Cenntro Announces Expansion of Logistar All-Electric Commercial Product Line
September 02 2022 - 6:30AM
Business Wire
New Logistar 260 Targeted for the Trades,
Logistics Solutions, and Facility Management 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 another expansion of the
Logistar series, the new Logistar 260. The All-Electric commercial
van is scheduled for initial deliveries in the first quarter of
2023 to Europe followed by launches in Asia, the Caribbean, and
South American markets.
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Logistar 260 (Photo: Business Wire)
The Logistar 260, or LS 260, is positioned above the Logistar
200 and defines a new size in the van segment. With dimensions of
5.50 meters long, 1.85 meters wide and a height of 2 meters, the LS
260 offers a cargo space of 7.5 cubic meters or 265 cubic feet, two
side loading doors and convenient rear doors with a loading opening
of up to 270°.
The load volume, payload and range of the Logistar 260 will be
targeted for a wide range of applications in the trades, couriers,
express and parcel services, logistics solutions, and facility
management.
The LS 260 is expected to pass all homologation tests in
accordance with European Union (EU) standards and requirements and
receive EU type approval at the end of 2022.
“The Logistar 260 rounds out Cenntro’s commercial vehicle
lineup, providing fleets and businesses with best-in-class EV
technology that supports the most robust operating cycles," said
Peter Wang, Chairman and Chief Executive Officer of Cenntro. "Our
goal is to offer adaptable electric vehicles to our customers. The
LS 260 is a very unique and expressive vehicle with its extroverted
design and compelling interior. We are confident that the Logistar
260, with its aluminum body and unique dimensions, will meet our
customers' needs without sacrificing function and performance.”
The Logistar 260 and Logistar 100 will make their world
premieres at the upcoming IAA Transportation Exhibition taking
place September 20-25 in Hannover, Germany.
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/20220902005134/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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