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FREEHOLD, N.J. - Cenntro Inc. (NASDAQ:CENN), a small-cap electric vehicle manufacturer with a market capitalization of $23.57 million, announced today the launch of its Avantier Commuter, an all-electric four-seat passenger vehicle that has received European Union M1 type approval, allowing it to be marketed and sold across all EU countries. According to InvestingPro analysis, the company appears fairly valued based on its current Fair Value metrics.
The Avantier Commuter is part of Cenntro’s 2025 Avantier Model Series, which includes the Avantier C and Avantier EX models. The newly launched vehicle features a 50kw power system with an estimated range of up to 320 kilometers on a single charge. This product launch comes as the company shows impressive revenue growth of 234% in the last twelve months, though InvestingPro data indicates the company is currently not profitable, with an EBITDA of -$27.86 million.
According to the company’s press release, the Avantier Commuter has already gained market traction with 66 vehicles sold and delivered since its introduction earlier this year. The company maintains a healthy liquidity position with a current ratio of 2.03, indicating sufficient assets to cover short-term obligations. For deeper insights into Cenntro’s financial health and growth prospects, InvestingPro offers 8 additional key tips and comprehensive financial metrics.
"The Avantier Series represents an exciting addition to our product portfolio, designed with the needs of urban drivers in mind," said Peter Wang, Chairman and CEO of Cenntro.
The Avantier Model Series vehicles are designed specifically for urban and neighborhood mobility, featuring compact, lightweight designs tailored for city use. The series has been approved under the European Union’s L7e and M1 type classifications.
The M1 type approval enables Cenntro to market and sell the Avantier Commuter not only in EU member states but also in other countries that have adopted EU vehicle type approvals.
Cenntro describes itself as a provider of electric commercial vehicles designed to serve various commercial applications, including class 1 to class 4 trucks.
This article is based on a press release statement from Cenntro Inc.
In other recent news, Cenntro Inc. has delivered 71 special edition Logistar 450P electric buses to QEV Technologies, a Spanish electric mobility solutions provider. This delivery is part of a larger order placed earlier in 2025 and marks a joint development effort between the two companies. The Logistar 450P model has received European Union M2 Type Approval, allowing its use for short-distance shuttle and public transportation services throughout Europe. This certification ensures the vehicle meets European safety and performance standards, which may enhance Cenntro’s presence in the European market. The company plans to continue production to fulfill the remainder of QEV’s order and address potential demand from distributors across Europe and other global markets. Cenntro’s Chairman and CEO, Peter Wang, highlighted the LS450P as a unique all-electric bus designed for shuttle and public transport applications. The financial terms of the order were not disclosed in the announcement.
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