$Cenntro Electric (NAKD.US)$ The Jacksonville City Council u...

The Jacksonville City Council unanimously approved the economic development deal on December 14h for the proposed 100,000- square-foot facility Company's production of its vehicle lines, with additional vehicles and a battery packing operation. facility is expected to create up to 34 new jobs including research and development specialists, positions and administrative support. The new facility will support annual production levels of over 50,000 vehicles within four years testing distribution and administrative functions. Cenntro Automotive expects to invest $25 million in the facility and to begin assembling vehicles in the first quarter of 2022.