GlobeNewswire Inc | Dec 20, 2021 08:00AM EST

December 20, 2021

FREEHOLD, N.J., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Cenntro Automotive (Cenntro, the Company or We), a leading EV technology company with advanced, market-validated commercial vehicles, today announced that it will participate in the upcoming 2022 Consumer Electronics Show (CES), the worlds largest consumer technology trade show, to be held January 5-8, 2022 in Las Vegas.

The Company will showcase its new EV models and state-of-the-art smart chassis, the iChassis. The iChassis is a Skateboard platform that redefines last-mile delivery and urban service with built-in autonomous driving capabilities. The iChassis operates on Cenntros Smart App, a fully digitalized driving control platform powered by Cenntros proprietary technology.

Cenntros Smart App technology integrates with the Cenntro iChassis for different vertical applications including autonomous driving for municipal services from package delivery, mobile vending machine and delivery, city sanitation, city surveillance, auto transportation, and rescue services. Production of the iChassis will commence in Q1 2023.

"CES is the largest and most anticipated event in the tech space and we are excited to exhibit our latest products, stated Peter Wang, Cenntro's Chairman and Chief Executive Officer. As a company dedicated to advancing the future of mobility, we are proud to showcase our logistics solutions for autonomous delivery. We are confident that Cenntros product portfolio is well-positioned to become a critical provider of urban autonomous mobility."

Members of Cenntros executive team will attend CES 2022 and industry analysts can schedule a meeting with Cenntro, and learn more about the Company and its products at booth 5405 in the West Hall of the Las Vegas Convention Center from January 5-8, 2022.

Please contact ir@cenntroauto.com to schedule a meeting with Cenntro at CES trade show 2022.

About Cenntro Automotive Group

A leading EV technology company with advanced, market-validated commercial vehicles, which has entered into a definitive merger agreement with Naked Brand Group Limited (NASDAQ: NAKD) with Cenntros shareholders to own approximately 70% of the combined entity on a fully-diluted basis. Cenntro leads the transformation in the automotive industry through scalable, decentralized production and fully digitalized autonomous driving solutions empowered by the Cenntro iChassis. Cenntro has sold and delivered 3300 commercial EVs in more than 26 countries as of Dec 2020. For more information about the company, please visit www.cenntroauto.com.

For further information:

Investor Contact

IR@cenntroauto.com

Media Contact

PR@cenntroauto.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/d3eed995-8abf-4870-83c2-9d4e8871a28f

https://www.globenewswire.com/NewsRoom/AttachmentNg/5595a0bc-1743-48f4-af34-d9a7543ae301