Cenntro shares surge 20.22% premarket following strategic partnership with Electricove Maroc for EV assembly in Morocco.

Cenntro Inc. surged 20.22% in premarket trading following the announcement of a strategic partnership with Electricove Maroc to assemble electric vehicles in Morocco. The agreement, disclosed on July 22, 2025, positions the company to expand its EV manufacturing footprint in a key growth market, enhancing investor confidence in its long-term prospects. The partnership aligns with Cenntro’s focus on global EV production and follows recent product launches, including the Logistar® 210 and hydrogen fuel cell trucks, which have underscored its diversification into multiple electric vehicle segments. While other news, such as a Nasdaq compliance extension and prior order announcements, were noted, the Morocco partnership emerged as the most immediate and impactful catalyst for the sharp premarket rally.