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Zapp EV Completes Homologation in Thailand for Sales of i300
ZAPPZapp(ZAPP) GlobeNewswire News Room·2024-09-10 12:45

Core Insights - Zapp Electric Vehicles Group Limited has completed homologation for its i300 electric urban motorcycle in Thailand, marking its entry into the Southeast Asian market [1][2] - The i300 is positioned as a high-performance electric two-wheeler, appealing to a market where 87% of households own at least one two-wheeler, with a growing demand for premium models [2][3] - The company plans to expand its commercial launches to other Southeast Asian countries, including Indonesia and Vietnam, targeting a market with nearly 500 million two-wheelers [3] Company Overview - Zapp EV aims to redefine the electric two-wheeler segment with its debut product, the i300, which combines traditional motorcycle performance with a step-through design [4] - The company will utilize a direct-to-customer model, where customers can order online and receive home delivery and support from authorized personnel [4]