Announcement • Apr 01
Cenntro Inc. announced delayed annual 10-K filing On 03/31/2026, Cenntro Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Mar 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.49m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$20m free cash flow). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (185% increase in shares outstanding). Market cap is less than US$10m (US$9.49m market cap). Announcement • Jan 01
Cenntro Inc. Announces Board Changes, Effective December 23, 2025 Cenntro Inc. announced that on December 22, 2025, Mr. Gang “Gavin” Lin, the independent director of the Company notified the Board of Directors (the “Board”) of Cenntro Inc. of his decision to resign his position as an independent director and a member of the Audit Committee of the Board, effective on December 23, 2025. To fill the vacancy created by Mr. Lin’s resignation until the Company’s next annual general meeting called for the election of directors, the Board appointed Charles Athle Nelson to serve as an independent director and a member of the Audit Committee of the Board, effective on December 23, 2025. Mr. Charles Athle Nelson has been active in the capital markets for the past 35 years. He began his financial career as a market representative with American International Group and in 1979 joined Dean Witter Reynolds as a Financial Advisor, working with high net worth and institutional clients. In 1980, he joined Drexel Burnham and Lambert, and subsequently, at Ladenberg Thalmann and then at Auerbach Pollack and Richardson originated equity and investment banking transactions. Over the last 20 years, Mr. Nelson has been involved with financing companies in the fintech, healthcare and bio-pharma spaces through private equity and public financing including listings on the Nasdaq and the NYSE. Mr. Nelson holds a bachelor’s degree in arts from Villanova University and an MBA from Rutgers University. Reported Earnings • Nov 14
Third quarter 2025 earnings released: US$0.12 loss per share (vs US$0.29 loss in 3Q 2024) Third quarter 2025 results: US$0.12 loss per share (improved from US$0.29 loss in 3Q 2024). Revenue: US$4.57m (down 73% from 3Q 2024). Net loss: US$6.37m (loss narrowed 29% from 3Q 2024). Reported Earnings • Aug 14
Second quarter 2025 earnings released: US$0.23 loss per share (vs US$0.25 loss in 2Q 2024) Second quarter 2025 results: US$0.23 loss per share. Revenue: US$6.41m (down 12% from 2Q 2024). Net loss: US$8.18m (loss widened 6.4% from 2Q 2024). New Risk • Aug 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$19m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$19m free cash flow). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$28.4m market cap). Announcement • Jul 08
Cenntro Inc. Develops Second-Generation Hydrogen Fuel Cell Class 8 Semi-Tractor and Receives EPA Certification Cenntro Inc. announced the development of its second-generation hydrogen fuel cell Class 8 semi-tractor, the “BM860H”. The vehicle has received certification from the U.S. Environmental Protection Agency (EPA). Developed by Cenntro’s wholly owned subsidiary, Bison Motors Inc., the BM860H builds on the foundation of its predecessor with key performance enhancements. The vehicle is powered by a 210kW hydrogen fuel cell system and provides an estimated driving range of up to 528 miles with a full payload. The vehicle features rapid refueling capabilities while producing zero emissions. The BM860H meets all applicable Federal Motor Vehicle Safety Standards (“FMVSS”) and has obtained EPA certification while certification from the California Air Resources Board (CARB) is currently under review. Cenntro plans for key components for the BM860H to be sourced primarily from U.S. based manufacturers, with final assembly taking place at Cenntro’s production facility in Southern California. Announcement • Jul 02
Cenntro Inc. Announces Launch of Its New Avantier Model Cenntro Inc. announced the launch of the "Avantier Commuter," an all-electric vehicle from its 2025 Avantier Model Series. The Avantier Model Series includes the Avantier C, Avantier EX, and Avantier Commuter models, all designed for urban and neighborhood mobility. These vehicles feature compact, lightweight designs tailored for city use and are approved under the European Union's L7e and M1 type classifications. The Avantier Commuter is a four-seat, five-door passenger vehicle with 50kw power and an estimated range of up to 320 kilometers on a single charge. The AvantierCommuter features a compact and lightweight design that is intended for young urban generations. Having received European Union M1 type approval, this vehicle model can be marketed and sold in all European Union countries and other countries that have adopted EU vehicle type approvals. Cenntro has received positive market reception since the Avantier Commuter's introduction to the market earlier this year, having sold and delivered 66 vehicles since its introduction. Announcement • Jun 30
Cenntro Inc., Annual General Meeting, Aug 15, 2025 Cenntro Inc., Annual General Meeting, Aug 15, 2025. Announcement • Jun 26
