Cenntro

What Cenntro does

Cenntro Inc. is a Nasdaq-listed designer and manufacturer of electric commercial vehicles (ECVs) spanning Class 1 light-duty through Class 8 heavy-duty applications, with vehicle sales as the primary revenue stream alongside spare parts and iChassis smart-chassis sales to autonomous vehicle integrators in China. The product portfolio includes the Logistar series (LS210, LS260, LS300, LS400, LS450, LS450 Shuttle Bus) targeting last-mile delivery and city services, the Metro light-duty platform customized for Japan, the Avantier mini-EV series for European urban mobility, the Deepstar 864 Class 8 drayage truck, and the Bison Motors BM860H hydrogen fuel cell Class 8 semi-tractor. Underlying technology centers on the proprietary iChassis platform — a smart chassis described as the foundation for autonomous commercial vehicles — plus decentralized localized-assembly production with global supply chain reach.

The business operates a hybrid go-to-market: direct enterprise sales to fleet customers and government organizations in the United States (anchored by assembly facilities in Ontario, California and Howell, New Jersey), and channel-partner distribution internationally, including QEV Technologies for Europe, Electricove Maroc for Northern Africa, and local distributors for Japan and Southeast Asia. Revenue is hardware-driven with quote-based pricing and no publicly disclosed MSRP, supplemented by small private-placement equity raises for working capital. The company is incorporated in the United States (HQ Freehold, NJ; investor relations Iselin, NJ) and was originally founded in 2013 by Peter Z. Wang under parent CAG (Cenntro Automotive Group), achieving its Nasdaq listing in December 2021 (ticker: CENN). Operating subsidiaries include Avantier Motors Corporation (Europe), Bison Motors Inc. (hydrogen), Tropos Motors Europe and Tropos Motors AB (majority-owned), PIKKA (mobile energy), and Centron (storage sheds and truck bodies), with a minority stake in German e-cargo designer Antric.

Name

Cenntro

Legal name

Cenntro Inc.

Website

https://cenntroauto.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

251–500 employees

Short description

Cenntro designs and manufactures electric commercial vehicles (Class 1-8) including the Logistar, Metro, Avantier, Deepstar, and Bison lines, serving fleet operators, governments, and channel partners across 35+ countries via direct sales and localized assembly partnerships.

Ownership category

akta.pro rank

Product category

Electric Commercial Vehicles

NAICS

Motor Vehicle Manufacturing (3361), Automobile and Light Duty Motor Vehicle Manufacturing (33611), Motor Vehicle Body and Trailer Manufacturing (33621), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Motor Vehicles & Passenger Car Bodies (3711), Truck & Bus Bodies (3713), Truck Trailers (3715), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK)

akta.pro secondary industries

Class 4–6 Medium-Duty Truck Manufacturing (IMACABAB), Light Electric Vehicles (NEVs/LSEVs/Quadricycles) Manufacturing (IMACAOAC), EV Platform/Skateboard & Chassis Integration Manufacturing (IMACACAI)

Keywords

• Electric commercial vehicles
• Last-mile delivery vehicles
• Autonomous vehicle chassis
• Hydrogen fuel cell trucks
• Commercial EV manufacturing

Headquarters

HQ city

Freehold

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Electric Vehicle Sales: Sale of purpose-built electric commercial vehicles including Metro, Logistar series, Avantier, Deepstar, and Bison models. Revenue from vehicle sales represents the primary revenue stream with Class 1-8 vehicles sold globally.
2. Spare Parts Sales: Sales of spare parts and after-sales service components for the vehicle fleet.
3. iChassis Sales: Sale of smart chassis platforms (iChassis) for autonomous commercial vehicles. Units sold primarily to third-party contractors in China for autonomous driving delivery vehicles.
4. Private Placement: Sale of common stock to accredited investors through private placement for working capital and general corporate purposes.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Cenntro designs, manufactures, and sells purpose-built electric commercial vehicles (ECVs) ranging from Class 1 to Class 8, including the Logistar light/medium-duty series, Metro delivery vans, Avantier mini EVs, Teemak off-road vehicles, Cheetah, Flatbed Truck, and heavy-duty models such as the Deepstar 864 drayage truck and Bison Motors BM860H hydrogen fuel cell semi-tractor. The company also sells the iChassis smart chassis platform as a standalone product to autonomous vehicle integrators, mobile energy/charging solutions under the PIKKA brand, and Centron storage shed and truck body products. Vehicles are produced through a decentralized manufacturing model with assembly in the US (Ontario CA, Howell NJ), China (Zhejiang), and Morocco (via Electricove Maroc), and are certified in 35+ countries.

