We are looking forward to "CENNTRO DAY 2024"!šš
"Cenntro Day 2024" at the Ontario Convention Center in Ontario, #California Tuesday, October 22, 2024!!
Contribute to a more sustainable future!
#Logistar#CENN#CENNTRO#EV#ElectricVehicles - $CENN
#CENN#CENNTRO - $CENN
Aug. 14, 2024 - Link ā¬ļø
https://t.co/AMLS8PlsbW
Cenntro Announces Second Quarter
2024 Financial Results
Second Quarter 2024 Financial
and Operational Highlights:
⢠Second quarter 2024 net revenue
ofĀ $8.32 millionĀ increased 96.4%
compared toĀ $4.24 millionĀ for the
second quarter of 2023.
⢠U.S. sales volume increased to $4.9
millionĀ in the second quarter of 2024
fromĀ $33,000Ā for the second quarter
of 2023.
⢠Adjusted EBITDA loss for the
second quarter of 2024 of $7.27
million compared to a loss of $12.5
million for the second quarter of
2023.
⢠Sold 255 Electric Commercial
Vehicles in the second quarter of
2024.
⢠Sold 33 Logistar 400 Class 4
vehicles in the U.S. market compared
to zero in the second quarter of 2023.
⢠Sold 53 Avantier vehicles
inĀ EuropeĀ and South American
markets in the second quarter of
2024 compared to zero in the second
quarter of 2023.
⢠Sold 429 iChassis kits in the second
quarter of 2024 compared to zero in
the second quarter of 2023.
⢠OntarioĀ assembly facility inĀ
CaliforniaĀ began full assembly
operations in the second quarter of
2024.
Peter Wang, chief executive officer,
explained: āThe second quarter of
2024 demonstrated a strong
cadence of Cenntro products being
sold and delivered in the U.S. market.
In the second quarter we sold 255
vehicles compared to 235 vehicles in
the prior year period. We sold 429
units of our iChassis in the second
quarter, although these units are not
inclusive of the number of vehicles
sold because iChassis is not
considered a complete vehicle. We
anticipate sales momentum will
continue to build in the quarters
ahead due to our sales process and
growth strategy.
During the second quarter of 2024
we continued our introduction of
next-generation vehicles with the
newest LogistarĀ® series model, the
LogistarĀ® 210 ('LS210') being sold in
the European and other global
markets. The LS210 is a light duty
electric commercial vehicle
customized for transporting light
goods in urban areas, replacing the
LS200 because it meets new
European regulations. We also
recently received a California Air
Resources Board ('CARB') 'Executive
Order' and a 'Certificate of
Conformity' from the United States
Environmental Protection Agency for
the LogistarĀ® 300 model. We are
working diligently to develop new
vehicle models to align with the
demands of the market, and keep
pace with new regulations,
technologies and features.
āOperationally, we established a
California-based electric commercial
vehicles ('ECVs') production and
distribution assembly facility to
support expanding sales in the U.S.
west coast market in Ontario,
California. Our California facility has
full-scale production capabilities for
the LS400, Metro and future vehicle
models to be sold in the U.S. As of
June of this year, the California
facility assembled and delivered over
three dozen LS400 units to west
coast customers. With our expanded
production capacity in California, we
believe we are positioned for more
efficient delivery of our EVs to the
west coast market.
Looking ahead, we will continue to
build on strength of our financial and
operational results in 2024 and
beyond. Our focus is on expanding
our geographic footprint for
production, distribution, and service
infrastructure. We look forward to
providing additional updates in the
months to come as we work to create
long-term value for our
stockholders,ā concluded Mr. Wang.
Second Quarter 2024
Financial Results
Post link ā¬ļø
https://t.co/UdAr2YQl7K
ā
#CENN#CENNTRO - $CENN
#EV#ElectricVehicles
ā
2023 Q1-2-3-4 | 2024 Q1
| Cenntro | Vehicles & iChassis &
Top 3 Vehicles & iChassis Sold
ā
The shortsqueeze will kick in slowly on $CENN. Once over $2.40 you will see volume kick in. Many gaps will trigger many margin calls. $CENN #CENN#shortsqueeze
#CENN#CENNTRO - $CENN
#EV#ElectricVehicles
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Article - May. 12, 2024
[ Cenntro ] Fuli Shopping Plaza
Budapest, #Hungary
--
other Cenntro post links
at Fuli Shopping Plaza ā¬ļø
https://t.co/v1yuUDvADf
&
https://t.co/tSMLZhPD3U
--
#CENN#CENNTRO - $CENN
#EV#Electricvehicles
-
NEW ARTICLE : Apr. 8, 2024
Jacksonville Daily Record | LINK ā¬ļø
https://t.co/z9Cn1wsp3O
[ 1st ARTICLE : Apr. 5, 2024 | LINK ā¬ļø
https://t.co/bA7GCFvFrd
Chances of Northeast Florida
landing automated vehicle plant
estimated at 50-50
[ ADDITIONAL INFORMATION ]
From a paid Article - info not
mentioned in the above Articles -
The unnamed company is a
subsidiary of a global leader in
the automotive industry.
--
Wow! An EV Company posted +377.8% Y/Y Revenue and the stock didn't even budge. š
If a stock triples it's revenue in the middle of the woods, and no one's there to see it... Does it realize gains?
$CENN
#EVInvesting#EV#InvestingIdeas#TheFutureIsElectric#ElectricVehicles
#CENN#CENNTRO ⢠$CENN
#ELECTRICVEHICLE#EV
ā¢
Peter Wang : China has allowed
autonomous delivery trucks operating
with real road traffic using the truck built by @CenntroMotors
[ Zelos Autonomous Delivery Vehicle ]
Cenntro #iChassis
ā¢