Cenntro Automotive Enters Collaboration Agreement with EAVX

Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, and EAVX, the newest business unit of JB Poindexter & Co (JBPCO), today announced that they will collaborate to develop innovative and industry-leading All-Electric last mile and vocational work truck solutions. The joint development effort will focus on integration of the commercial truck bodies from JBPCO business units including last mile, service and utility, and vehicle cargo management systems with Cenntro’s All-Electric LS300 and LS400 cab chassis.

The non-exclusive collaboration agreement will initially focus on the Cenntro LS300 and LS400, utilizing current and next-generation EAVX body designs. The agreement calls for the integration of the bodies onto the Cenntro LS300 and LS400 platforms (Class 3 – 5) including but not limited to: Lightweight dry freight and refrigerated box bodies; landscape and dump bodies for municipal fleets; and open and enclosed service bodies for utility fleets.

“We are excited about our partnership with Cenntro and their global expertise in the EV space. Cenntro’s product catalog, and their mission, integrates well with EAVX’s mission to optimize the design and manufacture of next-generation commercial vehicles by collaborating with chassis manufacturers, technology suppliers and leveraging the formidable resources of JB Poindexter & Co,” said Mark Hope, General Manager and COO, EAVX.

“The EAVX business unit of JB Poindexter is focused on forward-thinking innovation and sustainable driving and we are looking forward to this partnership,” said Peter Wang, Cenntro Chairman and CEO. “Modifying our existing, proven electric LS300 and LS400 chassis to accommodate next-generation EAVX commercial truck bodies is a natural evolution for us as we look to expand our range of body designs and applications. JB Poindexter & Co is the leader in commercial work truck bodies and accessories and the depth of their understanding of the customer will enable our collaboration to deliver unique products to commercial EV market.”

Cenntro offers a fully configurable Class 1 – 4 All-Electric cab-chassis. A central charge of Cenntro’s business model includes aligning with market leading vocational work truck body manufacturers and enabling them to bring highly effective EV solutions to a multitude of industries.