DENVER, Colo., 13 June, 2024 (247marketnews.com)- ZAPP Electric Vehicles Group Limited (Nasdaq:ZAPP) showcased robust growth in the stock market today, with shares soaring by 95.80% from yesterday’s close, to reach $1.40, accompanied by a significant trading volume of 1.3M shares. This surge in stock value signals bullish momentum and potential further upside, drawing attention from investors eyeing an opportunity for profitable returns.
In tandem with its stock performance, Zapp Electric Vehicles Group Limited announced a strategic partnership with Bounce Electric 1 Private Limited (“Bounce”), a key player in the Indian electric vehicle assembly sector supported by venture capital firm Accel. The memorandum of understanding solidifies Bounce’s role as Zapp EV’s contract manufacturing partner for the i300 model in India, leveraging Bounce’s established market presence and operational capabilities.
By collaborating with Bounce, Zapp EV aims to introduce the i300 model to the Indian market, enhancing its global footprint alongside ongoing initiatives in Europe and Thailand. With Bounce’s infrastructure and expertise, including a dedicated assembly facility, the partnership is poised to streamline distribution and facilitate the homologation process for the i300 in India, aligning with Zapp EV’s strategic growth objectives.
As Zapp EV prepares for the commercial launch and initial customer deliveries of the i300 in Europe and Thailand, the collaboration with Bounce signifies a significant milestone in driving sustainable innovation and advancing electric mobility solutions worldwide. The partnership underscores the shared commitment of both companies to redefine urban transportation and shape a more sustainable future for the automotive industry.
About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here.
24/7 Market News, Inc Disclaimer
Please go to https://247marketnews.com/disclaimer/ for disclaimer information.
CONTACT:
24/7 Market News
Editor@247marketnews.com
Related news for (ZAPP)
- Today’s Top Performers: MoBot’s Market Review 05/09/25 07:00 AM
- MoBot alert highlights: NASDAQ: QMMM, NASDAQ: BTOG, NYSE: ETHT, NASDAQ: BTDR, NASDAQ: ZAPP (05/08/25 11:00 AM)
- Don’t Miss Out: MoBot’s Latest Stock Updates 01/30/25 02:00 PM
- Don’t Miss Out: MoBot’s Latest Stock Updates 01/30/25 01:00 PM
- Zapp EV Reports First Half FY 2024 Financial Results and Raises Business Outlook