Cenntro Electric Group Limited, a prominent player in the electric vehicle (EV) technology sector, revealed today the successful delivery of over 250 autonomous delivery vehicles to Zelos Technology Co., Ltd., a major player in the autonomous driving vehicle space in China. The announcement has sparked a surge in the stock value of Cenntro Electric Group, with shares trading higher on Monday.
At the time of this publication, Altamira Therapeutics Ltd stock (CENN) has witnessed a surge.
Cenntro Electric Group Ltd
Current Price: $1.27
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Zhejiang Cenntro Machinery Co, Ltd, a subsidiary of Cenntro Electric Group, took charge of the manufacturing and delivery of these cutting-edge autonomous driving delivery vehicles to Zelos. Zelos Technology specializes in selling and operating autonomous driving vehicles designed for urban delivery services across diverse cities in China. The collaboration between Cenntro Electric and Zelos has yielded the successful production and delivery of more than 250 fully tested autonomous delivery vehicles, ready for deployment on city streets.
These autonomous vehicles are equipped with Cenntro’s state-of-the-art iChassis technology and platform. The autonomous driving software, integral to the vehicles’ functionality, has been developed by Zelos. This sophisticated technology enables the vehicles to efficiently navigate real-time traffic conditions, ensuring timely arrivals at their scheduled destinations.
Peter Wang, the Chairman and CEO of Cenntro, expressed the significance of this achievement, stating, “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.” Wang further emphasized the growing prevalence of autonomous driving delivery vehicles, foreseeing an increasing presence of such vehicles addressing last-mile delivery needs.
Wang also highlighted the satisfaction in witnessing the adoption of Cenntro’s iChassis technology in practical applications, underscoring the company’s commitment to advancing the integration of autonomous solutions into everyday commercial operations.
The successful deployment of these autonomous vehicles underscores the continued progress of Cenntro Electric Group in the EV technology sector. As the demand for autonomous last-mile delivery solutions rises, Cenntro remains at the forefront, providing innovative and reliable vehicles that cater to the evolving needs of urban logistics.
