Cenntro Receives Order for Metro MR for the Japanese Market

500 Unit Order for Customized Metro MR Vehicles May Position Cenntro to Capitalize on Additional Opportunities in Key Market

Cenntro Inc. electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, announced its manufacturing facility, Zhejiang Cenntro Machinery Co., Ltd., secured an order for 500 customized Metro MR vehicles exclusively for the Japanese market. We believe this order highlights Cenntro’s commitment to delivering market-specific, high-value solutions, and our ability to meet the rigorous quality and performance standards expected by what we believe to be one of the world’s most discerning customer bases.

We believe the Metro MR is uniquely tailored to the requirements of the Japanese market, reflecting a strategic move to penetrate and grow in a region renowned for its exacting expectations. The order is backed by a bank letter of credit, further demonstrating confidence in Cenntro’s operational and financial reliability. Delivery is scheduled for the first calendar quarter of 2025, which may position Cenntro to capitalize on additional opportunities in this key market.

“Our Metro MR is an ideal electric delivery vehicle for densely populated cities like Tokyo and Osaka,” said Peter Wang, CEO of Cenntro. “We see significant potential in Japan as a strong market for ultra-light electric utility vehicles. We view this as a pivotal milestone that not only reinforces our presence in Japan, but the sale may set the stage for additional orders and expanded market share,” concluded Wang.

Cenntro remains focused on leveraging its innovative capabilities to drive long-term shareholder value.

 

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