Cenntro Inc 2025年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended:September 30,2025 OR ☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to _______. Commission file number:001-38544 CENNTRO INC. (Exact name of registrant as specified in its charter) 93-2211556 Nevada (State or other jurisdiction of incorporation or organization) 33 Wood Avenue South,Suite 600, PMB #3572 Iselin,New Jersey08830 (Address of principal executive offices, including zip code) Registrant’s telephone number, including area code(732)820-6757 Securities registered under Section 12(b) of the Exchange Act: Title of each class:Trading Symbol(s)Name of each exchange on whichregistered: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) Yes☐No☒ The registrant had87,912,831of the registrant’s common stock per value $0.0001 per share, issued and outstanding as of November12, 2025. TABLE OF CONTENTS PART I - FINANCIAL INFORMATION1Item 1. Condensed Consolidated Financial Statements (Unaudited)1Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations25Item 3. Quantitative and Qualitative Disclosure About Market Risk43Item 4. Controls and Procedures43PART II - OTHER INFORMATION44Item 1. Legal Proceedings44Item 1A. Risk Factors46Item 2. Unregistered Sales of Equity Securities and Use of Proceeds46Item 3. Defaults Upon Senior Securities46Item 4. Mine Safety Disclosures46Item 5. Other Information46Item 6. Exhibits46SIGNATURES47 Table of Contents Forward-Looking Statements This Quarterly Report of Cenntro Inc. (“we,” “us,” “our,” “Cenntro” and the “Company”) contains statements that constitute “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.Any statements that are not statements of historical facts may be deemed to be forward-looking statements. These statements appear inseveral different places in this Quarterly Report and, in some cases, can be identified by words such as “anticipates”, “estimates”,“projects”, “expects”, “contemplates”, “intends”, “believes”, “plans”, “may”, “will” or their negatives or other comparable words,although not all forward-looking statements contain these identifying words. Forward-looking statements in this Quarterly Report mayinclude, but are not limited to, statements and/or information related to: our financial performance and projections; our businessprospects and opportunities; our business strategy and future operations; the projection of timing and delivery of products in the future;projected costs; expected production capacity; expectations regarding demand and acceptance of our products; estimated costs ofmachinery to equip a new production facility; trends in the market in which we operate; the plans and objectives of management; ourliquidity and capital requirements, including cash flows and uses of cash; trends relating to our industry; plans relating to our electricvehicles (“EVs”); and plans and intentions to regain compliance with the listing requirements of The Nasdaq Stock Market LLC(“Nasdaq”), including, among other things, through a reverse stock split. We have based these forward-looking statements on our current expectations about future events on information that is available as ofthe date of this Quarterly Report, and any