Cenntro Electric Group Limited

NASDAQ:CENN   3:59:58 PM EDT
1.82
+0.05 (+2.82%)
Production Guidance, Products, Expansion

Cenntro Electric Group Expands Global Production Capacity With Acquisition Of Advanced Manufacturing Facility In China

Published: 05/13/2022 22:28 GMT
Cenntro Electric Group Limited (CENN) - Cenntro Electric Group Expands Global Production Capacity With Acquisition of Advanced Manufacturing Facility in China.
Cenntro Electric Group Ltd - Purchase Price of Approximately $19.5 Million.
Cenntro Electric Group Ltd - New 474,000 Square Foot Facility Will Allow Cenntro to Expand Its Production Capacity.
Cenntro Electric Group Ltd - New Facility is Expected to Begin Trial Production in Q3 of 2022.
Cenntro Electric Group - New Facility Will Have Expected Capacity of 50,000 Vehicles Annually Once Fully Operational.