Cenntro Electric Group (NASDAQ: CENN) reports that it has begun shipping its multi-purpose, light electric commercial Logistar 200 vehicle to European markets. To date the company says that it has sold and delivered over 170 vehicles to local customers.
Cenntro’s LS200 EV is a multi-purpose, light commercial electric vehicle customized for transporting light goods in urban areas. Its N-1 Class urban delivery vehicle specially designed for the EU market. The LS200 hosts a one-ton payload and cargo space of 247 cubic feet when using a cargo box.
Peter Wang, Chairman and CEO of Cenntro commented: “We are very pleased with the strong reception of our LS200 product line in Europe. Despite supply chain and logistics challenges we have started shipping the LS200 to European markets, and are receiving positive feedback on the vehicle’s performance and abilities. Looking ahead, we will continue to ramp up sales, production, vehicle distribution and service infrastructure for the LS200 and our full EV portfolio.”
Cenntro Electric Group is a leading designer and manufacturer of electric light and medium-duty commercial vehicles. The company’s purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery, and other commercial applications.
Shares of Cenntro Electric Group trade on the NASDAQ under the ticker symbol CENN.
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