Cenntro Expands EV Lineup: Launches 2 New Electric Vehicles for European Market | CENN Stock News

Cenntro's subsidiary, Avantier Motors , has launched two new electric vehicles for the European market: the Avantier Ex, a mini electric commercial vehicle, and the Avantier Commuter, an entry-level electric passenger car. The expansion follows the successful introduction of the Avantier C in late 2022, which sold over 500 units across Europe. The Avantier Ex is an EU Type L7e vehicle designed for last-mile delivery, while the Avantier Commuter is an EU Type M1 four-seat passenger car targeting urban commuters seeking affordable electric transportation.

La filiale di Cenntro, Avantier Motors, ha lanciato due nuovi veicoli elettrici per il mercato europeo: l'Avantier Ex, un mini veicolo commerciale elettrico, e l'Avantier Commuter, un'auto passeggeri elettrica entry-level. Questa espansione segue l'introduzione di successo dell'Avantier C alla fine del 2022, che ha venduto oltre 500 unità in tutta Europa. L'Avantier Ex è un veicolo di tipo L7e dell'UE progettato per le consegne dell'ultimo miglio, mentre l'Avantier Commuter è un'auto passeggeri di tipo M1 a quattro posti che si rivolge ai pendolari urbani in cerca di un trasporto elettrico economico.

La subsidiaria de Cenntro, Avantier Motors, ha lanzado dos nuevos vehículos eléctricos para el mercado europeo: el Avantier Ex, un vehículo comercial eléctrico mini, y el Avantier Commuter, un coche de pasajeros eléctrico de nivel de entrada. La expansión sigue la exitosa introducción del Avantier C a finales de 2022, que vendió más de 500 unidades en toda Europa. El Avantier Ex es un vehículo tipo L7e de la UE diseñado para la entrega de última milla, mientras que el Avantier Commuter es un coche de pasajeros tipo M1 de cuatro asientos dirigido a los viajeros urbanos que buscan un transporte eléctrico asequible.

맨토르의 자회사인 Avantier Motors는 유럽 시장을 위한 두 개의 새로운 전기차를 출시했습니다: 미니 전기 상업용 차량인 Avantier Ex와 입문형 전기 승용차인 Avantier Commuter입니다. 이 확장은 2022년 말에 성공적으로 출시된 Avantier C에 이어 진행되며, 이는 유럽 전역에서 500대 이상 판매되었습니다. Avantier Ex는 마지막 마일 배달을 위해 설계된 EU 타입 L7e 차량이고, Avantier Commuter는 저렴한 전기 교통 수단을 찾는 도시 통근자를 겨냥한 EU 타입 M1의 4인승 승용차입니다.

La filiale de Cenntro, Avantier Motors, a lancé deux nouveaux véhicules électriques pour le marché européen : le Avantier Ex, un mini véhicule utilitaire électrique, et le Avantier Commuter, une voiture particulière électrique d'entrée de gamme. Cette expansion fait suite à l'introduction réussie de l'Avantier C fin 2022, qui a vendu plus de 500 unités à travers l'Europe. L'Avantier Ex est un véhicule de type L7e de l'UE conçu pour la livraison de dernier kilomètre, tandis que l'Avantier Commuter est une voiture particulière de type M1 à quatre places visant les navetteurs urbains à la recherche d'un transport électrique abordable.

Die Tochtergesellschaft von Cenntro, Avantier Motors, hat zwei neue Elektrofahrzeuge für den europäischen Markt auf den Markt gebracht: den Avantier Ex, ein elektrisches Mini-Nutzfahrzeug, und den Avantier Commuter, ein Einstiegselektro-Pkw. Die Expansion folgt der erfolgreichen Einführung des Avantier C Ende 2022, das über 500 Einheiten in ganz Europa verkauft hat. Der Avantier Ex ist ein EU Typ L7e Fahrzeug, das für die letzte Meile der Lieferung konzipiert ist, während der Avantier Commuter ein EU Typ M1 Vier-Sitzer-PKW ist, der sich an städtische Pendler richtet, die nach einer erschwinglichen elektrischen Transportlösung suchen.

