CENN earnings

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

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 Electric Group Limited (NASDAQ:CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, will hold a conference call on Monday, April 25, 2022 at 5:00 p.m. Eastern time to discuss its financial results for the year ended December 31, 2021. A press release detailing the financial results will be issued on April 25, 2022 prior to the call. Cenntro Electric Group CEO Peter Wang, and CFO Edmond Cheng will host the conference call followed by a question-and-answer period. Please register in advance of the conference call using the link provided below. Conference access information will be provided upon registration. Participant Online Registra

628 ECV's Produced in December 2021 Represents Highest Volume in a Single Month Company Finishes Fiscal 2021 with $250 Million in Cash, No Debt and Financial Strength to Support Expansion of its European Operating Center in Dusseldorf, Germany and New Assembly Plant in Jacksonville, Florida Cenntro Expects to Report Audited Fiscal 2021 Financial Results in Early April 2022 in Conjunction with Investor Business Update Conference Call Cenntro Electric Group Limited (NASDAQ:CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, announced today that it achieved a record production milestone of 1,623 electric commercial vehicles (ECV) for 2021 and