Cenntro Stock Price, News & Analysis

Cenntro (NASDAQ: CENN) has announced the launch of its new "Avantier Commuter," an all-electric vehicle from its 2025 Avantier Model Series. The vehicle has received EU M1 Type Approval, enabling sales across all European Union countries and other regions accepting EU vehicle type approvals.

The Avantier Commuter is a four-seat, five-door passenger vehicle featuring 50kw power and an estimated range of up to 320 kilometers on a single charge. The company has already sold and delivered 66 vehicles since its market introduction earlier this year. The Avantier Model Series includes three variants: Avantier C, Avantier EX, and Avantier Commuter, all designed for urban and neighborhood mobility.

Cenntro (NASDAQ: CENN) has successfully delivered 71 special edition Logistar® 450P electric buses to QEV Technologies, a Spanish electric mobility solutions provider. The delivery is part of a larger order received in early 2025.

The LS450P model has received European Union M2 Type Approval, enabling its use for short-distance shuttle and public transportation services across Europe. This certification validates the vehicle's compliance with European safety and performance standards.

The company plans to continue production to fulfill the remainder of QEV's order and respond to market demands from distributors across Europe and other global markets.

Cenntro (NASDAQ: CENN) reported its Q1 2025 financial results, showing mixed performance. Net revenue decreased 8.5% to $2.1 million compared to Q1 2024, while Adjusted EBITDA loss improved to ($4.0) million from ($6.4) million. The company sold 129 Electric Commercial Vehicles, up 34% year-over-year. Notable achievements include delivering 34 Logistar 450P vans to QEV Technologies in Spain (part of a 200-vehicle order) and securing a 500-vehicle order for customized Metro MR vehicles in Japan. The company's Ontario facility delivered 14 vehicles to North American customers. Operating expenses decreased to $6.5 million from $8.0 million, and net loss improved to $5.4 million from $7.8 million. Cash position stood at $8.5 million as of March 31, 2025, down from $12.5 million at year-end 2024.

Cenntro (NASDAQ: CENN) reported its full-year 2024 financial results, showing significant growth with net revenue reaching $31.3 million, a 200.2% increase from 2023's $10.4 million. US sales notably jumped to $19.3 million from $0.4 million in 2023.

The company sold 1,122 Electric Commercial Vehicles in 2024, including 145 Logistar 400 Class 4 vehicles in the US, 492 Avantier vehicles in Europe and South America, and 911 iChassis units. Gross profit increased to $7.6 million with a 24.3% margin.

Despite improved sales, Cenntro reported an Adjusted EBITDA loss of $28.2 million, though better than 2023's loss of $39.3 million. The company's cash position stood at $12.5 million as of December 31, 2024, down from $28.8 million in 2023.

Cenntro (NASDAQ: CENN) announced the delivery of over 1,000 autonomous driving delivery vehicles with iChassis 100 platforms to third-party contractors in China during 2024. The iChassis 100, designed and manufactured by Cenntro, serves as a foundational component for autonomous commercial vehicles.

The company has developed dedicated autonomous vehicle production lines and testing facilities to support large-scale manufacturing. Following its initial production phase in 2023, Cenntro experienced strong demand for its iChassis platform and autonomous vehicle manufacturing capabilities both domestically and internationally. The company currently manufactures autonomous commercial vehicles exclusively for third-party contractors in China, where it plans to expand its footprint by integrating proprietary autonomous driving software and hardware.

Cenntro (NASDAQ: CENN) has secured an order for 200 special edition Logistar® 450P electric passenger vans from Spanish vehicle provider QEV Technologies. The company has received a 30% deposit for the first 47 units, scheduled for delivery in Q1 2025.

The LS450P model, jointly developed by QEV and Cenntro, has obtained European Union M2 Type Approval, enabling its use for short-distance shuttle services and public transportation. This positions the vehicle as a potential breakthrough offering in the European market.

The LS450P is the latest addition to Cenntro's Logistar LS450 model variations, designed to provide versatile, eco-friendly transportation solutions. The company anticipates growing demand for purpose-built electric vehicles as governments and businesses pursue sustainable transportation options.

Cenntro (NASDAQ: CENN) has secured an order for 500 customized Metro MR electric vehicles specifically designed for the Japanese market. The order, backed by a bank letter of credit, will be delivered in the first quarter of 2025 through the company's manufacturing facility, Zhejiang Cenntro Machinery Co.,

The Metro MR vehicles are specially tailored to meet Japan's market requirements, particularly suited for densely populated cities like Tokyo and Osaka. CEO Peter Wang views this as a strategic milestone that could lead to expanded market share in Japan, a region known for its demanding quality and performance standards.

Cenntro (NASDAQ: CENN) reported Q3 2024 financial results with net revenue of $16.7 million, up 190% from $5.8 million in Q3 2023. US sales volume increased to $10.3 million from $0.2 million year-over-year. The company sold 662 Electric Commercial Vehicles, including 78 Logistar 400 vehicles in the US and 334 Avantier vehicles in Europe and South America. Gross profit reached $4.0 million with a 24.2% margin. Despite improved sales, the company recorded a net loss of $9.0 million, reduced from $16.1 million in Q3 2023. Cash position stood at $21.8 million as of September 30, 2024.

Cenntro's subsidiary, Avantier Motors , has launched two new electric vehicles for the European market: the Avantier Ex, a mini electric commercial vehicle, and the Avantier Commuter, an entry-level electric passenger car. The expansion follows the successful introduction of the Avantier C in late 2022, which sold over 500 units across Europe. The Avantier Ex is an EU Type L7e vehicle designed for last-mile delivery, while the Avantier Commuter is an EU Type M1 four-seat passenger car targeting urban commuters seeking affordable electric transportation.