Cenntro Electric Group LtdFRA Cenntro Electric Stock Report

Cenntro Electric Group Ltd. is an EV technology company that designs and manufactures electric light and medium duty commercial vehicles. The company is headquartered in Freehold, New Jersey. The company went IPO on 2018-06-20. The firm is a designer and manufacturer of electric light- and medium-duty commercial vehicles (ECVs). Its ECVs are designed to serve a variety of corporate and governmental organizations in support of city services, last-mile delivery and other commercial applications. Its ECV models include Metro, Logistar 400, Logistar 200, Neibor 200 and ORV. Its business model allows it to both design, manufacture, assemble, homologate and sell ECVs to third parties for distribution and service to end-users and distribute manufactured vehicle kits, which are then assembled, homologated, sold and serviced by third parties in their respective markets. The company has also designed and developed in-house a telematics box, which allows its ECVs to send and receive data relating to location, speed, acceleration, braking and battery consumption, among others, to end-users.