CENN - Nuvve Cenntro Electric partner to offer electrification solution for commercial fleets

Nuvve (NASDAQ:NVVE) and Cenntro Electric (CENN) on Monday announced an alliance for an all-in-one electrification solution for commercial fleets. NVVE stock rose 5.5% postmarket while CENN gained 6.4% following the announcement. The partnership is designed to provide electric vehicle (EV) fleet solutions to shared and non-shared clients. CENN will offer bundled NVVE charging packages to commercial fleets with their U.S. product lineup, including the Class 4 LS 400. NVVE will integrate CENN vehicles into its proprietary EV charging infrastructure hub platform, which will combine intelligent charging with renewable energy integration solutions. The firms plan to work towards a V2G solution with NVVE's DC fast chargers, which will allow CENN vehicles to charge and discharge energy. NVVE's level 2 AC charging stations, or PowerPorts, are affordable, which will help commercial fleets offset electricity bills by "optimizing charging rates and charge times to coincide with non-peak hours when utility rates are low",

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Nuvve, Cenntro Electric partner to offer electrification solution for commercial fleets