Electric Vehicle Maker Cenntro Automotive Selects Jacksonville, Fla., New U.S. Manufacturing Plant

The company will create 34 jobs, invest $ 25 million in a new state-of-the-art facility and use the Jacksonville Port Authority (JAXPORT) to import materials and export finished vehicles

JACKSONVILLE, Fla., December 15, 2021 (GLOBE NEWSWIRE) – Cenntro Automotive, a leading electric vehicle technology company delivering advanced, market-validated commercial vehicles, has selected Jacksonville, Fla. For its first plant manufacturing based in the United States.

Jacksonville City Council unanimously approved the economic development agreement on December 14e for the proposed 100,000 square foot facility to support the company’s production of its vehicle lines, with possible expansion to support additional vehicles and a battery conditioning operation. When fully operational, the facility is expected to create up to 34 new jobs, including research and development specialists, highly skilled technician positions and administrative support. The new facility will support annual production levels of more than 50,000 vehicles within four years, as well as assembly, quality and testing processes, parts warehouse, distribution and administrative functions. . Cenntro Automotive plans to invest $ 25 million in the plant and start assembling vehicles in the first quarter of 2022.

Cenntro will use the Jacksonville Port Authority or “JAXPORT” to import materials for the production of vehicles and will use the port to export some of the finished vehicles to partners and customers around the world.

“Jacksonville is the perfect location for our first manufacturing facility in the United States, with JAXPORT providing a solid foundation in advanced manufacturing and a growing innovation ecosystem,” said Peter Wang, President and CEO of Cenntro . “We believe Jacksonville provides a great talent pool as we look forward to contributing to the growing high-tech manufacturing environment. Our new Jacksonville hub will serve as the cornerstone of our electric utility vehicle sales and manufacturing efforts in the United States as the seventh assembly plant in the world.

Jacksonville Mayor Lenny Curry said, “Jacksonville continues to be a leader in the logistics industry, and Cenntro Automotive will be a great addition to our economy, creating jobs, investment and growth. all over the First Coast. I want to thank City Council and the JAX Chamber for continuing to create a good business climate here in Jacksonville.

JAXPORT CEO Eric Green added, “Cenntro is a global leader in environmentally friendly electric vehicles, and we are delighted to welcome them to Northeast Florida. Many of the region’s efficiencies that have made JAXPORT one of the nation’s leading vehicle handling ports also make Jacksonville an ideal location for the manufacturing of commercial and passenger vehicles. We look forward to putting these benefits to good use for Cenntro and thank them for bringing new jobs and businesses to our community. “

Aundra Wallace, President of JAXUSA Partnership, the seven-county regional economic development arm of JAX Chamber, concluded: and around the port. We work to create an environment where innovative and cutting-edge companies like Cenntro can thrive and develop here. We thank Cenntro for his investment in Jacksonville and look forward to their continued success.

Cenntro Automotive’s product portfolio includes Class 1 to Class 4 vehicles in addition to off-road offerings. Cenntro currently distributes vehicles in over 30 countries to target customers, which include corporate fleets (i.e. as state and federal government fleets.

About Centro Automobile

A leading electric vehicle technology company offering advanced, market-validated commercial vehicles that has entered into a definitive merger agreement with Naked Brand Group Limited (NASDAQ: NAKD) with Cenntro shareholders to own approximately 70 % of the combined entity on a fully diluted basis. Cenntro is leading the transformation of the automotive industry through scalable, decentralized production and fully digitized autonomous driving solutions, enhanced by the Cenntro iChassis. Cenntro sold and delivered 3,300 commercial electric vehicles to more than 26 countries as of December 2020. For more information on the company, please visit www.cenntroauto.com.

About the city of Jacksonville

The city of Jacksonville is the largest city by land mass in the continental United States, serving approximately 850,000 residents. Located in Duval County, the Jacksonville City Council consists of the mayor and a 19-member city council. To learn more about the city of Jacksonville, visit COJ.net.

About JAXUSA Partnership

JAXUSA Partnership, a division of JAX Chamber, is the regional economic development organization of Jacksonville’s seven counties. The JAXUSA partnership is recruiting new companies and expanding existing businesses to increase the growth of well-paying jobs, private equity investment and a presence of highly skilled talent in Northeast Florida. The organization works with economic development partners in Baker, Clay, Duval, Flagler, Nassau, Putnam and St. Johns counties; the independent authorities of JAXPORT, JAA, JEA and JTA; CareerSource Northeast Florida; and private sector investors in its role as a catalyst for regional economic growth.

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CONTACT: Matt Galnor: (904) 366-6614, [email protected]

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