Company: CENN
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001140361-25-041657
Chunk: 36

Company: Cenntro Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 approximately $11.0 million due to the decrease of sales volume and average selling price from approximately $22,970 to $12,437, offset by the increase in other sales of approximately $0.2 million. The net revenues in Europe market for
          the nine months ended September 30, 2025 were approximately $9.3 million, an increase of approximately $4.6 million from approximately $4.7 million for the nine months ended September 30, 2024. The net revenues in Asia market for the nine months
          ended September 30, 2025 were approximately $2.5 million, a decrease of approximately $1.6 million from approximately $4.1 million for the nine months ended September 30, 2024.

        Net revenues for the three months ended September 30, 2025 were approximately $4.6 million, a decrease of approximately $11.7 million or 71.8% from approximately $16.2 million
          for the three months ended September 30, 2024. The decrease in net revenues in 2025 was primarily attributed to the decrease in spare-part sales by approximately $0.5 million due to the decrease in sales of iChassis™ and the decrease in vehicle
          sales of approximately $11.2 million due to the decrease of sales volume and average selling price from approximately $20,999 to $10,161. The net revenues in Europe market for the three months ended September 30, 2025 were approximately $3.7
          million, an increase of approximately $0.6 million from approximately $3.1 million for the three months ended September 30, 2024. The net revenues in Asia market for the three months ended September 30, 2025 were approximately $0.3 million, a
          decrease of approximately $0.7 million from approximately $1.3 million for the three months ended September 30, 2024.

        For the nine months ended September 30, 2025, we sold 971 ECVs, including 31 fully assembled Metro® units, 45 fully assembled Logistar™ 200 units,
          112 fully assembled Logistar™ 100 units, 33 fully assembled Teemak™ units, 8 fully assembled Logistar™ 260 units, 1 fully assembled Logistar™ 400 units, 449 fully assembled Avantier™ units, 3 Clubcar units, 24 An