Welcome to our dedicated page for Cenntro news (Ticker: CENN), a resource for investors and traders seeking the latest updates and insights on Cenntro stock.
Cenntro Inc (CENN) news hub provides investors and industry professionals with centralized access to official announcements and strategic developments from this innovative electric commercial vehicle manufacturer. Track all corporate updates through verified press releases and market-moving news related to Cenntro's emission-free transportation solutions.
This resource aggregates essential information including product launch announcements, strategic partnerships, and operational expansions across Cenntro's global markets. Users gain timely insights into the company's Metro, Logistar, and Neibor vehicle lines while monitoring progress in sustainable automotive technology.
Discover updates on Cenntro's engineering advancements, manufacturing capabilities, and distribution network growth. The curated news selection enables efficient tracking of the company's position within the competitive electric commercial vehicle sector without speculative commentary.
Bookmark this page for streamlined access to Cenntro's latest developments in clean transportation technology and corporate milestones. Regularly updated content supports informed analysis of the company's progress in America, Europe, and Asian markets.
Cenntro, a leader in electric commercial vehicles, has announced the opening of a new assembly and distribution facility in Ontario, California. This facility will support the company's expanding sales on the U.S. west coast. The California facility has full-scale production capabilities for the LS400 and Metro vehicle models and has already delivered over three dozen LS400 units. This strategic move aims to enhance production efficiency, reduce delivery times, and help customers electrify their fleets more effectively. Cenntro will continue to produce these models at its New Jersey facility to serve the east coast while winding down operations at its Florida site.
Cenntro, a prominent electric commercial vehicle manufacturer, has been added to the Russell Microcap Index effective June 28, 2024, following FTSE Russell's annual reconstitution.
This inclusion is part of the wider Russell US Indexes reconstitution that captures the 4,000 largest US stocks based on market capitalization as of April 30, 2024. Cenntro's membership in the Russell Microcap Index, which includes the smallest 1,000 securities in the Russell 2000 plus the next 1,000 smallest eligible securities by market cap, reflects its market position and growth potential.
FTSE Russell's indexes are important benchmarks for investment managers and institutional investors, representing approximately $10.5 trillion in assets as of December 2023.
Cenntro has announced the launch of its new Logistar® 210 (LS210) model, a next-generation light-duty electric commercial van, set to enter European and global markets.
The LS210, with European N1 type approval, replaces the LS200 and complies with the latest EU regulations for cybersecurity and software update management. The vehicle features advanced driver-assistance systems, crash avoidance, lane assist, and offers both left-hand and right-hand drive.
CEO Peter Wang emphasized the company's commitment to developing vehicles that meet market demands and incorporate new technologies.
Cenntro has delivered over 20 US-assembled Class 4 Logistar 400 (LS400) electric vehicles to customers and dealers in May 2024.
CEO Peter Wang expressed strong interest in the LS400 and future models, which are currently in testing and certification stages.
The company has obtained California Air Resources Board (CARB) and Zero-Emission Powertrain (ZEP) certifications, enhancing their ability to drive sales in California and support fleet electrification across the US.
Cenntro aims to reduce carbon footprints and operational costs for their fleet customers while developing new electric commercial vehicles for the US market.
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