628 ECV’s Created in December 2021 Represents Highest Quantity in a Single Month
Business Finishes Fiscal 2021 with $250 Million in Cash Money, No Financial Obligation and Financial Stamina to Support Development of its European Operating Facility in Dusseldorf, Germany and New Setting Up Plant in Jacksonville, Florida
NASDAQ:NAKD, a leading EV technology firm with advanced, market-validated electric industrial vehicles, announced today that it achieved a record manufacturing turning point of 1,623 electrical business vehicles (ECV) for 2021 as well as experienced its highest quantity month of 628 ECV’s generated and also shipped in December 2021.
The Business likewise announced the intro of 4 new car designs during monetary 2021 and has obtained desirable responses from its European and American network companions as well as clients.
Cenntro’s item profile consists of Class 1– Course 4 lorries along with off-road offerings and also, through its channel partner network, it presently distributes vehicles in over 26 nations to target consumers, which include business fleets (i.e., utilities business), medium and also little companies (i.e., little processing facilities, farms, solar farms, resorts, planned neighborhoods, etc), in addition to both state and also federal government fleets.
Cenntro has produced and provided over 3,600 business electric cars given that 2017 and its scalable, decentralized production model permits it to grow manufacturing without much of the associated framework costs utilizing its possession light manufacturing version. The firm prepares to scale manufacturing in the very first quarter of 2022, with new centers both in Jacksonville, Florida and Dusseldorf, Germany.
” Today’s landmark achievement demonstrates that Cenntro is rapidly coming to be a significant player in the electric industrial vehicle market,” stated Peter Wang, Chairman and also Ceo of Cenntro Electric Group “With the merger behind us and money of $250 million, we are well placed to develop our European operating center in Dusseldorf, Germany and setting up plant in Jacksonville, Florida, which will substantially boost setting up, sales and after-market service capacities for procedures.
“Additionally, the brand-new capital also enables Cenntro to broaden our monitoring group, core united state operations, board of supervisors and also calculated consultants to support as well as handle our fast growth. I am similarly thrilled regarding our progression currently in 2022 based upon the passion we obtained at CES 2022 after unveiling Cenntro’s iChassis skateboard for last mile delivery as well as metropolitan solutions.
“Lastly, we are undertaking several initiatives including a re-branding of our public materials, brand-new company governance, the consultation of critical advisors and also investor relationships to connect with key stakeholders and brand-new investors. We look forward to evaluating all those initiatives and milestones throughout our teleconference in April 2022 discussing our fiscal 2021 economic outcomes,” wrapped up Wang.
Concerning Cenntro Electric Group.
Cenntro Electric Group (NASDAQ: CENN) is a leading EV innovation firm with sophisticated, market-validated electric business lorries. Cenntro prepares to lead the transformation in the vehicle market via scalable, decentralized manufacturing and also fully digitalized independent driving options equipped by the Cenntro iChassis. Cenntro has actually produced and delivered over 3,600 industrial EVs in more than 26 countries. For additional information concerning the business, please visit www.cenntroauto.com.