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16.05.25 - 14:39
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Cenntro Announces First Quarter 2025 Financial Results (Business Wire)
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FREEHOLD, N.J.--(BUSINESS WIRE)--Cenntro Inc. (NASDAQ: CENN) (“Cenntro” or “the Company”), a pioneering innovator in electric commercial vehicles, with advanced, market-validated, and purpose-built vehicle and smart technology products, has reported its financial and operational results for the three months ended March 31, 2025.
First Quarter 2025 Financial and Operational Highlights:
First quarter 2025 net revenue of $2.1 million decreased 8.5% compared to $2.3 million for the first quarter 2024.
Adjusted EBITDA loss for the first quarter of 2025 of ($4.0) million compared to a loss of ($6.4) million for the first quarter of 2024.
Sold 129 Electric Commercial Vehicles in the first quarter of 2025, an increase of 34% over the prior year period.
Sold 31 Avantier™ vehicles in Europe and South American markets in the first quarter of 2025 compared to 12 vehicles in the first quarter of 2024.
Sold 27 iChassis units in the first quarter of 2025 compared to 227 units in the first quarter of 2024.
Pete...
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02.04.25 - 14:54
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Cenntro Announces Full Year 2024 Financial Results (Business Wire)
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FREEHOLD, N.J.--(BUSINESS WIRE)--Cenntro Inc. (NASDAQ: CENN) (“Cenntro” or “the Company”), a pioneering innovator in electric commercial vehicles, with advanced, market-validated, and purpose-built vehicle and smart technology products, has reported its financial and operational results for the year ended December 31, 2024.
Full Year 2024 Financial and Operational Highlights:
Year 2024 net revenue of $31.3 million increased 200.2% compared to $10.4 million for the year of 2023.
United States (“US”) sales volume increased to $19.3 million in the year of 2024 from $0.4 million for the year of 2023.
Adjusted EBITDA loss for the year of 2024 of $28.2 million compared to a loss of $39.3 million for the year of 2023.
Sold 1,122 Electric Commercial Vehicles in the year of 2024.
Sold 145 Logistar™ 400 Class 4 vehicles in the US market compared to 1 vehicle in the year of 2023.
Sold 492 Avantier™ vehicles in Europe and South American markets in the year of 2024 compared to 97 vehicles in the year o...
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08.01.25 - 15:01
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Cenntro liefert 500 elektrische Leicht-Transporter nach Japan (Electrive)
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Der amerikanische E-Nutzfahrzeug-Hersteller Cenntro gibt einen Auftrag über 500 E-Leichtfahrzeuge aus Japan bekannt. Die strombetriebenen Klein-Transporter vom Typ Metro MR baut Cenntro aktuell in seiner Fabrik in China, die Auslieferung ist noch für dieses Quartal vorgesehen....
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