Cenntro
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|
Revenues | 3.6m | 5.5m | 8.6m | 8.9m |
% growth | - | 53 % | 57 % | 4 % |
EBITDA | (16.0m) | (8.8m) | (14.1m) | (56.2m) |
% EBITDA margin | (446 %) | (160 %) | (164 %) | (628 %) |
Profit | (19.5m) | (5.2m) | (16.4m) | (110m) |
% profit margin | (544 %) | (95 %) | (191 %) | (1231 %) |
R&D budget | 2.1m | 1.4m | 1.5m | 6.4m |
R&D % of revenue | 60 % | 25 % | 17 % | 71 % |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Angel | ||
* | N/A | Acquisition | |
Total Funding | - |
Recent News about Cenntro
EditCenntro Electric Group Limited is a pioneering company in the commercial electric vehicle (EV) sector, specializing in the production and sale of advanced, autonomous commercial vehicles. The company operates in a global market, with certifications in over 32 countries and shipments to 16 countries. Cenntro serves a diverse range of clients, including logistics companies, delivery services, and other commercial enterprises that require efficient and sustainable transportation solutions. The business model revolves around scalable, decentralized production and the deployment of fully digitalized autonomous driving solutions, primarily powered by the Cenntro iChassis. Cenntro generates revenue through the sale of its commercial EVs, leveraging its extensive patent portfolio and technological innovations to maintain a competitive edge. The company has delivered over 3,600 vehicles, which have collectively traveled more than 20 million miles. Cenntro's commitment to innovation and sustainability positions it as a leader in the transformation of the automotive industry.
Keywords: commercial EV, autonomous driving, scalable production, decentralized, Cenntro iChassis, logistics, delivery solutions, sustainable transportation, global market, technological innovation.