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Cenntro Electric Group (CENN) Revenue & Revenue Breakdown

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Cenntro Electric Group Revenue Highlights

Latest Revenue (Y)

$22.08M

Latest Revenue (Q)

$16.73M

Main Segment (Y)

Vehicles Sales

Main Geography (Y)

Europe

Cenntro Electric Group Revenue by Period

Cenntro Electric Group Revenue by Year

DateRevenueChange
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-

Cenntro Electric Group generated $22.08M in revenue during NA 2023, up 146.93% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Cenntro Electric Group Revenue by Quarter

DateRevenueChange
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 $16.73M in revenue during Q3 2024, up 101.09% compared to the previous quarter, and up 394.84% 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 23Dec 22Dec 21
Spare-Parts Sales$1.55M$304.51K$195.35K
Vehicles Sales$20.34M$8.24M$7.29M
Service, Other$180.71K$402.28K$1.09M

Cenntro Electric Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Vehicles Sales (92.14%), Spare-Parts Sales (7.04%), and Service, Other (0.82%).

Quarterly Revenue by Product

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

Cenntro Electric Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Vehicles Sales (89.59%), Spare-Parts Sales (9.79%), and Service, Other (0.62%).

Cenntro Electric Group Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Jan 21Jan 20
Asia$4.81M$1.19M$729.87K--
America$1.06M$697.45K$3.42M--
Europe$16.22M$7.05M$4.38M$465.00K$1.05M
Oceania--$45.58K--
Service, Other--$1.09M--
Vehicles Sales--$7.29M--
Spare-Parts Sales--$195.35K--
United States---$24.43M$30.86M
Australia---$21.01M$24.36M
New Zealand---$34.13M$33.79M

Cenntro Electric Group's latest annual revenue breakdown by geography, as of Dec 23: Europe (73.45%), Asia (21.76%), and America (4.78%).

Quarterly Revenue by Country

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

Cenntro Electric Group's latest quarterly revenue breakdown by geography, as of Sep 24: America (60.02%), Europe (25.53%), Asia (14.35%), and All Other Countries (0.11%).

Cenntro Electric Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
GPGreenPower Motor Company$39.70M$8.38M
CENNCenntro Electric Group$22.08M$16.73M
WKHSWorkhorse Group$13.09M$9.15M
GOEVCanoo$886.00K$605.00K
FFIEFaraday Future Intelligent Electric$784.00K$9.00K
AYROAyro$498.92K$5.43K
MULNMullen Automotive$366.00K$65.23K
HYZNHyzon Motors$295.00K$313.00K
VLCNVolcon-$1.08M

CENN Revenue FAQ

What is Cenntro Electric Group’s yearly revenue?

Cenntro Electric Group's yearly revenue for 2023 was $22.08M, representing an increase of 146.93% compared to 2022. The company's yearly revenue for 2022 was $8.94M, representing an increase of 4.26% compared to 2021. CENN's yearly revenue for 2021 was $8.58M, representing an increase of 57.08% compared to 2020.

What is Cenntro Electric Group’s quarterly revenue?

Cenntro Electric Group'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). The company's quarterly revenue for Q2 2024 was $8.32M, a 145.30% increase from the previous quarter (Q1 2024), and a 96.35% increase year-over-year (Q2 2023). CENN's quarterly revenue for Q1 2024 was $3.39M, a -60.60% decrease from the previous quarter (Q4 2023), and a -2.26% decrease year-over-year (Q1 2023).

What is Cenntro Electric Group’s revenue growth rate?

Cenntro Electric Group's revenue growth rate for the last 3 years (2021-2023) was 157.44%, and for the last 5 years (2019-2023) was 517.47%.

What are Cenntro Electric Group’s revenue streams?

Cenntro Electric Group's revenue streams in c 23 are Spare-Parts Sales, Vehicles Sales, and Service, Other. Spare-Parts Sales generated $1.55M in revenue, accounting 7.04% of the company's total revenue, up 410.44% year-over-year. Vehicles Sales generated $20.34M in revenue, accounting 92.14% of the company's total revenue, up 147.05% year-over-year. Service, Other generated $180.7K in revenue, accounting 0.82% of the company's total revenue, down -55.08% year-over-year.

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

For the fiscal year ending Dec 23, the largest source of revenue of Cenntro Electric Group was Vehicles Sales. This segment made a revenue of $20.34M, representing 92.14% of the company's total revenue.