CENN - Cenntro Electric begins in-house assembly of battery packs

• Cenntro Electric Group ( NASDAQ: CENN ) announced on Monday the beginning of in-house assembly of the battery packs.
• The EV technology company has begun to assemble and produce battery packs using lithium iron phosphate battery cells and its proprietary battery management technologies at its facilities in Freehold, New Jersey and Herne, Germany.
• The battery packs will initially be installed in Cenntro's Metro Series commercial vehicles. The in-house assembly of the battery packs will initially utilize externally sourced battery cells. Cenntro will continue developing additional battery packs for its product line and, in the future, incorporate battery cells produced by its subsidiary Cennatic Power.

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