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Zapp EV Completes Homologation in Thailand for Sales of i300
Zapp Electric Vehicles Group (Nasdaq: ZAPP) has completed homologation for its i300 electric urban motorcycle in Thailand, enabling first customer deliveries in the country. This marks a significant milestone for Zapp EV's expansion into Southeast Asia, the world's largest two-wheeler market. Thailand, being the fifth largest market for two-wheeler sales globally, presents a substantial opportunity for Zapp.
CEO Swin Chatsuwan highlighted that 87% of Thai households own at least one two-wheeler, with about half of consumers purchasing premium models. The i300's award-winning design and high performance are expected to appeal to urban consumers looking to switch to electric vehicles. Zapp EV is also planning commercial launches in other key Southeast Asian countries like Indonesia and Vietnam, targeting a market of nearly 500 million two-wheelers across Southeast Asia and India.
CEO Swin Chatsuwan highlighted that 87% of Thai households own at least one two-wheeler, with about half of consumers purchasing premium models. The i300's award-winning design and high performance are expected to appeal to urban consumers looking to switch to electric vehicles. Zapp EV is also planning commercial launches in other key Southeast Asian countries like Indonesia and Vietnam, targeting a market of nearly 500 million two-wheelers across Southeast Asia and India.
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