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Cenntro Electric Group (CENN) Revenue & Revenue Breakdown

OverviewFinancialsChart

Cenntro Electric Group Revenue Highlights

Latest Revenue (Y)

$31.30M

Latest Revenue (Q)

$16.73M

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

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

Cenntro Electric Group's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Vehicles Sales (94.73%), and Service, Other (5.27%).

Cenntro Electric Group Revenue Breakdown by Country

Annual Revenue by Country

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

CountryDec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Jul 21Jul 20Jul 19
Asia-$4.08M$1.10M-$2.98M$2.08M$276.50K---
All Other Countries$78.91K$31.09K--------
America$3.19M$17.07M$625.90K$475.60K$451.85K$96.70K$32.05K---
Europe$563.61K$7.26M$1.66M-$10.04M$5.53M$3.06M$322.00K$314.00K-
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 Dec 24: America (83.24%), Europe (14.70%), and All Other Countries (2.06%).

Cenntro Electric Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
GPGreenPower Motor$39.70M$8.38M
CENNCenntro Electric Group$31.30M$16.73M
WKHSWorkhorse Group$6.62M$9.15M
VLCNVolcon$4.04M$1.08M
GOEVCanoo$886.00K$605.00K
FFIEFaraday Future Intelligent Electric$784.00K$9.00K
MULNMullen Automotive$366.00K-
HYZNHyzon Motors$295.00K$313.00K
AYROAyro$63.78K$5.43K

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 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 (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, Vehicles Sales, and Service, Other. Spare-Parts Sales generated $2.98M in revenue, accounting 8.49% of the company's total revenue, up 91.55% 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. Service, Other generated $428.13K in revenue, accounting 1.22% of the company's total revenue, up 136.92% 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.