628 ECV’s Generated in December 2021 Represents Highest Volume in a Solitary Month
Firm Finishes Fiscal 2021 with $250 Million in Cash Money, No Debt and Financial Stamina to Support Development of its European Operating Facility in Dusseldorf, Germany as well as New Setting Up Plant in Jacksonville, Florida
NASDAQ:NAKD, a leading EV modern technology business with advanced, market-validated electric business cars, announced today that it attained a document manufacturing landmark of 1,623 electrical commercial vehicles (ECV) for 2021 as well as experienced its highest possible volume month of 628 ECV’s produced and also delivered in December 2021.
The Firm likewise introduced the introduction of 4 brand-new car versions during financial 2021 and also has actually obtained desirable reactions from its European and American network partners and also consumers.
Cenntro’s product portfolio consists of Class 1– Course 4 cars along with off-road offerings and, with its channel partner network, it currently disperses cars in over 26 nations to target customers, that include corporate fleets (i.e., energies companies), medium as well as tiny firms (i.e., small processing centers, ranches, solar ranches, resorts, intended areas, etc), as well as both state as well as federal government fleets.
Cenntro has actually generated as well as supplied over 3,600 commercial electrical cars given that 2017 as well as its scalable, decentralized production model enables it to grow production without much of the associated facilities prices using its asset light manufacturing version. The company intends to scale production in the first quarter of 2022, through brand-new centers both in Jacksonville, Florida as well as Dusseldorf, Germany.
” Today’s landmark accomplishment demonstrates that Cenntro is swiftly ending up being a considerable player in the electric industrial car market,” claimed Peter Wang, Chairman as well as President of Cenntro Electric Group “With the merging behind us as well as cash of $250 million, we are well placed to accumulate our European operating center in Dusseldorf, Germany and also setting up plant in Jacksonville, Florida, which will significantly raise assembly, sales as well as after-market service capacities for operations.
“In addition, the brand-new capital also enables Cenntro to broaden our monitoring group, core united state procedures, board of supervisors as well as tactical experts to sustain as well as handle our quick development. I am just as excited about our development already in 2022 based on the passion we got at CES 2022 after introducing Cenntro’s iChassis skateboard for last mile delivery and also municipal services.
“Finally, we are going through many campaigns including a re-branding of our public materials, new business governance, the visit of calculated experts as well as investor relationships to connect with essential stakeholders and brand-new financiers. We look forward to examining all those initiatives and also milestones throughout our conference call in April 2022 discussing our financial 2021 monetary outcomes,” concluded Wang.
About Cenntro Electric Group.
Cenntro Electric Group (NASDAQ: CENN) is a leading EV innovation firm with sophisticated, market-validated electric business lorries. Cenntro plans to lead the makeover in the auto market via scalable, decentralized production as well as totally digitalized autonomous driving remedies equipped by the Cenntro iChassis. Cenntro has actually created as well as supplied over 3,600 commercial EVs in more than 26 countries. To learn more regarding the firm, please see www.cenntroauto.com.