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
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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3 - CENNTRO ELECTRIC GROUP Ltd (0001707919) (Issuer)
3 - CENNTRO ELECTRIC GROUP Ltd (0001707919) (Issuer)
3 - CENNTRO ELECTRIC GROUP Ltd (0001707919) (Issuer)
3 - CENNTRO ELECTRIC GROUP Ltd (0001707919) (Issuer)
3 - CENNTRO ELECTRIC GROUP Ltd (0001707919) (Issuer)
3 - CENNTRO ELECTRIC GROUP Ltd (0001707919) (Issuer)
3 - CENNTRO ELECTRIC GROUP Ltd (0001707919) (Issuer)
3 - CENNTRO ELECTRIC GROUP Ltd (0001707919) (Issuer)
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
Strong Reception of the Avantier C Signaled Demand for Additional Models Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, announces its wholly owned subsidiary, Avantier Motors Corporation, has launched two new electric vehicle models tailored for the European market; the Avantier Ex, a mini electric commercial vehicle, and the Avantier Commuter, an entry-level electric passenger car. Both models join Avantier's existing product line as the company continues its mission to revolutionize urban mobility through innovative, sustainable electric vehicles. This press release featur
Includes Showcase of Our New Logistar® and Deepstar® Vehicles for the U.S. Market Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, will host its "Cenntro Day 2024" event on Tuesday, October 22, 2024, from 10:00 a.m. PT to 1:30 p.m. PT at the Ontario Convention Center in Ontario, California to introduce Cenntro's new commercial electric vehicles for the U.S. market. Peter Wang, Chairman and CEO of Cenntro, will be joined by other senior management team members to showcase Cenntro's new Logistar® 300 ("LS300"), a Class 3 delivery truck, Logistar® 450 ("LS450"), a Class 4 delive
New LS450 Receives California Air Resources Board Executive Order Certifying ("CARB") Certification in the State of California and Certificate of Conformity from the United States Environmental Protection Agency Cenntro Inc. (NASDAQ: CENN) ("Cenntro" or "the Company"), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announced its newest Class 4 addition to the Logistar series, the Logistar® 450 ("LS450") model for sale and distribution in the United States ("US") and global markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240917510123/en/Cenntro Logistar® 45
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
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announces Cenntro received a California Air Resources Board ("CARB") "Executive Order" and a "Certificate of Conformity" from the United States Environmental Protection Agency ("EPA") for the Logistar® 300 ("LS300") model. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240716023158/en/LS300DV (Photo: Business Wire) On June 21, 2024, Cenntro received the CARB Executive Order certifying the all-electric, light-duty, class 3 LS300 model meets the standard to be con
New Facility Reinforces Cenntro's Commitment to Serve West Coast EV Markets Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announced the establishment of a California-based electric vehicle ("EV") production and distribution assembly facility to support expanding sales in the United States ("U.S.") west coast market. Cenntro's Ontario, California assembly and distribution facility supports production operations with a strong focus on the U.S. west coast market. Our California facility has full-scale production capabilities for the LS400 and Metro vehicle models sold
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announced that it has been added to the Russell Microcap® Index effective after the market close on June 28, 2024 as part of FTSE Russell's annual reconstitution. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announced its newest Logistar series model, the Logistar® 210 ("LS210") is to be sold in European and other global markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240626765657/en/Cenntro Logistar® 210 (Photo: Business Wire) The LS210 is a next generation commercial van with European N1 type approval and follows Cenntro's December 2023 approval for the EU's required Certificate of Compliance for Cybersecurity Management System (UN Regulation number: R155)
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, today announced it has delivered more than twenty (20) US Assembled Class 4 Logistar® 400 ("LS400") vehicles to its customers and dealers in the month of May, 2024. "After thorough testing and certification, we are ramping assembly and delivery of the LS400 to our west coast and broader US customer base," said Peter Wang, Chief Executive Officer of Cenntro. "We are seeing strong interest in the LS400 and future series models which are currently undergoing testing and certification." "With approval for California Air Resource
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
Production Capacity of 50,000 Vehicles Annually Once 474,000 Square Foot Facility Becomes Fully Operational 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 acquisition of a new manufacturing facility in Changxing, Huzhou City, China, for a purchase price of approximately $19.5 million. The new 474,000 square foot facility will allow Cenntro to expand its production capacity. The facility, built in 2018, is expected to provide Cenntro with advanced manufacturing capabilities. In addition to expanding capacity, the new site is expected to enable Cenntr
Net Revenue increased by 57% Number of vehicles sold increased 30% year over year Management to Host Conference Call on Monday, April 25 at 5:00 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, today announced its financial results for the year ended December 31, 2021. Full Year 2021 Operational and Financial Highlights The number of commercial vehicles sold was 918 units, an increase of 29.8% from 707 units sold in 2020. Net revenue was $8.6 million, an increase of 57.1% from $5.5 million in 2020. Gross margin was 17.5%, up 7.1 percentage points from 10.
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, today announced it has delivered more than twenty (20) US Assembled Class 4 Logistar® 400 ("LS400") vehicles to its customers and dealers in the month of May, 2024.
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