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Cenntro Electric Group (CENN) Revenue & Revenue Breakdown

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Cenntro Electric Group Revenue Highlights

Latest Revenue (Y)

$31.30M

Latest Revenue (Q)

$2.14M

Main Segment (Y)

Vehicles Sales

Main Geography (Y)

America

Cenntro Electric Group Revenue by Period

Cenntro Electric Group Revenue by Year

DateRevenueChange
2024-12-31$31.30M41.75%
2023-12-31$22.08M146.93%
2022-12-31$8.94M4.26%
2021-12-31$8.58M57.08%
2020-12-31$5.46M52.69%
2019-12-31$3.58M-95.35%
2019-01-31$76.94M2590.15%
2018-01-31$2.86M55.25%
2017-01-31$1.84M32.58%
2016-01-31$1.39M149.35%
2015-01-31$557.21K-

Cenntro Electric Group generated $31.30M in revenue during NA 2024, up 41.75% compared to the previous quarter, and up 875.23% compared to the same period a year ago.

Cenntro Electric Group Revenue by Quarter

DateRevenueChange
2025-03-31$2.14M-24.90%
2024-12-31$2.85M-82.94%
2024-09-30$16.73M101.09%
2024-06-30$8.32M145.30%
2024-03-31$3.39M-60.60%
2023-12-31$8.61M49.39%
2023-09-30$5.76M36.00%
2023-06-30$4.24M22.10%
2023-03-31$3.47M91.75%
2022-12-31$1.81M-13.67%
2022-09-30$2.10M-34.58%
2022-06-30$3.20M75.06%
2022-03-31$1.83M-14.62%
2021-12-31$2.14M-
2021-09-30$2.14M-
2021-06-30$2.14M-
2021-03-31$2.14M57.08%
2020-12-31$1.36M-
2020-09-30$1.36M-
2020-07-27$1.36M-
2020-03-31$1.36M52.69%
2019-12-31$893.97K-
2019-09-30$893.97K-
2019-06-30$893.97K-
2019-03-31$893.97K8.10%
2018-04-30$826.98K-25.71%
2018-01-31$1.11M79.29%
2017-10-31$620.93K-7.40%
2017-07-31$670.56K47.32%
2017-04-30$455.16K-17.23%
2017-01-31$549.90K-0.29%
2016-10-31$551.49K88.22%
2016-07-31$293.01K-

Cenntro Electric Group generated $2.14M in revenue during Q1 2025, up -24.90% compared to the previous quarter, and up 24.89% compared to the same period a year ago.

Cenntro Electric Group Revenue Breakdown

Cenntro Electric Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21
Spare-Parts Sales$2.98M$1.55M$304.51K$195.35K
Service, Other$428.13K$180.71K$402.28K$1.09M
Vehicles Sales$31.66M$20.34M$8.24M$7.29M

Cenntro Electric Group's latest annual revenue breakdown by segment (product or service), as of Dec 24: Vehicles Sales (90.29%), Spare-Parts Sales (8.49%), and Service, Other (1.22%).

Quarterly Revenue by Product

Product/ServiceMar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23
Spare-Parts Sales$242.28K-$2.78M$828.78K$24.94K$586.63K$344.70K$598.04K
Service, Other$160.98K$203.65K$176.04K$48.44K-$151.62K$137.31K$31.55K
Vehicles Sales$1.84M$3.66M$25.48M$2.51M-$12.73M$7.23M$2.84M

Cenntro Electric Group's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Vehicles Sales (82.00%), Spare-Parts Sales (10.81%), and Service, Other (7.19%).

Cenntro Electric Group Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22Dec 21Jan 21
All Other Countries$110.00K----
America$20.89M$1.06M$697.45K$3.42M-
Asia$4.58M$4.81M$1.19M$729.87K-
Europe$9.49M$16.22M$7.05M$4.38M$465.00K
Oceania---$45.58K-
Service, Other---$1.09M-
Spare-Parts Sales---$195.35K-
Vehicles Sales---$7.29M-
Australia----$21.01M
New Zealand----$34.13M
United States----$24.43M

Cenntro Electric Group's latest annual revenue breakdown by geography, as of Dec 24: America (59.57%), Europe (27.05%), Asia (13.06%), and All Other Countries (0.31%).

Quarterly Revenue by Country

CountryMar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Jul 21Jul 20Jul 19
Europe$803.27K$563.61K$7.26M$1.66M-$10.04M$5.53M$3.06M$322.00K$314.00K-
Asia$1.17M-$4.08M$1.10M-$2.98M$2.08M$276.50K---
America$263.01K$3.19M$17.07M$625.90K$475.60K$451.85K$96.70K$32.05K---
All Other Countries-$78.91K$31.09K--------
Spare-Parts Sales-------$598.04K---
Service, Other-------$31.55K---
Vehicles Sales-------$2.84M---
UNITED STATES--------$6.57M--
New Zealand---------$13.64M$14.88M
United States---------$13.00M$17.08M
Australia---------$7.60M$9.82M

Cenntro Electric Group's latest quarterly revenue breakdown by geography, as of Mar 25: Asia (52.40%), Europe (35.86%), and America (11.74%).

Cenntro Electric Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
GPGreenPower Motor$39.70M$8.38M
CENNCenntro Electric Group$31.30M$2.14M
WKHSWorkhorse Group$6.62M$9.15M
VLCNVolcon$4.04M$986.92K
GOEVCanoo$886.00K$605.00K
FFIEFaraday Future Intelligent Electric$784.00K$9.00K
MULNMullen Automotive$366.00K$2.92M
HYZNHyzon Motors$295.00K$313.00K
AYROAyro$63.78K-

CENN Revenue FAQ

What is Cenntro Electric Group’s yearly revenue?

Cenntro Electric Group's yearly revenue for 2024 was $31.3M, representing an increase of 41.75% compared to 2023. The company's yearly revenue for 2023 was $22.08M, representing an increase of 146.93% compared to 2022. CENN's yearly revenue for 2022 was $8.94M, representing an increase of 4.26% compared to 2021.

What is Cenntro Electric Group’s quarterly revenue?

Cenntro Electric Group's quarterly revenue for Q1 2025 was $2.14M, a -24.90% decrease from the previous quarter (Q4 2024), and a -36.82% decrease year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $2.85M, a -82.94% decrease from the previous quarter (Q3 2024), and a -66.85% decrease year-over-year (Q4 2023). CENN's quarterly revenue for Q3 2024 was $16.73M, a 101.09% increase from the previous quarter (Q2 2024), and a 190.33% increase year-over-year (Q3 2023).

What is Cenntro Electric Group’s revenue growth rate?

Cenntro Electric Group's revenue growth rate for the last 3 years (2022-2024) was 250.01%, and for the last 5 years (2020-2024) was 473.21%.

What are Cenntro Electric Group’s revenue streams?

Cenntro Electric Group's revenue streams in c 24 are Spare-Parts Sales, Service, Other, and Vehicles Sales. Spare-Parts Sales generated $2.98M in revenue, accounting 8.49% of the company's total revenue, up 91.55% year-over-year. Service, Other generated $428.13K in revenue, accounting 1.22% of the company's total revenue, up 136.92% year-over-year. Vehicles Sales generated $31.66M in revenue, accounting 90.29% of the company's total revenue, up 55.61% year-over-year.

What is Cenntro Electric Group’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Cenntro Electric Group was Vehicles Sales. This segment made a revenue of $31.66M, representing 90.29% of the company's total revenue.