Cenntro Delivers 71 Special Edition Logistar® 450P All-Electric Buses to the European Market
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.
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Logistar® 450P
The LS450P units are part of a larger order received in early 2025 and represent a collaborative development between Cenntro and QEV. This special edition model received European Union M2 Type Approval, allowing its use for short-distance shuttle and public transportation services across Europe. The certification underscores the LS450P's compliance with stringent safety and performance standards, further strengthening the Company's competitive position in the European market.
The Company intends to continue production and deliveries of the LS450P in order to fulfill the remainder of the QEV order and plans to respond to any market demands for LS450P from distributors across Europe and other global markets.
"The LS450P is a unique all-electric bus purpose-built for shuttle and public transport applications," explained Peter Wang, Chairman and CEO of Cenntro. "We believe its distinctive specifications and compelling value proposition set it apart from the competition and will bolster consumer interest for the LS450P not only in Europe but from other regions as well, affirming the global potential of this platform."
About Cenntro
Cenntro (NASDAQ:CENN) is a pioneering maker and provider of electric commercial vehicles ("ECVs"). Cenntro's purpose-built ECVs are designed to serve a variety of commercial applications inclusive of its line of class 1 to class 4 trucks. Cenntro is building a globalized supply-chain, as well as the manufacturing, distribution, and service capabilities for its innovative and reliable products. Cenntro continues to evolve its products capabilities through advanced battery, powertrain, and smart driving technologies. For more information, please visit Cenntro's website at: www.cenntroauto.com.
Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. Such statements may be, but need not be, identified by words such as "may," "believe," "anticipate," "could," "should," "intend," "plan," "will," "aim(s)," "can," "would," "expect(s)," "estimate(s)," "project(s)," "forecast(s)," "positioned," "approximately," "potential," "goal," "strategy," "outlook" and similar expressions. Examples of forward-looking statements include, among other things, statements regarding assembly and distribution capabilities, decentralized production, and fully digitalized autonomous driving solutions. All such forward-looking statements are based on management's current beliefs, expectations and assumptions, and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied in this communication. For additional risks and uncertainties that could impact Cenntro's forward-looking statements, please see disclosures contained in Cenntro's public filings with the SEC, including the "Risk Factors" in Cenntro's Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 1, 2025 and which may be viewed at www.sec.gov.
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