Cenntro Inc. Delivers 71 Special Edition Logistar 450P All-Electric Buses to the European Market Cenntro Inc. announced the successful delivery of 71 special edition Logistar 450P ("LS450P") electric buses to QEV Technologies, S.L. ("QEV"), a prominent Spanish electric mobility solutions provider. The LS450P units are part of a larger order received in early 2025 and represent a collaborative development between Cenntro and QEV. This special edition model received European Union M2 Type Approval, allowing its use for short-distance shuttle and public transportation services across Europe. The certification underscores the LS450P's compliance with stringent safety and performance standards, further strengthening the Company's competitive position in the European market. The Company intends to continue production and deliveries of the LS450P in order to fulfill the remainder of the QEV order and plans to respond to any market demands for LS450P from distributors across Europe and other global markets. Announcement • Jun 05
Cenntro Inc. Announces Board and Committee Changes Cenntro Inc. announced that on May 31, 2025, Mr. Jiawei “Joe” Tong, the director of the Company, notified the board of directors of the Company (the “Board”) of his decision to resign his position on the Board of Cenntro Inc. (the “Company”) and as chair of the compensation committee of the Board, and member of the audit and nomination committees of the Board, effective immediately. Mr. Tong’s decision was not the result of any disagreement between Mr. Tong and the Company on any matters relating to the Company’s operations, policies or practices. Due to the vacancy left by Mr. Tong, the Board intends rectify the vacancy on the audit committee of the Board. On May 31, 2025, at the recommendation of the Nominating Committee and Compensation Committee of the Board approved and confirmed the appointment of Mr. Guangguang “Steve” Qin with annual compensation of USD 45,000 as the succeeding director to fill in the vacancy until the Company’s next annual meeting of shareholders and until his successor is duly elected and qualified, or until his earlier death, resignation, or removal. The Board has determined Mr. Qin is an “independent” director under applicable U.S. Securities and Exchange Commission (“SEC”) and Nasdaq Marketplace Rules. Thus, Mr. Qin will be serving on the Board of Directors as a non-employee, independent director. Mr. Qin has over 30 years of experience in investment management across the finance, technology, and healthcare sectors. From 1993 to 1999, Mr. Qin served as Senior Vice President of United Pharmaceutical Industries in the United States. From 2001 to 2005, he served as Director and President, Asia-Pacific Region at Bridgecreek International. From 2006 to 2010, he was President of the China Region at PEM Group. From 2011 to 2015, Mr. Qin served as Senior Partner at Cybernaut (China) Investment. Between 2015 and 2019, he was Chief Representative for the China Region at American Education Center. From 2016 to 2021, he served as Dean of the West Lake Industrial Research Institute (China). Since 2016, he has been a Founding Partner of Winyin Capital. Since 2020, he has also served as Director and Founding Partner of Aventa Capital. Mr. Qin holds a B.A. in Philosophy and an M.A. in Ethnology from Minzu University of China. Announcement • May 02
Cenntro Inc. Receives Non-Compliance Notice from Nasdaq Regarding Minimum Bid Price Requirement On April 25, 2025 (the Notification Date"), Cenntro Inc. (the Company") received a letter (the Notice") from the Nasdaq Stock Market LLC (Nasdaq") notifying the Company that it is not in compliance with the requirement to maintain a minimum closing bid price of $1.00 per share (the Minimum Bid Price Requirement"), as set in Nasdaq Listing Rule 5550(a)(2), because the closing bid price of the Company's common stock was below $1.00 per share for thirty consecutive business days. The Notice does not impact the listing of the Company's common stock on the Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the Notification Date, until October 22, 2025, to regain compliance with the Minimum Bid Price Requirement. During this period, the Company's common stock will continue to trade on the Nasdaq Capital Market. If at any time before October 22, 2025, the bid price of the Company's common stock closes at or above $1.00 per share for a minimum of 10 consecutive trading days, Nasdaq will provide written notification that the Company has achieved compliance with this Minimum Bid Price Requirement. In the event the Company does not regain compliance by October 22, 2025, the Company may be eligible for an additional 180 calendar day compliance period to demonstrate compliance with the bid price requirement. To qualify for the additional 180-day period, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will notify the Company of its determination to delist the Company. The Company intends to take all reasonable measures to regain compliance under the Nasdaq Listing Rule 5550(a)(2). However, there can be no assurance that the Company will be able to maintain compliance with the Nasdaq Capital Market's continued listing requirements or regain compliance with the Minimum Bid Price Requirement. Announcement • Apr 02
Cenntro Inc. announced delayed annual 10-K filing On 04/01/2025, Cenntro Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Mar 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$26m free cash flow). Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$21.2m market cap). Reported Earnings • Nov 14
Third quarter 2024 earnings released: US$0.29 loss per share (vs US$0.53 loss in 3Q 2023) Third quarter 2024 results: US$0.29 loss per share (improved from US$0.53 loss in 3Q 2023). Revenue: US$16.7m (up 190% from 3Q 2023). Net loss: US$8.97m (loss narrowed 44% from 3Q 2023). Announcement • Nov 06
