628 ECV’s Produced in December 2021 Represents Highest Volume in a Single Month
Business Finishes Fiscal 2021 with $250 Million in Cash Money, No Financial Debt as well as Financial Stamina to Support Expansion of its European Operating Center in Dusseldorf, Germany and New Setting Up Plant in Jacksonville, Florida
NASDAQ:NAKD, a leading EV innovation company with advanced, market-validated electric commercial cars, revealed today that it accomplished a document production milestone of 1,623 electric business automobiles (ECV) for 2021 as well as experienced its highest possible volume month of 628 ECV’s produced and also shipped in December 2021.
The Firm additionally announced the intro of four brand-new lorry versions throughout financial 2021 as well as has obtained positive responses from its European as well as American channel companions and also customers.
Cenntro’s product portfolio consists of Class 1– Course 4 cars along with off-road offerings and, through its channel partner network, it presently disperses cars in over 26 nations to target clients, which include business fleets (i.e., utilities business), medium and also little companies (i.e., tiny processing facilities, ranches, solar ranches, resorts, planned areas, and so on), along with both state and also federal government fleets.
Cenntro has actually created and provided over 3,600 industrial electrical automobiles since 2017 as well as its scalable, decentralized production design enables it to expand manufacturing without a lot of the associated framework prices using its asset light producing design. The company plans to range production in the very first quarter of 2022, with brand-new centers both in Jacksonville, Florida as well as Dusseldorf, Germany.
” Today’s turning point achievement demonstrates that Cenntro is swiftly ending up being a considerable gamer in the electrical business car market,” claimed Peter Wang, Chairman as well as Ceo of Cenntro Electric Group “With the merging behind us and cash money of $250 million, we are well positioned to accumulate our European operating center in Dusseldorf, Germany as well as setting up plant in Jacksonville, Florida, which will substantially increase assembly, sales and also after-market service capacities for operations.
“Additionally, the new funding additionally permits Cenntro to increase our monitoring team, core united state operations, board of supervisors as well as calculated advisors to sustain and also handle our quick development. I am just as thrilled concerning our progression already in 2022 based upon the passion we obtained at CES 2022 after introducing Cenntro’s iChassis skateboard for last mile distribution and also community services.
“Finally, we are going through several initiatives consisting of a re-branding of our public materials, brand-new business administration, the consultation of calculated advisors and also capitalist relations to interact with vital stakeholders as well as new financiers. We anticipate assessing all those campaigns and landmarks throughout our teleconference in April 2022 discussing our monetary 2021 monetary outcomes,” concluded Wang.
Concerning Cenntro Electric Group.
Cenntro Electric Group (NASDAQ: CENN) is a leading EV innovation business with advanced, market-validated electrical business automobiles. Cenntro prepares to lead the change in the automobile industry with scalable, decentralized manufacturing and totally digitalized self-governing driving solutions encouraged by the Cenntro iChassis. Cenntro has produced and also delivered over 3,600 industrial EVs in greater than 26 nations. For more details concerning the company, please visit www.cenntroauto.com.