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Cenntro Inc. develops and supplies electric commercial vehicles for fleet, municipal, last-mile delivery and other commercial applications. The company’s vehicle portfolio includes Logistar, Avantier, Metro, iChassis, Teemak, Bison Motor and Antric One models, with purpose-built offerings that include class 1 to class 4 trucks and electric buses.
Recurring developments for CENN include product launches and deliveries, customer orders, regional assembly and distribution partnerships, vehicle type approvals and EPA certification for hydrogen fuel cell vehicles such as the BM860H. Company updates also address Nasdaq listing compliance, reverse stock-split actions, supply-chain and manufacturing capabilities, and technology work involving batteries, powertrains and smart-driving systems.
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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