The launch of two new electric vehicle models by Cenntro's subsidiary shows moderate market potential but faces significant challenges. While the previous Avantier C's sales of 500 units demonstrates some market acceptance, it's a relatively modest number in the competitive European EV market. The expansion into both commercial (Avantier Ex) and consumer (Avantier Commuter) segments indicates a strategic diversification, but without pricing details or specific performance metrics, it's difficult to assess competitive advantages.

The last-mile delivery sector presents a growing opportunity, particularly with increasing e-commerce demands. However, Cenntro faces intense competition from established automakers and new EV entrants. With a market cap of just $38.8 million, the company's ability to scale production and maintain competitive positioning remains uncertain. The lack of specific sales targets, production capacity details, or financial projections makes this announcement's material impact unclear.

Strong Reception of the Avantier C Signaled Demand for Additional Models

FREEHOLD, N.J.--(BUSINESS WIRE)--Cenntro Inc. (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, announces its wholly owned subsidiary, Avantier Motors Corporation, has launched two new electric vehicle models tailored for the European market; the Avantier Ex, a mini electric commercial vehicle, and the Avantier Commuter, an entry-level electric passenger car. Both models join Avantier’s existing product line as the company continues its mission to revolutionize urban mobility through innovative, sustainable electric vehicles.

Avantier Ex, left, and Avantier Commuter, right (Photo: Business Wire)

Avantier Motors Corporation first introduced the Avantier C mini electric commercial vehicle in late 2022, capturing a substantial European market segment with over 500 units sold across various countries. The strong reception of the Avantier C signaled demand for additional models, leading to the development of the Avantier Ex and Avantier Commuter, each designed to meet specific needs in urban mobility.

The Avantier Ex, classified as an EU Type L7e electric mini commercial vehicle, is purpose-built for neighborhood delivery operations, offering an eco-friendly solution for the growing last-mile delivery sector. Its compact design, similar to the Avantier C, is ideal for navigating urban spaces with ease and efficiency. Meanwhile, the Avantier Commuter, an EU Type M1 electric vehicle, is a four-seat passenger car crafted to meet the demands of urban commuters seeking a sustainable, affordable entry-level electric option.

“We are very happy to announce our new vehicle models for the European market,” said Ethan Chen, President of Avantier Motors. “Our team worked tirelessly to bring these new vehicles to market after the success of the Avantier C. We remain committed to meeting market demands and will continue developing advanced electric vehicle models tailored to evolving transportation needs.”

About Avantier Motors Corporation

Headquartered in New Jersey, Avantier Motors Corporation is a U.S.-based leader in electric vehicle solutions for city and urban mobility. A wholly owned subsidiary of Cenntro Inc., Avantier Motors focuses on the European market, where its first mini electric commercial vehicle launched in 2022. With European Union Type Approval, Avantier has successfully expanded its footprint across Italy, Spain, Germany, France, Poland, and Hungary.

About Cenntro

Cenntro (NASDAQ: CENN) is a leading maker and provider of electric commercial vehicles (“ECVs”). Cenntro's purpose-built ECVs are designed to serve a variety of commercial applications inclusive of its line of class 1 to class 8 trucks. Cenntro is building a globalized supply-chain, as well as the manufacturing, distribution, and service capabilities for its innovative and reliable products. Cenntro continues to evolve its products capabilities through advanced battery, powertrain, and smart driving technologies. For more information, please visit Cenntro's website at: www.cenntroauto.com.

Forward-Looking Statements

This communication contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. Such statements may be, but need not be, identified by words such as "may," "believe," "anticipate," "could," "should," "intend," "plan," "will," "aim(s)," "can," "would," "expect(s)," "estimate(s)," "project(s)," "forecast(s)," "positioned," "approximately," "potential," "goal," "strategy," "outlook" and similar expressions. Examples of forward-looking statements include, among other things, statements regarding assembly and distribution capabilities, decentralized production, and fully digitalized autonomous driving solutions. All such forward-looking statements are based on management's current beliefs, expectations and assumptions, and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied in this communication. For additional risks and uncertainties that could impact Cenntro’s forward-looking statements, please see disclosures contained in Cenntro's public filings with the SEC, including the "Risk Factors" in Cenntro's Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 1, 2024 and which may be viewed at www.sec.gov.

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Investor Relations Contact:Chris TysonMZ North [email protected]

Company Contact:[email protected]@cenntroauto.com

Source: Cenntro Inc.