- Dec 4, 2002
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What if you could invest in a commercial electric vehicle company that has already sold thousands of last mile delivery vehicles, who makes their own chips, has an antonymous chassis that is highly configurable, is a US company, and whose stock can be purchased for less than $3 a share. Well you can, and the the company is Cenntro Electric Group Limited, ticker symbol CENN. This is not financial advice, and buying any stock is risky. Do your own due diligence. The current number of shares is 261 million, but over half of those shares are locked up for 180 days, so a relatively small tradable float. Today is the first day of trading for the new ticker symbol CENN and I believe that the <$3 share price will be either a one day sale or maybe just part of one day before it moves higher. I wouldn't want my friends and family to miss out on an opportunity like this. CENN is not in any way competing with luxury EV makers like TSLA, which IPO'd at $17 in 2010. TSLA struggled and was trading at $7 in 2013, and you can see where it is now. Rivian (RIVN) is a competitor in the commercial EV truck space and recently IPO'd and is selling for $80 per share. RIVN has 892 million outstanding shares. And get this - They have not sold one single vehicle. No I am not kidding. Good luck!