---
title: "This penny EV stock could hit record lows – here’s what is spooking investors"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282200212.md"
description: "Shares of Cenntro Inc. (CENN) fell nearly 26% in pre-market trading following the announcement of a 1-for-60 reverse stock split effective April 13. If the shares maintain their current levels, they could reach an all-time low. The company is implementing this consolidation to address investor concerns."
datetime: "2026-04-09T12:59:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282200212.md)
  - [en](https://longbridge.com/en/news/282200212.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282200212.md)
---

# This penny EV stock could hit record lows – here’s what is spooking investors

Shares of Cenntro Inc. (CENN) slumped nearly 26% in pre-market trading on Thursday, after the electric vehicle company announced a 1-for-60 reverse stock split, effective April 13. If CENN shares hold their current levels after the opening bell, they would crack to an all-time low. The company said it is implementing the consolidation in order to r...

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