantier Commuter to be Marketed and Sold in all European Union Countries and Other Countries that have Adopted EU Vehicle Type Approvals Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announced the launch of the "Avantier Commuter," an all-electric vehicle from its 2025 Avantier Model Series. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250701917711/en/Cenntro Avantier Commuter The Avantier Model Series includes the Avantier C, Avantier EX, and Avantier Commuter models, all
European Union M2 Type Approval Allows Short-Distance Shuttle and Public Transportation Services Across Europe Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announced the successful delivery of 71 special edition Logistar® 450P ("LS450P") electric buses to QEV Technologies, S.L. ("QEV"), a prominent Spanish electric mobility solutions provider. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250625325214/en/Logistar® 450P The LS450P units are part of a larger order received in early 2025 and represent a
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering innovator in electric commercial vehicles, with advanced, market-validated, and purpose-built vehicle and smart technology products, has reported its financial and operational results for the three months ended March 31, 2025. First Quarter 2025 Financial and Operational Highlights: First quarter 2025 net revenue of $2.1 million decreased 8.5% compared to $2.3 million for the first quarter 2024. Adjusted EBITDA loss for the first quarter of 2025 of ($4.0) million compared to a loss of ($6.4) million for the first quarter of 2024. Sold 129 Electric Commercial Vehicles in the first quarter of 2025, an increase of 34%
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering innovator in electric commercial vehicles, with advanced, market-validated, and purpose-built vehicle and smart technology products, has reported its financial and operational results for the year ended December 31, 2024. Full Year 2024 Financial and Operational Highlights: Year 2024 net revenue of $31.3 million increased 200.2% compared to $10.4 million for the year of 2023. United States ("US") sales volume increased to $19.3 million in the year of 2024 from $0.4 million for the year of 2023. Adjusted EBITDA loss for the year of 2024 of $28.2 million compared to a loss of $39.3 million for the year of 2023. Sol
Smart Chassis Platform Demand Continues to Drive Expansion in China Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering innovator in electric commercial vehicles, with advanced, market-validated, and purpose-built vehicle and smart technology products, today announced that it delivered more than 1,000 autonomous driving delivery vehicles incorporating the iChassis 100 in the 2024 calendar year to third-party contractors in China. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250207625093/en/Cenntro iChassis 100 (Photo: Business Wire) The iChassis 100 is a smart chassis platform designed and manufactured by C
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announces the order of 200 special edition Logistar® 450P ("LS450P") electric passenger vans from Spanish vehicle provider QEV Technologies, S.L. ("QEV"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250114455368/en/Logistar®450P (Photo: Business Wire) Cenntro has secured a 30% deposit for the first 47 Logistar® 450P units, which are scheduled for delivery in the first calendar quarter of 2025. The LS450P model is a special edition jointly developed by QEV
500 Unit Order for Customized Metro MR Vehicles May Position Cenntro to Capitalize on Additional Opportunities in Key Market Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announced its manufacturing facility, Zhejiang Cenntro Machinery Co., Ltd., secured an order for 500 customized Metro MR vehicles exclusively for the Japanese market. We believe this order highlights Cenntro's commitment to delivering market-specific, high-value solutions, and our ability to meet the rigorous quality and performance standards expected by what we believe to be one of the world's m
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Live Leadership Updates
Appoints Financial Executive Stephen Markscheid to Board and Benjamin Ge as Chairman of the Audit Committee Cenntro Electric Group Limited (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced the appointment of Stephen Markscheid as a new Independent Director of the Board of Directors of the Company (the "Board") to fill the vacancy following the resignation of Christopher Thorne from the Board and in conjunction, the appointment of current Independent Director Benjamin Ge as Chairman of the Audit Committee of the Board. Stephen Markscheid is a corporate finance professional with 30+ yea
Cenntro Electric Group Limited (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced the appointment of Dr. Yi Zeng to the Board of Directors, and the resignation of Justin Davis Rice from the Board of Directors of the Company. Dr. Yi Zeng has served in several leadership positions and brings over 30 years of industry, research and education experience to Cenntro. He previously served as a Non-Executive Director of Range Resources Pty. Ltd (listed both in London and Australia stock exchanges), Managing Director of Lomon (Australia) Pty Ltd, Asia Pacific Regional Marketing Manager of Titaniu,
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Live finance-specific insights
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering innovator in electric commercial vehicles, with advanced, market-validated, and purpose-built vehicle and smart technology products, has reported its financial and operational results for the three months ended March 31, 2025. First Quarter 2025 Financial and Operational Highlights: First quarter 2025 net revenue of $2.1 million decreased 8.5% compared to $2.3 million for the first quarter 2024. Adjusted EBITDA loss for the first quarter of 2025 of ($4.0) million compared to a loss of ($6.4) million for the first quarter of 2024. Sold 129 Electric Commercial Vehicles in the first quarter of 2025, an increase of 34%
