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Cenntro Inc., a leader in electric commercial vehicles, has announced a 500-unit order for its customized Metro MR vehicles tailored for the Japanese market. This significant deal, facilitated by its Zhejiang Cenntro Machinery Co., Ltd. manufacturing facility, underscores the company’s ability to deliver high-quality, market-specific solutions for discerning global markets. Delivery is scheduled for the first quarter of 2025, marking a key milestone in Cenntro’s growth strategy.
Key Highlights:
- 500-unit order of Metro MR vehicles, exclusively for Japan.
- Backed by a bank letter of credit, ensuring confidence in Cenntro’s financial and operational reliability.
- Vehicles designed to meet Japan’s rigorous quality and performance standards.
- Delivery planned for the first calendar quarter of 2025.
- Potential to unlock future opportunities in Japan’s high-demand market.
Peter Wang, CEO of Cenntro, stated, “Our Metro MR is an ideal electric delivery vehicle for densely populated cities like Tokyo and Osaka. We see significant potential in Japan as a strong market for ultra-light electric utility vehicles. We view this as a pivotal milestone that not only reinforces our presence in Japan but may set the stage for additional orders and expanded market share.”
The Metro MR, with its compact design and efficiency, is strategically aligned with the needs of densely populated urban areas. Cenntro aims to leverage this milestone to solidify its footprint in the Japanese market and enhance its global presence.
About Cenntro
Cenntro (NASDAQ: CENN) is a global leader in electric commercial vehicles, offering purpose-built models for a wide range of applications, from class 1 to class 8 trucks. The company focuses on advanced battery, powertrain, and smart driving technologies, supported by a robust global supply chain and manufacturing network. For more information, visit www.cenntroauto.com.
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