Cenntro begins production of battery packs in United States and Germany facilities.
Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, announced that it has begun to assemble and produce battery packs using lithium iron phosphate (“LFP”) battery cells and Cenntro’s proprietary battery management technologies. The battery packs are being assembled at Cenntro’s Freehold, NJ facility and the Herne Plant in Germany.
The resulting battery packs will offer longer cycle life and faster rates of charge, along with safer operations. The battery packs will initially be installed in Cenntro’s Metro Series commercial vehicles.
Peter Wang, Chairman, and CEO, said:
By manufacturing our own battery packs, we hope to enhance supply chain efficiency, improve battery resilience, and ultimately have better control over one of the most strategic elements in our supply chain.
“Our ability to support multiple battery assembly operations demonstrates our effort and commitment to promoting local sourcing and local production.”
The in-house assembly of the battery packs will initially utilize externally sourced battery cells. Cenntro will continue developing additional battery packs for its product line and, in the future, incorporate battery cells produced by its subsidiary Cennatic Power, Inc.
About Cenntro Electric Group
Cenntro Electric Group Ltd. (or “Cenntro”) (NASDAQ: CENN) is a leading designer and manufacturer of electric light and medium-duty commercial vehicles. Cenntro’s purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery, and other commercial applications.
Cenntro has committed to lead the transformation of commercial fleets to zero-emissions vehicles and develop a full line of zero-emission commercial vehicles through scalable, decentralized production, and smart driving solutions powered by the Cenntro iChassis. For more information, please visit Cenntro’s website at: www.cenntroauto.com.
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Cenntro Begins Production of Battery Packs in United States and Germany Facilities, FREEHOLD, N.J., February 6, 2023
