Zapp Electric Vehicles Group Limited ( (ZAPPF) ) has released its Q2 earnings. Here is a breakdown of the information Zapp Electric Vehicles Group Limited presented to its investors.
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Zapp Electric Vehicles Group Limited is a British company focused on revolutionizing personal urban mobility through high-performance electric two-wheelers, with a unique direct-to-customer delivery model.
In its latest earnings report for the six months ending March 31, 2025, Zapp EV announced the appointment of David McIntyre as the new Chief Executive Officer, aiming to leverage his extensive experience in the luxury automotive sector to drive the company’s growth and operational efficiency.
Financially, Zapp EV reported a reduced net loss of $4.3 million compared to $5.0 million in the same period the previous year, attributed mainly to decreased other expenses and operating losses. The company also highlighted a strategic shift in production plans, intending to assemble its i300 model in the UK due to challenges in accessing its Bangkok factory.
Operationally, Zapp EV has completed homologation in the EU and UK and is working on rebuilding its supply chain outside Thailand. The company has also appointed two authorized resellers in the UK and Ireland to enhance its market presence.
Looking ahead, Zapp EV’s management remains focused on executing its strategic plans to expand its product offerings and market reach, with a revised business outlook expected once supply chain adjustments are finalized.