Cenntro Electric Group Aktie

Cenntro will implement a 1:60 reverse stock split effective at the start of trading on April 13, 2026; the shares will remain listed under the ticker CENN. The number of outstanding shares will fall from about 87.9 million to roughly 1.465 million, with fractional shares converted into whole shares. The measure aims to regain compliance with Nasdaq’s minimum bid price requirement of $1.00; the company’s shares had most recently traded at $0.12 and it has a low market capitalization and weak financial condition. There is no guarantee that ongoing listing requirements can be met over the long term; existing options and conversion rights will be adjusted on a pro rata basis. » More on de.investing.com

At the annual general meeting, Cenntro shareholders voted to elect four directors and to appoint GGF CPA LTD as the independent auditor for the fiscal year ending 31 December 2025. They also approved a rule allowing the meeting to be adjourned; a total of 29,108,119 votes were represented and all proposals were approved. The company concurrently reported international progress, including a partnership with Electricove Maroc, 260 orders for the Logistar 210, EPA certification for the BM860H and deliveries of Logistar 450P buses to QEV Technologies in Spain. » More on de.investing.com

Cenntro has entered into a strategic partnership with Electricove Maroc to assemble electric vehicles in Morocco for both the local and North African markets. The company also reports strong revenue growth, new orders, and product certifications in Europe and the US. These measures strengthen Cenntro's market presence in North Africa and support its international expansion. » More on de.investing.com