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ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables) | 6 Months Ended
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Jun. 30, 2023
ORGANIZATION AND PRINCIPAL ACTIVITIES [Abstract] |
Significant Subsidiaries of Company | As of June 30, 2023, CEGL’s subsidiaries are as follows:
Name |  | Date of Incorporation |  | Place of Incorporation |  | Percentage of direct or indirect economic interest
Cenntro Automotive Corporation (“CAC”) |  | March 22, 2013 |  | Delaware, U.S. |  | 100% owned by CEGL
Cenntro Electric Group, Inc. (“CEG”) |  | March 9, 2020 |  | Delaware, U.S. |  | 100% owned by CEGL
Cennatic Power, Inc. (“Cennatic Power”) |  | June 8, 2022 |  | Delaware, U.S. |  | 100% owned by CEGL
Teemak Power Corporation |  | January 31, 2023 |  | Delaware, U.S. |  | 100% owned by CEGL
Avantier Motors Corporation |  | November 27, 2017 |  | Delaware, U.S. |  | 100% owned by CEGL
Cenntro Electric CICS, SRL |  | November 30, 2022 |  | Santo Domingo, Dominican Republic |  | 99% owned by CEGL
Cennatic Energy S. de R.L. de C.V. |  | August 24, 2022 |  | Monterrey, Mexico |  | 100% owned by CEGL
Cenntro Automotive S.A.S. |  | January 16, 2023 |  | Galapa, Colombia |  | 100% owned by CEGL
Cenntro Electric Colombia S.A.S. |  | March 29, 2023 |  | Atlántico, Colombia |  | 100% owned by CEGL
Cenntro Automotive Group Limited (“CAG HK”) |  | February 15, 2016 |  | Hong Kong |  | 100% owned by CEGL
Hangzhou Ronda Tech Co., Limited (“Hangzhou Ronda”) |  | June 5, 2017 |  | PRC |  | 100% owned by CEGL
Hangzhou Cenntro Autotech Co., Limited (“Cenntro Hangzhou”) |  | May 6, 2016 |  | PRC |  | 100% owned by CEGL
Zhejiang Cenntro Machinery Co., Limited |  | January 20, 2021 |  | PRC |  | 100% owned by CEGL
Jiangsu Tooniu Tech Co., Limited |  | December 19, 2018 |  | PRC |  | 100% owned by CEGL
Hangzhou Hengzhong Tech Co., Limited |  | December 16, 2014 |  | PRC |  | 100% owned by CEGL
Teemak Power (Hong Kong) Limited (HK) |  | May 17, 2023 |  | Hong Kong |  | 100% owned by CEGL
Avantier Motors (Hong Kong) Limited |  | March 13, 2023 |  | Hong Kong |  | 100% owned by CEGL
Cenntro Automotive Europe GmbH (“CAE”) |  | May 21, 2019 |  | Herne, Germany |  | 100% owned by CEGL
Cenntro Electric B.V. |  | December 12, 2022 |  | Amsterdam, Netherlands |  | 100% owned by CEGL
Cenntro Elektromobilite Araçlar A.Ş |  | February 21, 2023 |  | Turkey |  | 100% owned by CEGL
Cenntro Elecautomotiv, S.L. |  | July 5, 2022 |  | Barcelona, Spain |  | 100% owned by CEGL
Cenntro Electric Group (Europe) GmbH (“Cenntro Electric”) |  | January 13, 2022 |  | Düsseldorf, Germany |  | 100% owned by CEGL
Simachinery Equipment Limited (“Simachinery HK”) |  | June 2, 2011 |  | Hong Kong |  | 100% owned by CEGL
Zhejiang Sinomachinery Co., Limited (“Sinomachinery Zhejiang”) |  | June 16, 2011 |  | PRC |  | 100% owned by CEGL
Shengzhou Cenntro Machinery Co., Limited (“Cenntro Machinery”) |  | July 12, 2012 |  | PRC |  | 100% owned by CEGL
Cenntro EV Center Italy S.R.L. |  | May 8, 2023 |  | Italy |  | 100% owned by CEGL

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- Definition A tabular presentation of the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates, as prescribed by the SEC. It reflects specified information about ownership, financial results from, and financial position in such entities. Includes the tabular presentations that disaggregate investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. + References No definition available. + Details
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