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Cenntro serves fleet and municipal organizations that need vehicles for last-mile delivery, city services and other commercial work. Its vehicles include Metro and Logistar models. It sells to customers directly and through dealers and distribution partners; vehicle sales provide most revenue, with spare parts a smaller source. Europe is its largest vehicle-sales market.
Much of the production takes place in China, using Cenntro’s own facilities and contracted manufacturers. Vehicles ship either complete or as kits assembled closer to customers, including at Cenntro facilities in North America and Europe. Local dealers and distributors handle much of the selling, supported by company-operated EV Centers that provide sales and after-sales support.
The business depends on these production and distribution relationships: one unnamed customer contributes a substantial share of revenue, and one unnamed supplier accounts for most purchases. Dealers and channel partners generally have no binding minimum purchase commitments. Demand also depends significantly on government support for electric vehicles. Before selling in each market, Cenntro must obtain the required vehicle approvals and certifications, which can limit where particular models may be sold.
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Cenntro’s results hinge on fleet electrification incentives and its China-based manufacturing network, including Seres, Chery and JMC, which build vehicles under contract.
Workhorse Group competes with Cenntro for last-mile delivery and work-truck fleet purchases, selling electric commercial trucks and chassis that buyers can configure for different jobs. More than half of Workhorse’s 2025 vehicle deliveries went to repeat customers—a sign of repeat buying among the fleet customers Cenntro also targets.
Rivian Automotive competes with Cenntro for last-mile fleet purchases by selling electric delivery and commercial vans directly to business customers. Its commercial-van sales, rather than its consumer pickups and SUVs, are the part of Rivian’s business to watch for this rivalry.
Stellantis competes with Cenntro for fleet buyers in Europe, Cenntro’s largest revenue region, by selling electric commercial vans under its European brands.
Ford Motor Company competes with Cenntro for delivery and service-fleet purchases in Europe and North America through its Transit and E-Transit commercial vans.
Stellantis N.V. earningsSTLA
Stellantis's report shows whether its electric commercial vans are winning fleet buyers in Europe, Cenntro's largest revenue region.
If Stellantis reports electric commercial-van sales or deliveries, read them alongside its broader vehicle results. Stronger van results would show that European fleet buyers are taking up these vehicles and that Cenntro faces a more compelling rival; weaker results would suggest less pressure from Stellantis, but would not prove those buyers are turning to Cenntro.
