Core Insights - Zapp Electric Vehicles Group Limited has entered into a turnkey engineering, procurement, and construction agreement with AIH Group to establish a low-cost manufacturing reference site in the Bangkok Free Trade Zone, covering 100 acres with 220,000 square meters of manufacturing capacity, expected to be completed by early 2025 [1][2] - The new site will serve as a model for Zapp to create additional proprietary manufacturing facilities globally, each capable of producing up to 20,000 units annually in regions with significant sales growth potential [1][2] Company Overview - Zapp EV aims to redefine the electric two-wheeler segment with its debut product, the i300, which combines high performance with ease of use in an urban setting [4] - The i300 will be sold through a direct-to-customer model, where customers can order online and receive their bikes delivered to their homes by authorized personnel, ensuring a high-quality customer experience [4] Strategic Partnerships - The collaboration with AIH Group brings valuable expertise in contract manufacturing, enhancing Zapp's ability to scale operations and meet its business goals [2][3] - AIH Group has a strong background in working with leading automotive brands, which will support Zapp in accelerating its production and operational plans [3]
Zapp EV Appoints AIH Group to Deliver New Manufacturing Reference Site following First Sales of i300 in Thailand