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering innovator in electric commercial vehicles, with advanced, market-validated, and purpose-built vehicle and smart technology products, has reported its financial and operational results for the year ended December 31, 2024. Full Year 2024 Financial and Operational Highlights: Year 2024 net revenue of $31.3 million increased 200.2% compared to $10.4 million for the year of 2023. United States ("US") sales volume increased to $19.3 million in the year of 2024 from $0.4 million for the year of 2023. Adjusted EBITDA loss for the year of 2024 of $28.2 million compared to a loss of $39.3 million for the year of 2023. Sol
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, has reported its financial and operational results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial and Operational Highlights: Third quarter 2024 net revenue of $16.7 million increased 190% compared to $5.8 million for the third quarter of 2023. United States ("US") sales volume increased to $10.3 million in the third quarter of 2024 from $0.2 million for the third quarter of 2023. Adjusted EBITDA loss for the third quarter of 2024 of $7.5 million compared to a loss of $12.1 million for
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, has reported its financial and operational results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial and Operational Highlights: Second quarter 2024 net revenue of $8.32 million increased 96.4% compared to $4.24 million for the second quarter of 2023. U.S. sales volume increased to $4.9 million in the second quarter of 2024 from $33,000 for the second quarter of 2023. Adjusted EBITDA loss for the second quarter of 2024 of $7.27 million compared to a loss of $12.5 million for the second quarter o
Q3 2023 Net Revenue Increased 175% to $5.8 million Number of Vehicles Sold Increased by 326% to 298 Vehicles Gross Profit Margin Increased 4,260 bps to 12.4% from a loss of -30.3% Average Selling Price Increased by 15.7% to Approximately $19.2 Thousand Cenntro Electric Group Limited (NASDAQ:CENN) ("Cenntro", "we", "our", "us", or the "Company"), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles ("ECVs"), today announced its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial and Operating Highlights Net revenue of $5.8 million increased 175% year over year; Sales volume increa
Q2 2023 Net Revenue Increased 32% to $4.2 million Number of Vehicles Sold Increased Sequentially by 82% to 235 Vehicles Gross Profit Margin Increased 2,180 bps to 27.1% Average Selling Price Increased 11% to Approximately $18.6 Thousand Cenntro Electric Group Limited (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles ("ECVs"), today announced its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial and Operating Highlights Net revenue of $4.2 million increased 32% year over year. Sales volume increased by 26% year over year and 82% sequen
Q1 2023 Net Revenue Increased 90% to $3.5 million Cenntro Electric Group Limited (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles ("ECVs"), today announced its financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial and Operating Highlights Net revenue of $3.5 million increased 90% year over year attributable to higher average selling prices and expanded go-to-market strategy that includes a direct in-country sales model. Commenced production of the LS400, Teemak and Metro electric commercial trucks at the Company's new 100,000 sq. ft. assembly f
2022 Net Revenue Increased 4.3% to $8.9 million Expanded Product Lineup, Increased Average Selling Price, Refined Go-to-Market Strategy, and Built Foundation for Accelerated Growth via New Production Capacity Cenntro Electric Group Limited (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading EV technology company with advanced, market- validated electric commercial vehicles ("ECVs"), today announced its financial results for the second half and full year ended December 31, 2022. Full Year Financial and Operating Highlights Net revenue of $8.9 million increased 4.3% year over year on higher average selling prices and expanded go-to-market strategy that includes a direct in-country
1H22 net revenue increased by 105% year on year 1H22 number of vehicles sold increased 23% year on year Management to Host Conference Call on Tuesday, September 13 at 5:30 p.m. ET Cenntro Electric Group Limited (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading EV technology company with advanced, market- validated electric commercial vehicles ("ECVs"), today announced its financial results for the first half year ended June 30, 2022. First Half 2022 Operational and Financial Highlights The number of commercial vehicles sold was 337 units, an increase of 23% from 273 units sold in the same period of 2021. Net revenue was $5.0 million, an increase of 105% from $2.5 million in the
Cenntro Electric Group Limited (NASDAQ:CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, will hold a conference call on Tuesday, September 13, 2022 at 5:30 p.m. Eastern time to discuss its financial results for the first half of the fiscal year ended June 30, 2022. A press release detailing the financial results will be issued on September 13, 2022, prior to the conference call. Cenntro Electric Group Chairman and CEO Peter Wang, and CFO Edmond Cheng will host the conference call which will be followed by a question-and-answer period. Please register in advance of the conference call using the link provided below. Conference access inform