Cenntro's New Logistar 100 Vehicle Rolls off Production Line
August 24 2022 - 8:31AM
Business Wire
Delivery to Europe Scheduled for September
2022
Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV
technology company with advanced, market-validated electric
commercial vehicles, today announced its first Logistar 100s, a
light electric commercial van, rolled off the production line and
are scheduled for delivery beginning September to Europe followed
by launches in Asia, the Caribbean, and South America markets.
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Cenntro Logistar 100 (Photo: Business
Wire)
The Logistar 100, or LS 100, is a versatile, compact light cargo
van purpose-built to serve diverse commercial applications,
especially in population-dense urban areas. The vehicle has a range
of 74 miles (118 kilometers) (WLTP), 1151 lbs. (525 kg) of payload,
and a cargo capacity of 73.3 cubic feet (2 cubic meters). The
combination of its cargo space and multiple entry points at the
side and rear of the vehicle makes the LS100 ideal for multiple
applications, including package delivery, trade and maintenance
services, hospitality, and catering.
The LS100 completed all homologation tests in compliance with
the standards and requirements of the European Union (EU) in July
and received type approval from the EU in August. As a result, the
LS100 is eligible for sale in all 27 EU member states and other
countries that adopt EU vehicle homologation standards.
"The Logistar 100 reflects our desire to serve the needs of an
increasingly diverse market," said Peter Wang, Cenntro's Chairman,
and Chief Executive Officer. "The LS100 expands our product line
and responds to customer needs for an adaptable electric vehicle,
particularly for Europe, one of our key markets. The LS100’s size
and capacity offer fleets and business owners a true electric
vehicle choice to meet their needs without sacrificing function or
performance."
The Logistar 100 will make its world premiere at the upcoming
IAA Transportation Exhibition from September 20-25 in Hanover,
Germany. Learn more at www.iaa-transportation.com/en.
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
plans to lead the transformation in the automotive industry through
scalable, decentralized production, and smart driving solutions
empowered by the Cenntro iChassis. As of December 31, 2021, Cenntro
has sold or put into service more than 3,700 vehicles in over 25
countries across North America, Europe, and Asia. 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 20-F filed with
the Securities and Exchange Commission on April 25, 2022 and which
may be viewed at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20220824005436/en/
Investor Relations Contact:
Chris Tyson MZ North America CENN@mzgroup.us 949-491-8235
Company Contact:
PR@cenntroauto.com IR@cenntroauto.com
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