Cenntro Inc., Annual General Meeting, Dec 19, 2024 Cenntro Inc., Annual General Meeting, Dec 19, 2024. Announcement • Sep 23
Cenntro Inc.(NasdaqCM:CENN) dropped from S&P Global BMI Index Cenntro Inc.(NasdaqCM:CENN) dropped from S&P Global BMI Index Announcement • Sep 17
Cenntro Inc. Announces Introduction of New Logistar 450 Model for the US and Global Markets Cenntro Inc. announced its newest Class 4 addition to the Logistar series, the Logistar 450 ("LS450") model for sale and distribution in the United States ("US") and global markets. Cenntro received a California Air Resources Board ("CARB") "Executive Order" and a "Certificate of Conformity" from the United States Environmental Protection Agency ("EPA") for the LS450 model. The Certificate of Conformity confirms that the LS450 meets the EPA's emissions requirements under the Clean Air Act. Receiving the CARB Executive Order certifies the all-electric LS450 model meets the standard to be classified as a zero-emissions vehicle in California. Cenntro plans to begin production of the LS450 at its Ontario, California, assembly facility for US markets and its assembly facility in China for global markets. The LS450 model is the latest addition to Cenntro's product portfolio. The LS450 is equipped with a 128Kwh battery capacity. The improved battery capacity provides a greater range compared to its predecessor model, the "LS400". Cenntro plans to debut the LS450 at the California Trucking Show in Ontario, California, on October 5 and 6, 2024. The versatile all-electric, class 4 vehicle has four different configuration options for a variety of applications, a delivery van ("LS450DV"), cargo truck ("LS450CT"), shuttle bus ("LS450BUS"), and refrigerated truck ("LS450RT"). Reported Earnings • Aug 14
Second quarter 2024 earnings released: US$0.30 loss per share (vs US$0.46 loss in 2Q 2023) Second quarter 2024 results: US$0.30 loss per share (improved from US$0.46 loss in 2Q 2023). Revenue: US$8.32m (up 96% from 2Q 2023). Net loss: US$9.18m (loss narrowed 35% from 2Q 2023). Announcement • Jul 17
Cenntro Inc. Receives California Air Resources Board Executive Order Certifying Its Logistar 300 Model Cenntro Inc. announced Cenntro received a California Air Resources Board "Executive Order" and a "Certificate of Conformity" from the United States Environmental Protection Agency ("EPA") for the Logistar®? 300 ("LS300") model. On June 21, 2024, Cenntro received the CARB Executive Order certifying the all-electric, light-duty, class 3 LS300 model meets the standard to be considered zero-emissions vehicles in California. Similarly, the Certificate of Conformity confirms that the LS300 meets the EPA's emissions requirements under the Clean Air Act. The LS300 model is the latest addition to Cenntro's product portfolio for the U.S. market. The CARB and the EPA certifications position Cenntro's California-based customers to apply for end purchaser incentives such as participation in the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project ("HVIP"). Cenntro first debuted the LS300 at the Consumer Electronics Showcase in 2023. The versatile all-electric, light- duty, class 3 vehicle comes as a cab and chassis or optional delivery van body and has the ability to be upfitted as needed for broader applications. With a mileage range of 194-217 miles, the LS300 makes last-mile delivery efficient for drivers. Announcement • Jun 27
Cenntro Announces Introduction of New Logistar 210 Model in European and Other Global Markets Cenntro Inc. announced its newest Logistar series model, the Logistar® 210 is to be sold in European and other global markets. The LS210 is a next generation commercial van with European N1 type approval and follows Cenntro’s December 2023 approval for the EU’s required Certificate of Compliance for Cybersecurity Management System (UN Regulation number: R155) and Certificate of Compliance for Software Update Management System (UN Regulation number: R156). These certifications provide frameworks and standards for vehicle original equipment manufacturers (“OEMs”) requiring vehicles to be designed with cybersecurity that maintains the safety and security of the vehicle and its passengers. Cenntro’s LS210, a light duty electric commercial vehicle customized for transporting light goods in urban areas, replaces the LS200 because it meets these new European regulations. The LS210 model comes with advanced features, such as advanced driver-assistance system, crash avoidance, and lane assist. This new LS210 model also provides the option for both left-hand and right-hand drive capabilities, enhanced range and more efficient charging. Reported Earnings • May 17
First quarter 2024 earnings released: US$0.30 loss per share (vs US$0.036 loss in 1Q 2023) First quarter 2024 results: US$0.30 loss per share. Revenue: US$3.39m (down 2.3% from 1Q 2023). Net loss: US$9.23m (loss narrowed 16% from 1Q 2023). Reported Earnings • Apr 02
Full year 2023 earnings released: US$1.78 loss per share (vs US$4.18 loss in FY 2022) Full year 2023 results: US$1.78 loss per share (improved from US$4.18 loss in FY 2022). Revenue: US$22.1m (up 147% from FY 2022). Net loss: US$54.2m (loss narrowed 51% from FY 2022). Board Change • Feb 28
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Executive Independent Director Joe Tong is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.