ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)

6 Months Ended

Jun. 30, 2026

ORGANIZATION AND PRINCIPAL ACTIVITIES [Abstract]

Assets and Liabilities of Discontinued Operations and Loss from Discontinued Operations

The carrying amounts of the major classes of assets and liabilities of CEGE, CAE and Cenntro EV Center Italy S.R.L. included in assets and liabilities of discontinued operations were as follows:

	June 30, 2026		December 31, 2025
	(Unaudited)
Cash and cash equivalents	$	-	$	48,863
Accounts receivable, net		-		144,856
Inventories		-		1,318,610
Prepayment and other current assets, net		-		1,214,361
Total assets classified as held for sale	$	-	$	2,726,690
Accounts payable	$	-	$	1,439,004
Accrued expenses and other current liabilities		-		579,443
Contract liabilities		-		84,641
Total liabilities classified as held for sale	$	-	$	2,103,088

The key components of loss from discontinued operations for the six months ended June 30, 2026 and 2025 were as follows:

	For the Six Months ended June 30,
	2026			2025
	(Unaudited)			(Unaudited)
Net revenues	$	-		$	162,179
Cost of goods sold		-			(768,189	)
Gross loss		-			(606,010	)
Selling and marketing expenses		(95,426	)		(124,534	)
General and administrative expenses		(29,377	)		(398,227	)
Provision for credit losses		-			(428,610	)
Total operating expenses		(124,803	)		(951,371	)
Loss from discontinued operations		(124,803	)		(1,557,381	)
Income from long-term investments		-			6,359
Foreign currency exchange income (loss), net		15,054			(138,140	)
Loss on disposition of subsidiaries (1)		(2,817,651	)		-
Other income (loss), net		131,633			(320,040	)
Income (loss) from discontinued operations before taxes		(2,795,767	)		(2,009,202	)
Income tax expenses	-				-
Income (loss) from discontinued operations, net of tax	$	(2,795,767	)	$	(2,009,202	)

(1) Loss on disposition of subsidiaries was resulting from loss on the liquidation of CAE and CEGE.

Significant Subsidiaries of Company

As of June 30, 2026, Cenntro Inc.’s subsidiaries were as follows:

Name	Date of Incorporation	Place of Incorporation	Percentage of direct or indirect economic interest
Cenntro Electric Group Pty Limited (“CEGL”)	May 11, 2017	Australia	100% owned by Cenntro Inc.
Cenntro Automotive Corporation (“CAC”)	March 22, 2013	Delaware, U.S.	100% owned by Cenntro Inc.
Cenntro Electric Group, Inc. (“CEGI”)	March 9, 2020	Delaware, U.S.	100% owned by Cenntro Inc.
Cennatic Power, Inc. (“Cennatic Power”)	June 8, 2022	Delaware, U.S.	100% owned by Cenntro Inc.
Bison Motors Inc. (formerly known as “Teemak Power Corporation”) (1)	January 31, 2023	Delaware, U.S.	100% owned by Cenntro Inc.
Avantier Motors Corporation	November 17, 2017	Delaware, U.S.	100% owned by Cenntro Inc.
Cennatic Energy S. de R.L. de C.V.	August 24, 2022	Monterrey, Mexico	100% owned by Cenntro Inc.
Cenntro Automotive S.A.S.	January 16, 2023	Galapa, Colombia	100% owned by Cenntro Inc.
Cenntro Electric Colombia S.A.S.	March 29, 2023	Atlántico, Colombia	100% owned by Cenntro Inc.
Cenntro Automotive Group Limited (“CAG HK”)	February 15, 2016	Hong Kong	100% owned by Cenntro Inc.
Hangzhou Ronda Tech Co., Limited (“Hangzhou Ronda”)	June 5, 2017	PRC	100% owned by Cenntro Inc.
Hangzhou Cenntro Autotech Co., Limited (“Cenntro Hangzhou”)	May 6, 2016	PRC	100% owned by Cenntro Inc.
Zhejiang Cenntro Machinery Co., Limited	January 20, 2021	PRC	100% owned by Cenntro Inc.
Jiangsu Tooniu Tech Co., Limited	December 19, 2018	PRC	100% owned by Cenntro Inc.
Hangzhou Hengzhong Tech Co., Limited	December 16, 2014	PRC	100% owned by Cenntro Inc.
Teemak Power (Hong Kong) Limited	May 17, 2023	Hong Kong	100% owned by Cenntro Inc.
Avantier Motors (Hong Kong) Limited	March 13, 2023	Hong Kong	100% owned by Cenntro Inc.
Autotrax.ai Inc.	January 1, 2026	Delaware, U.S.	100% owned by Cenntro Inc.
Cenntro Electric B.V.	December 12, 2022	Amsterdam, Netherlands	100% owned by Cenntro Inc.
Cenntro Elektromobilite Araçlar A.Ş	February 21, 2023	Turkey	100% owned by Cenntro Inc.
Cenntro Elecautomotiv, S.L.	July 5, 2022	Barcelona, Spain	100% owned by Cenntro Inc.
Simachinery Equipment Limited (“Simachinery HK”)	June 2, 2011	Hong Kong	100% owned by Cenntro Inc.
Cenntro EV Center Italy S.R.L. (2)	May 8, 2023	Italy	100% owned by Cenntro Inc.
Pikka Electric Corporation	August 3, 2023	Delaware, U.S.	100% owned by Cenntro Inc.
Averra Electric Mobility Inc.	January 1, 2026	Delaware, U.S.	100% owned by Cenntro Inc.
Centro Technology Intelligent Mobility Corporation	August 24, 2023	California, U.S.	100% owned by Cenntro Inc.
Hangzhou Hezhe Energy Technology Co., Ltd. (“Hangzhou Hezhe”)	July 1, 2021	PRC	80% owned by Cenntro Inc.
Hangzhou Hezhe International Trading Co., Ltd.	July 15, 2025	PRC	80% owned by Cenntro Inc.

(1) On March 6, 2025, Teemak Power Corporation changed its name to Bison Motors Inc.

(2) On January 14, 2026, Cenntro EV Center Italy S.R.L. was deregistered. CEGE and CAE were under liquidation as of June 30, 2026