Cenntro Inc.

Cenntro Inc. designs, manufactures, distributes, and services commercial vehicles powered by electricity or hydrogen. These vehicles are intended for fleet and municipal organizations for city services, last-mile delivery, and other commercial uses. As of December 31, 2025, the company has developed six series of commercial vehicle models: Metro®, Logistar™, iChassis™, Avantier™, Teemak™, Bison Motor™, and Antric One. All of these models, except for Logimax™, have entered production and are being delivered to global markets. Cenntro Inc. also developed and introduced the iChassis™ platform, a programmable "smart" chassis utilized by third parties who integrate it with their control software for various autonomous driving commercial vehicle applications. The company is also developing hydrogen-powered heavy-duty vehicles to address market demand. Cenntro Inc. aims to be a leading provider in the electric commercial vehicle (ECV) market, focusing on sustainable power sources and building eco-chains to reduce carbon dioxide. Lithium-ion battery pack prices decreased from over $1,200 per kilowatt-hour in 2010 to $132/kWh in 2021, an approximate 89% decline. Bloomberg NEF (BNEF) forecasts average prices to fall by $3/kWh in 2025.