Cenntro Electric Group Added to Russell 2000®, Russell 3000® and Russell Microcap® Indexes
27 June 2022 - 10:31PM
Business Wire
Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV
technology company with advanced, market-validated electric
commercial vehicles, today announced that it has been added the
Russell 2000®, Russell 3000® and Russell Microcap®
Indexes effective after the market close on June 24, 2022 as part
of FTSE Russell’s annual reconstitution.
The Russell 3000® Index is comprised of the largest 3,000 US
companies by market capitalization, representing approximately 97%
of the investable US equity market. The Russell 2000®, a subset of
the Russell 3000® Index, is comprised of 2,000 publicly traded
small-capitalization companies. The Russell Microcap® Index
consists of the microcap segment of the US equity market and is
comprised of the smallest 1,000 securities in the small-cap Russell
2000® Index, plus the next 1,000 smallest eligible securities by
market capitalization.
“Cenntro’s presence in the Russell 2000® and Russell 3000®
Indexes is another important milestone that is a result of the
considerable growth over the past year,” said Peter Wang, Chairman
and Chief Executive Officer of Cenntro Electric Group Limited.
The annual Russell indexes reconstitution captures the 4,000
largest US stocks as of May 6, ranking them by total market
capitalization. Membership in the US all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000® Index or small-cap Russell 2000® Index
as well as the appropriate growth and value style indexes.
Membership in the Russell Microcap® Index also remains in place for
one year with automatic inclusion in the appropriate growth and
value style indexes. FTSE Russell determines membership for its
Russell indexes primarily by objective, market-capitalization
rankings and style attributes.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
Portfolio managers and analysts who wish to request a meeting
should email their request to IR@cenntroauto.com or contact MZ
Group at 1-949-491-8235.
About Cenntro Electric Group Ltd.
Cenntro Electric Group Ltd. (or "Cenntro") (NASDAQ: CENN) is a
leading designer and manufacturer of electric light and medium-duty
commercial vehicles. Cenntro’s purpose-built ECVs are designed to
serve a variety of organizations in support of city services,
last-mile delivery and other commercial applications. Cenntro plans
to lead the transformation in the automotive industry through
scalable, decentralized production, and smart driving solutions
empowered by the Cenntro iChassis. As of December 31, 2021, Cenntro
has sold or put into service more than 3,700 vehicles in over 25
countries across North America, Europe and Asia. For more
information, please visit Cenntro’s website at:
www.cenntroauto.com.
Forward-Looking Statements
This communication contains "forward-looking statements" within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that are not historical facts.
Such statements may be, but need not be, identified by words such
as "may,'' "believe,'' "anticipate,'' "could,'' "should,''
"intend,'' "plan,'' "will,'' "aim(s),'' "can,'' "would,''
"expect(s),'' "estimate(s),'' "project(s),'' "forecast(s)'',
"positioned,'' "approximately,'' "potential,'' "goal,''
"strategy,'' "outlook'' and similar expressions. Examples of
forward-looking statements include, among other things, statements
regarding assembly and distribution capabilities, decentralized
production, and fully digitalized autonomous driving solutions. All
such forward-looking statements are based on management's current
beliefs, expectations and assumptions, and are subject to risks,
uncertainties and other factors that could cause actual results to
differ materially from the results expressed or implied in this
communication. For additional risks and uncertainties that could
impact Cenntro’s forward-looking statements, please see disclosures
contained in Cenntro's public filings with the SEC, including the
"Risk Factors" in Cenntro's Annual Report on Form 20-F filed with
the Securities and Exchange Commission on April 25, 2022 and which
may be viewed at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20220627005182/en/
Investor Relations Contact:
Chris Tyson MZ North America CENN@mzgroup.us 949-491-8235
Company Contact:
PR@cenntroauto.com IR@cenntroauto.com
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