Cenntro shares surge 12.28% after-hours after signing EV assembly partnership with Electricove Maroc.

Cenntro Electric Group (NASDAQ:CENN) surged 12.28% in after-hours trading following the announcement of a strategic partnership with Electricove Maroc to assemble electric vehicles in Morocco. The collaboration positions Cenntro to expand its EV manufacturing footprint in a key growth market, enhancing its strategic profile and potential revenue streams. While other recent developments, such as re-domiciling to the U.S. and compliance updates, reflect broader operational improvements, the Morocco partnership directly aligns with the stock’s sharp after-hours rally, signaling investor optimism about near-term.