Company: CENN
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001140361-25-011607
Chunk: 16

Company: Cenntro Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 16
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 points at the side and rear of the vehicle
          makes the LS100 ideal for multiple applications, including package delivery, trade and maintenance services, hospitality, and catering. The LS100 completed all homologation tests in compliance with the standards and requirements of the European
          Union (EU) in July and received type approval from the EU in August. As a result, and as of the date of this report, the LS100 is eligible for sale in all 27 EU member states and other countries that adopt EU vehicle homologation standards.

We have decided to discontinue marketing and selling the LS100 product line as part of our strategic shift toward heavier commercial vehicles. Once we complete selling our remaining LS100 inventory, we will focus on
          serving our commercial vehicle customers who require heavier-duty trucks.

          11

In January 2023, we introduced the Logistar™ 300 (LS300) in a full-size van segment. The LS 300 sets a new benchmark for all electric commercial work trucks. This model boasts 370
          cubic feet of storage space and a payload of 3307 lbs. along with a range of 270 miles. The vehicle can also be made available either as a van or as cab chassis that may be customized. On March 1 2024, we received EPA certification and on June 21
          2024, we received California CARB certification for LS300. In July 2024, we assembled LS300DV (Delivery Van Version) and LS300C (Cargo version) in our Ontario Facility and introduced them in US West Coast markets.

We have introduced the Logistar™ 450 (LS450) both in US and Europe markets. It is classified as Class 4 truck in US and as M2 Type in Europe. LS400 has four different
          configurations (versions), Cab-chassis version, cargo truck version, delivery van version, and passenger van version. The cab-chassis version, cargo truck version, and delivery van version are targeting US markets and passenger van version is
          target Europe markets. We have completed compliances with DOT requirements by the end of 2023. We received certificate from EPA on September 14, 2023, CARB GHG certificate from CARB on December 14, 2023, and CARB ZEP certificate from CARB on May
          24, 2024. Currently our LS450 passenger version are sold with an OEM arrangement with QEV. Our certificate of LS450 passenger van