Cenntro Electric $NAKD Unveils Autonomous Driving Vehicle at CES 2022

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Cenntro Electric Group gave the public a view of its autonomous driving vehicle at CES 2022.

Cenntro Electric Group Unveils its iChassis Autonomous Driving Vehicle at CES 2022

January 7, 2022, Cenntro Electric Group Limited (NASDAQ:NAKD), a leading EV technology company with advanced, market-validated commercial vehicles unveiled its state of the art autonomous vehicle, the iChassis skateboard at the 2022 Consumer Electronics Show (CES).

The iChassis was engineered to redefine last mile delivery and supports new efficiencies for packages, good and services as well as related municipal services. The iChassis is operated by Cenntro’s Smart App, a fully digitalized proprietary driving control system, powered by chips developed by Cenntro. Cenntro’s Smart App can integrate with operating systems from Tier One OS providers.

Cenntro’s iChassis integrates with third-party apps for different vertical uses including autonomous driving for municipal services from package delivery, mobile vending machine and delivery, city sanitation, city surveillance, auto transportation, and rescue services. iChassis production will begin by Q1 2023.

The iChassis opens a world of possibilities beyond everyday logistics

“The iChassis is revolutionary in logistics management resulting in efficiencies in both time and money,” said Peter Wang, CEO of Cenntro Electric Group. “The reaction to the iChassis has been extraordinary. We have received interest from parcel delivery, food and beverage services, and grocery retail chains interested in mobile lockers that deliver on-demand to the customer’s front door. The iChassis applications are only limited by one’s imaginations.”

CEG is a leading EV technology company with advanced, market-validated commercial vehicles. Cenntro leads the transformation in the automotive industry through scalable, decentralized production and fully digitalized autonomous driving solutions empowered by the Cenntro iChassis. Cenntro has sold and delivered 3300 commercial EVs in more than 26 countries as of December 2020.

📺 ❗$NAKD ❗CENNTRO ELECTRIC GROUP LTD❗24H FROM COMPLIANCE❗1/4/22

❗$NAKD ❗CENNTRO ELECTRIC GROUP LTD❗24H FROM COMPLIANCE❗1/4/22

📉 NAKD Stock Technical Analysis

Nakd Stock

The short-term trend is negative, as is the long-term trend. NAKD is one of the lesser performing stocks in the Textiles, Apparel & Luxury Goods industry. 90% of 47 stocks in the same industry do better. NAKD is currently trading near the lower end of its 52-week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NAKD is lagging the market. Prices have been falling strongly lately, it is better to avoid new long positions here.

There is a resistance zone ranging from 4.17 to 4.19. This zone is formed by a combination of multiple trend lines in multiple time frames. There is also resistance at 7.77 from a trend line in the weekly time frame.

The technical rating of NAKD is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation. Click here to sign up for email alerts on when NAKD stock consolidates and is a good long entry.

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