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Stock impact report

Cenntro Establishes Assembly and Distribution Facility in Ontario, California to Serve U.S. Markets

Cenntro Inc. (CENN) 
Company Research Source: Business Wire
New Facility Reinforces Cenntro’s Commitment to Serve West Coast EV Markets 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, today announced the establishment of a California-based electric vehicle (“EV”) production and distribution assembly facility to support expanding sales in the United States (“U.S.”) west coast market.Cenntro’s Ontario, California assembly and distribution facility supports production operations with a strong focus on the U.S. west coast market. Our California facility has full-scale production capabilities for the LS400 and Metro vehicle models sold in the U.S.As of June of this year, the California facility has assembled and delivered over three dozen LS400 units to west coast customers. Production from this facility, with its shortened time from the port to the facility supports our North American sales initia Show less Read more
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