Product overview

Cenntro is a designer and manufacturer of electric light and medium-duty commercial vehicles (ECVs) offering a comprehensive lineup ranging from Class 1 to Class 8 vehicles. The core product portfolio includes the Logistar series (LS210, LS260, LS300, LS400, LS450, LS450 Shuttle Bus), Metro delivery vehicles, Avantier mini EVs, Teemak, Cheetah, Bison, and Flatbed trucks. The company also offers the Deepstar 864 Class 8 drayage truck and Bison Motors BM860H hydrogen fuel cell semi-tractor. Supporting products include the iChassis 100 autonomous driving platform, PIKKA mobile energy stations (portable power and charging solutions), and Centron storage shed and truck body products. The company also provides after-sales service and operates Pardisys.com for auto parts. Cenntro serves markets across North America, Europe, and Asia through decentralized production and a globalized supply chain.

Differentiator

Problem solved

Functional benefit

Brands

• Logistar: Electric commercial vehicle product line including Logistar 210, 260, 300, 400, 450 models and LS450 Shuttle Bus
• Avantier
• Metro
• iChassis
• Bison Motors
• Deepstar

Products and services

• Logistar Series Electric Commercial Vehicles (LS210, LS260, LS300, LS400, LS450, LS450 Shuttle Bus) Light- to medium-duty purpose-built electric commercial vehicles spanning Class 1–4, designed for last-mile delivery, urban logistics, and shuttle/public transportation, sold to fleet operators, government/municipal customers, and channel partners across 35+ countries.
• Metro Electric Delivery Vehicle Light-duty electric delivery van and Cenntro's first ECV model, with standard and customized (Metro MR) variants for specific markets such as Japan; deployed for urban delivery and city services globally.
• Avantier Mini Electric Vehicles (Avantier C, Avantier EX, Avantier Commuter) Compact electric vehicles for urban and neighborhood mobility sold in Europe under EU L7e (mini commercial) and M1 (passenger car) type approvals; includes the Avantier Commuter four-seat, five-door passenger vehicle with 50kW power and up to 320 km range.
• Bison Motors BM860H Hydrogen Fuel Cell Class 8 Semi-Tractor Zero-emission Class 8 semi-tractor powered by a 210kW hydrogen fuel cell system, designed for long-haul freight with up to 528 miles of range, rapid refueling, and EPA certification; developed by Cenntro's wholly owned subsidiary Bison Motors Inc.
• Teemak Electric Off-Road Vehicle (ORV) Compact electric off-road vehicle designed for utility applications, distributed globally including via Electricove Maroc in Northern Africa.
• Cheetah Electric Commercial Vehicle Electric commercial vehicle model in Cenntro's product lineup for fleet and commercial customers.
• Flatbed Truck Electric flatbed truck for commercial transportation needs, distributed globally through Cenntro's sales and channel network.
• Deepstar 864 (DS864) Class 8 Drayage Truck Class 8 heavy-duty electric drayage truck with integrated chassis design, dual electric drive axle, 250-mile range, 513 kWh LFP battery, and ultra-low 2 kWh/mile energy consumption, aimed at zero-emission port drayage and heavy-duty logistics.
• iChassis 100 Smart Chassis Platform Fully digitalized smart chassis platform for autonomous commercial driving, sold as a standalone product to third-party autonomous vehicle integrators and delivery operators in China for autonomous last-mile delivery vehicles.
• PIKKA Mobile Energy Stations (3kWh & 5.5kWh Portable Power Stations; 61kWh Mobile Charging Station) Mobile energy storage and DC fast-charging solutions, including 3kWh and 5.5kWh portable power stations and a 61kWh mobile charging station, sold to commercial customers needing off-grid EV charging and power.
• Centron Storage Shed and Truck Body Products (HIVE-BOX Storage Shed; Duracorebox Truck Body) Integrated industrial storage and truck body solutions, including the HIVE-BOX outdoor storage shed (food-grade, flame-retardant, 10–20 year outdoor service life) and the Duracorebox lightweight truck body (over 30% weight reduction for Class 3–6 trucks).

Quantifiable outcome

• 34% increase in ECV sales in Q1 2025 (129 vehicles vs 96 in prior year period)
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and strategic.

