Cenntro Electric Group Limited (NASDAQ: CENN) began Monday trading fairly flat as the leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that it has delivered more than 250 autonomous delivery vehicles in China to Zelos (Suzhou) Technology Co., Ltd.
Cenntro’s Zhejiang Cenntro Machinery Co., Ltd. has manufactured and delivered more than 250 autonomous driving delivery vehicles to Zelos, which sells and operates autonomous driving vehicles for urban delivery throughout various cities in China. In conjunction with the cooperation with Zelos, Cenntro has successfully manufactured and provided fully tested autonomous delivery vehicles for commercial deployments on city streets. Powered by Cenntro’s iChassis technology and platform, utilizing autonomous driving software developed by Zelos, these vehicles are prepared to meet the demands of urban delivery, with the ability to navigate traffic in real time and arrive to their destinations as scheduled.
“The delivery of more than 250 autonomous driving delivery vehicles is a significant milestone for Cenntro. To date, Cenntro has manufactured and delivered many autonomous driving delivery solutions for real-life commercial deployments in this class,” said CEO Peter Wang. “We will see more and more autonomous driving delivery vehicles on the road for the last-mile delivery needs. We are very happy to see that our iChassis technology has been adopted and used in real-life applications.”
CENN shares dropped a penny to $1.34, to begin Monday.