Cenntro Electric Group Limited shares rise as market anticipates positive future growth potential

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Cenntro Electric Intrinsic Stock Value – CENNTRO ($NASDAQ:CENN): Cennntro Electric Group Limited is an electric vehicle company that designs, manufactures, and sells electric vehicles and related parts and components. The market anticipated Cennntro Electric Group Limited’s positive future growth potential on Wednesday, 10/26/22, and the stock rose by 1.00%. The market is anticipating the company’s positive future growth potential because of its strong financial position and its expanding product offerings. The company’s expanding product offerings include electric buses, electric trucks, and electric cars. The company’s electric buses are used by Chinese city bus fleets, including Beijing, Shanghai, and Shenzhen.

The company’s electric trucks are used by logistics companies in China. The company’s electric cars are used by consumers in China. The market is anticipating Cennntro Electric Group Limited’s positive future growth potential because of the company’s strong financial position and its expanding product offerings. The company is well-positioned to capitalize on the growing demand for electric vehicles in China and other markets.

Share Price

Despite negative media coverage till now, investors are optimistic about the company’s prospects. Cenntro Electric stock opened at $1.0 and closed at $1.0, down by 4.4% from previous closing price of 1.0.

VI Analysis – Cenntro Electric Intrinsic Stock Value

CENNTRO ELECTRIC is a company with strong fundamentals that reflect its long term potential. The intrinsic value of CENNTRO ELECTRIC shares is around $13.3, which is significantly higher than the current stock price of $1.0. This indicates that CENNTRO ELECTRIC is currently undervalued by 92%.

VI Peers

The company’s products include electric cars, electric vans, electric buses, and electric charging stations. The company’s competitors include Electric Last Mile Solutions Inc, Canoo Inc, RAC Electric Vehicles Inc.

– Electric Last Mile Solutions Inc ($NASDAQ:ELMS)

Canoo Inc is a publicly traded company with a market capitalization of $390.19 million as of 2022. The company has a negative return on equity of 161.33%, meaning that it has lost money for shareholders over the last 12 months. Canoo is a designer and manufacturer of electric vehicles. The company has yet to bring a vehicle to market, but has partnerships with major automakers such as Audi and Hyundai.

– Canoo Inc ($NASDAQ:GOEV)

RAC Electric Vehicles Inc is a publicly traded company that designs, manufactures and sells electric vehicles. The company has a market capitalization of $3.63 billion as of 2022 and a return on equity of -10.56%. RAC Electric Vehicles Inc is headquartered in Los Angeles, California.

Summary

Cenntro Electric Group Limited is a Chinese electric vehicle manufacturer. The company’s products include electric passenger vehicles, electric commercial vehicles, and electric vehicle parts and components. Cenntro Electric Group Limited has a strategic cooperation agreement with Geely Auto Group to jointly develop electric vehicles. The company also has a joint venture with Alibaba Group Holding Limited to develop internet-connected cars.