All Electric KOMBI Compact Work Truck Unveiled at World Ag Expo

SPARKS, NV--Feb. 11, 2014: Cenntro Motor Corporation, an American manufacturer of all-electric vehicles, today announced the debut of its production intent KOMBI, its compact utility vehicle and the launch of production in the United States. The all-electric KOMBI combines Cenntro's advanced vehicle platform technology and features an advanced propulsion system. It is the first vehicle in this class produced in the United States.

The KOMBI EV features a 6.2 kWh Samsung Lithium battery, a range of over 50 miles on a single charge with a charge time under 6 hours. The combination of Cenntro's expertise and its ability to work with strategic suppliers like KLD Energy and Samsung SDI, allows it to develop vehicles that bring forward new standards for efficiency, functionality, size, and safety and establish a new benchmark for affordability.

Cenntro will initially sell the KOMBI in North America and will begin to deliver vehicles in the second quarter of 2014. "The KOMBI is an extremely versatile vehicle that was purpose built for multiple applications from warehouse operations, to agriculture, landscape and maintenance needs in addition to light urban deliveries," said Marianne McInerney, Executive Vice President of Cenntro Motor. "The KOMBI is easily adaptable and can be upfit in a variety of configurations. The KOMBI EV offers our customer maximum flexibility in terms of range, design and purpose. "

The KOMBI EV features an 800 lb payload, and platform options that can be designed to reflect application needs. The KOMBI will initially be available in the EV model, a low speed variation, and the product line will expand in the third quarter of 2014 to include Off Road and later a full speed variation.

"The KOMBI offers consumers an affordable, safe driving experience at an extremely competitive price that benchmarks with other gas and battery electric vehicles in the segment," continued McInerney.

The KOMBI will be featured at the World Ag Expo, the largest annual agricultural exposition with over 1,500 cutting-edge agricultural technology and equipment manufacturers, which hosts an estimated average attendance of 100,000 from 70 countries.