Centro Plans $1.15 Million Expansion of Westside Facility | Jax Daily Record | Jacksonville daily record


By Karen Brune Mathis & Mark Basch | staff authors

Centro Electric Group Ltd. is considering expanding its electric vehicle plant in West Jacksonville for $1.15.

ARCO Design/Build is the contractor for a 30,000 square foot space at Building 100 at 2240 Lane Ave. N

The architect is ADB Design Services of Atlanta. Legacy Engineering Inc. of Jacksonville is the civil engineer.

Plans as of October 19 said the improvements would include a factory/vehicle assembly area, storage and office space.

Centro is constructing a 30,000-square-foot space in Building 100 at 2240 Lane Ave. N out.

There is also about 70,000 square feet for “future expansion.”

Centro manufactures light and medium-duty electric vehicles for companies and government agencies.

His project was slower than projected.

The New Jersey-based company’s April annual report said it expects to begin trial assembly operations at its Jacksonville facility by the end of the second quarter.

However, its semi-annual report published on September 13 said that these operations are expected to start by the end of 2022.

The company said in December it would open its first US assembly plant for the vehicles in Jacksonville with the help of $450,000 in tax incentives approved by the City Council. It promised to create 34 jobs at the plant by the end of 2023

Two weeks after the Jacksonville plant was announced, Centro went public through a merger with an existing public company.

The Centro TeeMak is designed for off-road use.

Centro said it sold 337 vehicles in the first half of this year, up from 273 in the first six months of 2021.

Revenue doubled to $5 million in the first half of 2022.

“During the first half of 2022, we continued to execute on our strategic initiatives and increased our sales despite a challenging macroeconomic environment,” said CEO Peter Wang in a press release.

Wang said 132 of the vehicles sold this year were new models with a higher selling price.

Cenntro’s semi-annual report says it began a 10-year lease in May for a 100,000-square-foot facility in Lane Industrial Park on Jacksonville’s West Side.

Centro said it sold 337 vehicles in the first half of this year.

Annual rent for the facility starts at $695,000 and increases every year, it said.

Centro has outlined ambitious growth plans as it opens its Jacksonville plant and another plant in Germany this year.

The company forecast 74,800 vehicle sales in 2023 when it announced the deal, which is set to go public in November 2021.

When it announced its decision to open its first US plant in Jacksonville, it said the plant would support an annual production level of more than 50,000 vehicles within four years.

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