Cenntro Automotive is a Chinese electric vehicle (EV) manufacturer that was founded in 2015. The company specializes in producing electric commercial vehicles, including vans, trucks, and buses. Some of the vehicles that Cenntro Automotive has produced include the Cenntro City Delivery Van, Cenntro City Delivery Truck, and Cenntro City Bus. The company has focused on developing EVs that are tailored to the needs of urban delivery and transportation companies, with a focus on maximizing efficiency and minimizing costs.
Below are some pictures of just some of its products and services.
There are many factors that can affect a company’s competitive advantage in any market, such as the quality and features of their products, pricing, distribution, marketing, and branding strategies, and the overall business model. It would be helpful to gather as much information as possible about Cenntro Automotive and the electric vehicle market in China in order to make an informed assessment of the company’s competitive position.
Below is a recent PR From | Global News Wire |
Cenntro Produces and Delivers First Logistar 200 Light Urban Delivery Electric Vehicles to European Markets | December 27th 2022 |
Cenntro produced 628 electric vehicles in December 2021, its highest volume in a single month to date
Company reiterates 2022 delivery guidance for at least 20,000 vehicles as it continues to ramp up production facilities
FREEHOLD, N.J., Dec. 27, 2021 (GLOBE NEWSWIRE) — Cenntro Automotive (“Cenntro”, the “Company” or “We”), a leading EV technology company with advanced, market-validated commercial vehicles, today announced that it produced and shipped 628 the newly launched model Logistar 200, or LS200, a light urban delivery vehicle purpose-built to navigate European streets. The Company has experienced strong demand from its European and American customers for its new models. The company today also reaffirmed its 2022 guidance to deliver a minimum of 20,000 vehicles.
“We are excited about our achievements in December, the successful launch of new model LS 200 in the European markets, and the ability to ramp up our production for the different models. These are significant milestones for a successful electric vehicle business. We not only demonstrated our abilities to design and produce innovative electric vehicles that address the needs of growing market demand, but we also continue to demonstrate our capabilities to produce and deliver the vehicles to our customers.” said Peter Wang, Cenntro’s Chairman and Chief Executive Officer, “With the working capital injection from the merger with Naked Brand Group, and the market demand for our vehicles, we are confident that we will meet our production guidance of 20,000 vehicles next year. We are well positioned for accelerated growth in 2022 and beyond.”
