Cenntro signs EV assembly partnership with Electricove Maroc in Morocco
Strategic Partnership: Cenntro has partnered with Electricove Maroc to assemble electric vehicles in Morocco for local and Northern African markets.
Assembly and Support: Cenntro will supply assembly kits and provide technical documentation and support for the assembly of models like the Teak and LS450 at Electricove's new plant.
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Cenntro Receives 180-Day Extension to Comply with Nasdaq Minimum Bid Price Rule
Extension Granted: Cenntro Inc. has received a 180-day extension from Nasdaq to comply with the minimum $1.00 closing bid price requirement, now having until April 20, 2026, to meet this standard.
Compliance Requirements: To regain compliance, Cenntro must maintain a closing bid price of at least $1.00 per share for ten consecutive business days before the end of the extension period.
Previous Non-Compliance: The company was previously notified on April 25, 2025, that it was not in compliance due to its stock price being below $1.00 for thirty consecutive business days.
Company Overview: Cenntro is an electric commercial vehicle manufacturer focused on building a global supply chain and enhancing its product capabilities through advanced technologies.
Cenntro Signs Strategic Partnership Agreement with Electricove Maroc for EV Assembly in Morocco
Partnership Announcement: Cenntro Inc. has signed a strategic partnership with Electricove Maroc to assemble electric vehicles in Morocco for local and Northern African distribution, enhancing their longstanding relationship.
Support and Development: Cenntro will supply assembly kits and provide technical support to Electricove, which will establish a local assembly plant, receiving strong backing from Moroccan authorities and business organizations.