Company: CENN
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001140361-25-041657
Chunk: 38

Company: Cenntro Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 38
---
 For the three months ended September 30, 2025, we also sold 31 iChassis™ units other than the 412 ECVs.

        Geographically, the vast majority of our net revenues were generated from vehicle sales in Asia and European Union during the nine months ended September 30, 2025. For the nine
          months ended September 30, 2025, net revenues from Europe, North America, Asia (including China) and Africa as a percentage of total revenues was 71.2%, 9.5%, 19.0% and 0.3%, respectively, compared to 18.2%, 65.9%, 15.8% and 0.1%, respectively
          for the corresponding period in 2024.

        The vast majority of our net revenues were generated from vehicle sales in Asia and European Union during the three months ended September 30, 2025. For the three months ended
          September 30, 2025, net revenues from Europe, North America, Asia (including China) and Africa as a percentage of total revenues was 81.3%, 6.4%, 12.3% and nil, respectively, compared to 19.1%, 69.7%, 11.0% and 0.2%, respectively for the
          corresponding period in 2024.

        For the nine months ended September 30, 2025, net revenues from vehicle sales in Europe, North America, Asia (including China) and Africa as a percentage of total vehicle net
          revenues was 74.4%, 9.5%, 15.8% and 0.3%, respectively, compared to 19.6%, 73.8%, 6.5% and 0.1%, respectively, for the corresponding period in 2024.

        For the three months ended September 30, 2025, net revenues from vehicle sales in Europe, North America, Asia (including China) and Africa as a percentage of total vehicle net
          revenues was 86.1%, 6.6%, 7.3% and nil, respectively, compared to 19.8%, 73.4%, 6.8% and 0.1%, respectively, for the corresponding period in 2024.

        Cost of goods sold

        The following table presents our cost of goods sold for continuing operations by amount and as a percentage of the total cost of goods