UPDATE -- Cenntro Receives Japanese Kei Car Approval For its All-Electric Metro Light Duty Commercial Vehicle
22 Novembre 2021 - 5:07PM
Cenntro Automotive (“Cenntro”, the “Company” or
“We”), a leading EV technology company with advanced,
market-validated commercial vehicles, today announced that its
Metro light duty commercial vehicle has received Kei Car
homologation approval in Japan.
Kei Car is the smallest highway legal
light-weight vehicle type in Japan Cenntro’s Metro is now the first
imported, non-Japanese made electric commercial vehicle to receive
certification. The approval will open the Japanese urban deliver
and service market to Cenntro’s Metro and allows it to be
registered by end users for use on any street, including
highways.
“We are pleased to announce that we are the
first foreign company to receive electric Kei Car type approval and
to receive it ahead of Japanese local brands,” said Peter Wang,
Cenntro's Chairman and Chief Executive Officer. “This is a
significant milestone for Cenntro, as the process of getting Kei
Car type approval is extremely onerous for a foreign company and
the designation. This is a testament to Cenntro’s leading
technologies and understanding of local markets. With this
approval, Cenntro is positioned to gain significant market share in
the urban delivery and service segment, Japan’s highest growth
vehicle sector in the world’s third largest market.
“Moreover, Japan is at the forefront of several
trends affecting transport and logistics, including a labor
shortage caused by population decline and the 'hyperaging' of its
society. Many other developed countries will face similar
challenges, creating additional demand for last-mile deliveries,”
continued Wang.
The World Economic Forum’s “The Future of the
Last-Mile Ecosystem” report recently projected that e-commerce
distribution volumes in central Tokyo’s 23 wards will rise by 85%
by 2030, requiring a 70% increase in delivery vehicles, each of
which will need to cover an additional 25% in distance travelled.
In addition to putting a greater strain on logistics operations,
the rise in e-commerce is also likely to drive a 20% increase in
carbon dioxide emissions, hence the urgency for an all-electric
alternative.
“Japan is one of our strategic markets and is
incredibly important for our continued leadership in the
all-electric light commercial vehicle segment,” concluded Wang.
About Cenntro Automotive Group
A leading EV technology company with advanced,
market-validated commercial vehicles, which has entered into a
definitive merger agreement with Naked Brand Group Limited
(NASDAQ: NAKD) with Cenntro’s shareholders to own
approximately 70% of the combined entity on a fully-diluted basis.
Cenntro leads the transformation in the automotive industry through
scalable, decentralized production and fully digitalized autonomous
driving solutions empowered by the Cenntro iChassis. Cenntro has
sold and delivered 3300 commercial EVs in more than 26 countries as
of Dec 2020. For more information about the company, please visit
www.cenntroauto.com.
For further information:
Investor Contact
IR@cenntroauto.com
Media Contact
PR@cenntroauto.com
Photos accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/74b81a05-b185-4285-8355-d8629a47dec0https://www.globenewswire.com/NewsRoom/AttachmentNg/91a2b0fe-b044-4552-a37c-288105d65d62
Cenntro Electric (NASDAQ:NAKD)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Cenntro Electric (NASDAQ:NAKD)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024