Cenntro Provides United States Facility and Production Updates - Cenntro Electric Group (NASDAQ:CENN)

[ad_1] <br><div id="article-body"><p class="bwalignc"><i>Cenntro Commences Manufacturing of the LS400 and Metro in the US</i></p><p><a target="_blank" rel="nofollow noopener" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cenntroauto.com%2F&esheet=53350557&newsitemid=20230227005542&lan=en-US&anchor=Cenntro+Electric+Group+Limited&index=1&md5=bf358a7f38f60d114e50ce62ee61b419">Cenntro Electric Group Limited</a> (NASDAQ:<a target="_blank" class="ticker" href="https://www.benzinga.com/stock/CENN#NASDAQ" rel="noopener">CENN</a>), a number one EV know-how firm with superior, market-validated electrical business autos, at this time introduced the beginning of manufacturing of its LS400 and Metro electrical business vans on the firm's lately expanded meeting facility in Howell, NJ. Moreover, the corporate can be asserting the completion of its new meeting facility in Jacksonville, FL.</p><p>Manufacturing of the LS400 and Metro electrical business autos within the Howell Meeting Facility is underway. Automobiles assembled on the Howell facility are predominantly for the Northeastern area of the US.</p><p>Cenntro additionally introduced the completion of the build-out of Jacksonville Meeting Facility and is awaiting components to start the manufacturing of the LS400 and Metro product strains.</p><p>"With our meeting services able to construct, we'll quickly start to ship our merchandise in the US," stated Peter Wang, Cenntro Chairman and CEO. "The growth of the Howell facility and the approaching opening of the Jacksonville facility will assist each demand and large-scale deployment to increase gross sales in US regional markets."</p> <amp-video-iframe src="https://live.primis-amp.tech/content/video/amp/videoIframe.php?s=109503" width="16" height="9" layout="responsive" dock="#primis-dock-slot" style="overflow: visible;" class="i-amphtml-layout-responsive i-amphtml-layout-size-defined" i-amphtml-layout="responsive"><i-amphtml-sizer style="display:block;padding-top:56.25%"/> </amp-video-iframe> <div class="sc-jwRhZi gZnZmE"><div class="amp-hubspot-form"><h3 class="amp-hubspot-form__title">ENTER TO WIN $500 IN STOCK OR CRYPTO</h3><p class="amp-hubspot-form__description">Enter your e mail and you will additionally get Benzinga's final morning replace AND a free $30 reward card and extra!</p></div></div><p><b>About Cenntro Electrical Group</b></p><p>Cenntro Electrical Group Ltd. (or "Cenntro") (NASDAQ:<a target="_blank" class="ticker" href="https://www.benzinga.com/stock/CENN#NASDAQ" rel="noopener">CENN</a>) is a number one designer and producer of electrical gentle and medium-duty business autos. Cenntro's purpose-built ECVs are designed to serve quite a lot of organizations in assist of metropolis providers, last-mile supply, and different business purposes. Cenntro has dedicated to steer the transformation of business fleets to zero-emissions autos and develop a full line of zero-emission business autos by means of scalable, decentralized manufacturing, and good driving options empowered by the Cenntro iChassis. For extra data, please go to Cenntro's web site at: <a target="_blank" rel="nofollow noopener" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cenntroauto.com&esheet=53350557&newsitemid=20230227005542&lan=en-US&anchor=www.cenntroauto.com&index=2&md5=6a200083be52a8fa5cacc9546c6da181">www.cenntroauto.com</a>.</p><p><b>Ahead-Wanting Statements</b></p><amp-fx-flying-carpet height="600" data-reactroot="" class="i-amphtml-layout-fixed-height i-amphtml-layout-size-defined" style="height:600px;" i-amphtml-layout="fixed-height"><amp-ad data-block-on-consent="" data-lazy-fetch="true" data-slot="/15188745,4107070/Benzinga-AMP/AMP-FlyingCarpet" height="600" layout="fixed" rtc-config="{"urls":["https://api.floors.dev/sgw/v1/amp/floors?k=QBNaieBwWeBYMRGsreCNdCsuWLTtmZ&data-slot=/15188745/Benzinga-AMP/AMP-FlyingCarpet"],"vendors":{"aps":{"PARAMS":{"amp":"1"},"PUB_ID":"600","PUB_UUID":"16268e26-dabe-4bf4-a28f-b8f4ee192ed3"},"criteo":{"NETWORK_ID":4905,"PUBLISHER_SUB_ID":"Benzinga-AMP-FlyingCarpet","ZONE_ID":1382492},"medianet":{"CID":"8CU8ZT2C4"},"t13":{"ACCOUNT_ID":"9a3c6c23-453a-4cba-b419-30b908f39a50","TAG_ID":"f62c6d8b-6b03-4ae3-a4f0-d8b1f6631f58"}}}" type="doubleclick" width="300" class="i-amphtml-layout-fixed i-amphtml-layout-size-defined" style="width:300px;height:600px;" i-amphtml-layout="fixed"/></amp-fx-flying-carpet><p>This communication comprises "forward-looking statements" throughout the that means of the protected harbor provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements embody all statements that aren't historic info. Such statements could also be, however needn't be, recognized by phrases akin to "could,'' "consider,'' "anticipate,'' "might,'' "ought to,'' "intend,'' "plan,'' "will,'' "goal(s),'' "can,'' "would,'' "count on(s),'' "estimate(s),'' "venture(s),'' "forecast(s)'', "positioned,'' "roughly,'' "potential,'' "purpose,'' "technique,'' "outlook'' and comparable expressions. Examples of forward-looking statements embody, amongst different issues, statements relating to meeting and distribution capabilities, decentralized manufacturing, and totally digitalized autonomous driving options. All such forward-looking statements are primarily based on administration's present beliefs, expectations and assumptions, and are topic to dangers, uncertainties and different elements that might trigger precise outcomes to vary materially from the outcomes expressed or implied on this communication. For extra dangers and uncertainties that might affect Cenntro's forward-looking statements, please see disclosures contained in Cenntro's public filings with the SEC, together with the "Danger Elements" in Cenntro's Annual Report on Kind 20-F filed with the Securities and Trade Fee on April 25, 2022 and which can be considered at <a target="_blank" rel="nofollow noopener" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=53350557&newsitemid=20230227005542&lan=en-US&anchor=www.sec.gov&index=3&md5=1c38b2234c22e42b6d00af2e64567cc6">www.sec.gov</a>.</p><p id="mmgallerylink"> View supply model on businesswire.com: <a target="_blank" href="https://www.businesswire.com/news/home/20230227005542/en/" rel="nofollow noopener">https://www.businesswire.com/news/home/20230227005542/en/</a> </p></div><p>© 2023 Benzinga.com. Benzinga doesn't present funding recommendation. 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