Cenntro Electric Group Limited (NASDAQ: CENN) is a leading designer and manufacturer of electric light and medium-duty commercial vehicles (ECVs). Their purpose-built ECVs are designed to support city services, last-mile delivery, and other commercial applications and are sold in over 35 countries across North America, Europe, and Asia. Cenntro aims to lead the transformation of the automotive industry through scalable, decentralized production and smart driving solutions. The company's product portfolio includes a range of vehicles, from Class 1 to Class 8, including the Logistar series.
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Cenntro Electric Group Limited has sold and delivered over 170 LS200 vehicles to local customers in Europe.
Cenntro Electric Group Limited signed a non-binding term sheet to make a strategic investment in Antric GmbH representing 25% of Antric’s total outstanding shares.