Cenntro Locks in Major European Expansion with 200-Unit Logistar® 450P Contract

Electric commercial vehicle manufacturer Cenntro (NASDAQ: CENN) has officially finalized a significant procurement agreement with Spanish mobility provider QEV Technologies, securing orders for 200 purpose-built Logistar® 450P electric passenger vans tailored for the European market. The strategic partnership marks a pivotal moment for Cenntro’s international growth trajectory.

Contract Details and Financial Commitment

The agreement specifies that Cenntro has obtained a 30% upfront payment for the initial batch of 47 units, with delivery slated for Q1 2025. This financial structure demonstrates strong buyer confidence in the LS450P model and validates the product’s market positioning.

Product Innovation and Regulatory Approval

The Logistar® 450P represents a specially engineered variant developed collaboratively by QEV and Cenntro, distinguishing itself through EU M2 Type Approval certification. This regulatory credential enables the vehicle to operate in short-distance shuttle services and public transportation applications—a versatility that sets it apart in Europe’s commercial vehicle landscape. The LS450P joins an expanding lineup of Logistar LS450 variations, each engineered to address distinct market needs.

Strategic Market Positioning

Peter Wang, Chief Executive Officer and Chairman of Cenntro, emphasized the significance of this collaboration: “This partnership with QEV Technologies underscores our commitment to delivering eco-friendly commercial transportation at scale. The LS450P exemplifies how purpose-built electric vehicles can address diverse operational requirements while supporting Europe’s sustainability objectives.”

Cenntro’s expansion into European markets reflects broader industry trends favoring electric commercial vehicles. As regulatory frameworks tighten and transportation operators prioritize carbon reduction, demand for specialized electric solutions like Cenntro’s offerings continues to accelerate. The LS450 series—now enhanced with the LS450P variant—positions the company to capture emerging opportunities across multiple geographic regions.

Partner Profile

QEV Technologies operates as a publicly traded entity on Euronext Amsterdam, bringing over two decades of expertise in electric mobility development and vehicle engineering. The company’s focus on research, development, and innovation in next-generation electric vehicles complements Cenntro’s technological capabilities.

Cenntro manufactures and distributes electric commercial vehicles (ECVs) across multiple classifications, from Class 1 through Class 4 trucks. The company continues strengthening its global supply chain infrastructure while advancing battery, powertrain, and autonomous driving technologies to maintain competitive differentiation in the evolving ECV sector.