• Electricove MaroccoreChannel Partner/ Reseller/ Distributor · 22 July 2025Strategic partnership agreement for EV assembly in Morocco. Cenntro supplies vehicle assembly kits, technical documentation, assembly training, and engineering support. Electricove Maroc establishes local assembly plant to assemble Cenntro EV models including the Teemak and LS450 for distribution within local and Northern African markets. Initiative has received strong endorsement from government authorities and business organizations within Morocco.
• Bison Motors Inc.coreTechnology or Integration · 8 July 2025Wholly owned subsidiary developing hydrogen fuel cell Class 8 semi-tractor (BM860H). Bison Motors developed the second-generation hydrogen fuel cell vehicle with 210kW system, 528 miles range, EPA certified. Key components sourced from US-based manufacturers.
• Avantier Motors CorporationcoreChannel Partner/ Reseller/ Distributor · 1 July 2025Wholly owned subsidiary focused on European market. Launched Avantier C, Avantier EX, and Avantier Commuter models. Avantier C sold over 500 units across European countries (Italy, Spain, Germany, France, Poland, Hungary). EU Type L7e and M1 type classifications. Headquartered in New Jersey.
• QEV Technologies, S.L.coreChannel Partner/ Reseller/ Distributor · 25 June 2025Spanish electric mobility solutions provider. Cenntro delivered 71 special edition Logistar 450P all-electric buses to QEV for European shuttle and public transportation services. 200-unit order received for LS450P vans. QEV serves as key distribution partner for European market with European Union M2 Type Approval for LS450P.
• NuvvestrategicStrategic or Co-development PartnerAlliance to accelerate adoption of commercial electric vehicles. Cenntro to offer all-in-one electrification solution for commercial fleets by offering Nuvve charging stations with US vehicles.
• Princeton NuEnergystrategicStrategic or Co-development PartnerStrategic partnership letter of intent for recycling of lithium-ion batteries. Partnership aims to drive end-to-end sustainability and closed-loop supply chain in the electric vehicle sector.
• Tropos Motors EuropestrategicChannel Partner/ Reseller/ DistributorAcquisition of majority interest in Tropos Motors Europe. Expands European assembly capacity and distribution networks in EMEA and adds a strategic customer network in Europe.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Workhorse Group: Workhorse designs and manufactures electric last-mile delivery trucks and vans for North American fleet customers, including Class 3–6 vehicles. It competes head-to-head with Cenntro's Logistar LS300/LS400/LS450 in the light- and medium-duty commercial EV segment.
• Xos Trucks: Xos manufactures Class 4–8 battery-electric trucks and step vans targeting fleet and last-mile delivery operators. Its product mix and target customer base closely overlap Cenntro's Logistar and Deepstar lines.
• Lightning eMotors: Lightning eMotors builds electrified medium- and heavy-duty commercial vehicles (vans, shuttles, trucks) for fleet, government, and transit customers, mirroring Cenntro's Logistar and LS450P shuttle bus positioning.
• GreenPower Motor Company: GreenPower manufactures all-electric commercial vehicles including delivery vans, shuttle buses, and school buses. Its EV Star and Nano Beast products directly overlap Cenntro's Metro and LS450P shuttle bus offerings.
• Rivian: Rivian produces the Electric Delivery Van (EDV) for Amazon and is expanding commercial fleet sales. As a purpose-built electric commercial vehicle OEM targeting logistics fleets, it is a direct competitor in Cenntro's last-mile delivery segment.

Broad incumbents

• Ford Pro: Ford's commercial vehicle division offers the E-Transit and F-150 Lightning Pro, commanding the largest share of US commercial fleets. It is a broad incumbent competing with Cenntro across multiple vehicle classes with vastly greater scale.
• GM BrightDrop: GM's BrightDrop subsidiary builds the Zevo electric delivery vans and Ultium-based medium-duty commercial vehicles. It is a broad incumbent in the same last-mile delivery and fleet electrification category as Cenntro.
• BYD: BYD is a global EV leader producing commercial trucks, vans, and buses across Class 2–8. It competes with Cenntro on price and scale in international markets, especially in Asia and emerging economies.
• Mercedes-Benz Vans: Mercedes-Benz offers the eSprinter and eVito electric vans and is expanding its commercial EV portfolio in Europe and the US. As a broad incumbent OEM, it competes with Cenntro's LS series in European fleet markets.

Emerging players

• Arrival: Arrival developed purpose-built electric vans and buses for last-mile delivery and transit, overlapping with Cenntro's Logistar and LS450P. It remains an emerging peer with comparable product ambition despite recent restructuring challenges.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/cenntromotors

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cenntro