Cenntro Receives California Air Resources Board Executive Order Certifying Its Logistar® 300 Model

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.

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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 considered zero-emissions vehicles in California. Similarly, the Certificate of Conformity confirms that the LS300 meets the EPA's emissions requirements under the Clean Air Act. The LS300 model is the latest addition to Cenntro's product portfolio for the U.S. market. The CARB and the EPA certifications position Cenntro's California-based customers to apply for end purchaser incentives such as participation in the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project ("HVIP").

Cenntro first debuted the LS300 at the Consumer Electronics Showcase in 2023. The versatile all-electric, light-duty, class 3 vehicle comes as a cab and chassis or optional delivery van body and has the ability to be upfitted as needed for broader applications. With a mileage range of 194-217 miles, the LS300 makes last-mile delivery efficient for drivers.

"Deploying the LS300 in the U.S. last-mile delivery market allows Cenntro customers to experience the benefits of electrification of their fleet, both large and small, with a versatile, multi-functional commercial EV," said Peter Wang, Chairman and CEO of Cenntro. "Production of the LS300 in both cab-chassis and delivery van models, will take place at our recently established facility in Ontario, CA."

About Cenntro

Cenntro (NASDAQ:CENN) is a leading 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

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