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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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
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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.
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,
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
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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)