STOCK TITAN

Cenntro Inc. - $CENN STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cenntro's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cenntro's position in the market.

Rhea-AI Summary
Cenntro Electric Group Limited (NASDAQ: CENN) has regained compliance with Nasdaq Listing Rule 5250(c)(1) by filing its 2022 Form 10-K and Q1 Form 10-Q with the SEC. The company received a written notice from Nasdaq confirming its compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.85%
Tags
-
Rhea-AI Summary
Cenntro Electric Group Limited (NASDAQ: CENN) announced its Q1 2023 financial results, reporting a 90% increase in net revenue to $3.5 million. The increase was driven by higher average selling prices and an expanded go-to-market strategy. The company also highlighted the commencement of production at its assembly facilities in Florida and New Jersey, as well as the assembly and production of battery packs using lithium iron phosphate cells in the US and Germany. Cenntro premiered five new vehicles at the 2023 Consumer Electronics Show and entered Central and Latin American markets. Despite a decrease in sales volume, the company achieved an increase in net revenue and had $91.8 million in cash and cash equivalents as of March 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
Tags
-
Rhea-AI Summary
Cenntro Electric Group Limited will hold its annual general meeting on September 1, 2023, at 8:30 a.m. Eastern Time. Shareholders can attend in person or vote online through ProxyVote.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
Tags
none
Rhea-AI Summary
Cenntro Electric Group Limited (NASDAQ: CENN) has received written notices from Nasdaq stating that it complies with the listing rule and has been granted an exception to regain compliance. The company has until August 15, 2023, to submit its quarterly financial results. Failure to do so may result in delisting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.8%
Tags
none
-
Rhea-AI Summary
Cenntro Electric Group Limited is expanding its sales and large-scale deployment of electric commercial vehicles on the West Coast with the addition of an assembly plant in Ontario, California. This is Cenntro's third assembly facility in the U.S. and will allow the company to scale sales in one of the largest EV markets in the country. The facility is scheduled to be operational this quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.42%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Cenntro Inc.

Nasdaq:CENN

CENN Rankings

CENN Stock Data

44.09M
22.00M
28.64%
1.02%
2.76%
Automobile Manufacturing
Manufacturing
Link
United States of America
FREEHOLD

About CENN

cenntro automotive corporation designs and manufactures 100% electric vehicles in the united states with additional operations in europe and china. cenntro automotive is positioned to become the global leader in production of emission-free vehicles that reach 200+ mpge, including the versatile metro™, a lightweight all electric commercial utility vehicle.