Zapp Electric Vehicle Group shares are trading higher after the company announced that it signed a memorandum of understanding and intends to appoint Bounce Electric 1 Private as its contract manufacturing partner for sales of the i300 in India.
Portfolio Pulse from Benzinga Newsdesk
Zapp Electric Vehicle Group shares are trading higher after the company announced a memorandum of understanding with Bounce Electric 1 Private to be its contract manufacturing partner for sales of the i300 in India.
June 13, 2024 | 2:34 pm
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Zapp Electric Vehicle Group shares are trading higher following the announcement of a memorandum of understanding with Bounce Electric 1 Private to be its contract manufacturing partner for the i300 in India.
The partnership with Bounce Electric 1 Private is a significant step for Zapp Electric Vehicle Group as it expands its market reach into India, a large and growing market for electric vehicles. This positive development is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
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