{"id":728880,"date":"2023-02-06T08:35:30","date_gmt":"2023-02-06T13:35:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cenntro-begins-production-of-battery-packs-in-united-states-and-germany-facilities\/"},"modified":"2023-02-06T08:35:30","modified_gmt":"2023-02-06T13:35:30","slug":"cenntro-begins-production-of-battery-packs-in-united-states-and-germany-facilities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cenntro-begins-production-of-battery-packs-in-united-states-and-germany-facilities\/","title":{"rendered":"Cenntro Begins Production of Battery Packs in United States and Germany Facilities"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Cenntro Begins Production of Battery Packs in United States and Germany Facilities<\/b><\/p>\n<p class=\"bwalignc\"><i>Initial Packs to be Installed in Metro Vehicle Line and Incorporate LFP Battery Cells and Proprietary Battery Management Technologies<\/i><\/p>\n<p>FREEHOLD, N.J.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcenntroauto.com%2F&amp;esheet=53302344&amp;newsitemid=20230206005221&amp;lan=en-US&amp;anchor=Cenntro+Electric+Group+Limited&amp;index=1&amp;md5=0b902f866d313f71401d531336cf018e\">Cenntro Electric Group Limited<\/a> (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that it has begun to assemble and produce battery packs using lithium iron phosphate (\u201cLFP\u201d) battery cells and Cenntro\u2019s proprietary battery management technologies. The battery packs are being assembled at Cenntro\u2019s Freehold, NJ facility and the Herne Plant in Germany.\n<\/p>\n<p>\nThe 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\u2019s Metro Series commercial vehicles.\n<\/p>\n<p>\n\u201cBy 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,\u201d said Peter Wang, Chairman, and CEO. \u201cOur ability to support multiple battery assembly operations demonstrates our effort and commitment to promoting local sourcing and local production.\u201d\n<\/p>\n<p>\nThe 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.\n<\/p>\n<p><b>About Cenntro Electric Group<\/b><\/p>\n<p>\nCenntro Electric Group Ltd. (or &#8220;Cenntro&#8221;) (NASDAQ: CENN) is a leading designer and manufacturer of electric light and medium-duty commercial vehicles. Cenntro&#8217;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&#8217;s website at: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cenntroauto.com&amp;esheet=53302344&amp;newsitemid=20230206005221&amp;lan=en-US&amp;anchor=www.cenntroauto.com&amp;index=2&amp;md5=ebf227a0524cc5ef5fcb8055bc6f0643\">www.cenntroauto.com<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis communication contains &#8220;forward-looking statements&#8221; 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 &#8220;may,&#8221; &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;will,&#8221; &#8220;aim(s),&#8221; &#8220;can,&#8221; &#8220;would,&#8221; &#8220;expect(s),&#8221; &#8220;estimate(s),&#8221; &#8220;project(s),&#8221; &#8220;forecast(s)&#8221;, &#8220;positioned,&#8221; &#8220;approximately,&#8221; &#8220;potential,&#8221; &#8220;goal,&#8221; &#8220;strategy,&#8221; &#8220;outlook&#8221; 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&#8217;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\u2019s forward-looking statements, please see disclosures contained in Cenntro&#8217;s public filings with the SEC, including the &#8220;Risk Factors&#8221; in Cenntro&#8217;s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022 and which may be viewed at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53302344&amp;newsitemid=20230206005221&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=3&amp;md5=5af60a82b579c1c9ba1c6cbea1a5b5a7\">www.sec.gov<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230206005221r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230206005221\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230206005221\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations Contact:<br \/>\n<\/b><br \/>Chris Tyson<br \/>\n<br \/>MZ North America<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:CENN@mzgroup.us\">CENN@mzgroup.us<br \/>\n<\/a><br \/>949-491-8235\n<\/p>\n<p><b>KEYWORDS:<\/b> Germany Europe United States North America New Jersey<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> EV\/Electric Vehicles Sustainability Batteries Alternative Vehicles\/Fuels Transportation Technology Automotive Environment Travel Green Technology Automotive Manufacturing Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230206005221\/en\/1705474\/3\/Cenntro_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Cenntro Begins Production of Battery Packs in United States and Germany Facilities Initial Packs to be Installed in Metro Vehicle Line and Incorporate LFP Battery Cells and Proprietary Battery Management Technologies FREEHOLD, N.J.&#8211;(BUSINESS WIRE)&#8211;Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that it has begun to assemble and produce battery packs using lithium iron phosphate (\u201cLFP\u201d) battery cells and Cenntro\u2019s proprietary battery management technologies. The battery packs are being assembled at Cenntro\u2019s 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\u2019s Metro &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cenntro-begins-production-of-battery-packs-in-united-states-and-germany-facilities\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cenntro Begins Production of Battery Packs in United States and Germany Facilities&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-728880","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cenntro Begins Production of Battery Packs in United States and Germany Facilities - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cenntro-begins-production-of-battery-packs-in-united-states-and-germany-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cenntro Begins Production of Battery Packs in United States and Germany Facilities - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cenntro Begins Production of Battery Packs in United States and Germany Facilities Initial Packs to be Installed in Metro Vehicle Line and Incorporate LFP Battery Cells and Proprietary Battery Management Technologies FREEHOLD, N.J.&#8211;(BUSINESS WIRE)&#8211;Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that it has begun to assemble and produce battery packs using lithium iron phosphate (\u201cLFP\u201d) battery cells and Cenntro\u2019s proprietary battery management technologies. The battery packs are being assembled at Cenntro\u2019s 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. 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The battery packs are being assembled at Cenntro\u2019s 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. 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