ZAPP

Zapp EV Receives Approval: Zapp Electric Vehicles Group Limited has obtained type approval from the UK Vehicle Certification Agency, allowing the i300 electric motorcycle to be registered for sale in Great Britain, facilitating its commercial rollout in Europe.

Direct-to-Customer Sales Model: The company plans to enhance customer experience through a direct-to-customer delivery model, where customers can order the i300 online and receive home delivery along with at-home inspection and support services.

Zapp Electric Vehicles Group Announcement: Zapp EV has appointed Green Mopeds Ltd. as its first authorized reseller for the i300 urban electric motorcycle in Great Britain, allowing customers to view and test-ride the vehicle while receiving delivery and after-sales support.

Production and Expansion Plans: Zapp's new micro-factory in Thailand aims to produce up to 21,500 units annually, fulfilling both domestic and international orders, with plans to replicate this model in other high-demand regions like India as they expand their reseller network.

Zapp EV Receives Certification: Zapp Electric Vehicles Group Limited has obtained the European Community Whole Vehicle Type Approval (ECWVTA) for its i300 electric urban motorcycle, allowing it to sell the vehicle across the EU and in countries that recognize this certification, such as India.

Launch Plans and Customer Experience: Following the certification, Zapp EV plans to activate its rollout in Europe by converting existing customer reservations and appointing authorized resellers, while offering a direct-to-customer delivery service for the i300.

Zapp's Financial Move: Zapp (ZAPP) has filed a $50 million mixed securities shelf registration, indicating plans to raise capital through various securities offerings.

Analyst Insights: Recent reports highlight Zapp EV's 2024 financial results and growth strategies, while Maxim has lowered the company's price target from $7 to $3.

Financial Results Announcement: Zapp Electric Vehicles Group Limited will report its fiscal year 2024 financial results on January 31, 2025, and will host a conference call for investors on February 4, 2025.

Product and Service Overview: Zapp EV aims to redefine the electric two-wheeler market with its i300 model, offering a direct-to-customer delivery experience and ongoing support throughout the vehicle ownership lifecycle.

Maxim Group Coverage: Maxim Group has initiated coverage of Zapp Electric Vehicles Group with a Buy recommendation, projecting a 927.47% upside based on an average one-year price target of $28.05/share from its current price of $2.73/share.

Fund Sentiment and Ownership: There has been a significant increase in institutional ownership of Zapp Electric Vehicles Group, with five funds reporting positions, including Barclays and UBS Group, indicating growing interest in the company.

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Zapp EV's Expansion: Zapp Electric Vehicles Group Limited has received homologation in Thailand for its i300 electric motorcycle, marking its entry into the Southeast Asian market with expected customer deliveries soon.

Market Potential: The CEO highlighted Thailand's significant two-wheeler market, where 87% of households own at least one, and expressed optimism about expanding to other countries in the region due to high demand for electric vehicles.

Most Searched Stocks: In August 2024, NVIDIA Corporation topped the most-searched stocks on Benzinga Pro, followed by SPDR S&P 500 ETF Trust and Tesla Inc, with significant year-to-date returns for NVIDIA (+147.8%) and SPY (+19.3%), while Tesla saw a decline (-13.8%).

Market Trends: Lumen Technologies and GeoVax Labs entered the top 10 most-searched tickers due to quarterly results and health-related news, respectively, while Super Micro Computer regained interest after a short report, indicating fluctuating investor focus amid market developments.

New to The Street Episode Highlights: The 590th episode of "New to The Street" features interviews with executives from Zapp Electric Vehicles, Acurx Pharmaceuticals, La Rosa Holdings Corp., and Sustainable Green Team, discussing innovations in electric vehicles, biopharmaceuticals, real estate, and sustainable products.

Cybersecurity Segment: The show includes a segment on internet privacy by Alain Ghiai, addressing recent hacks affecting major companies like AT&T and highlighting Sekur's secure communication solutions that protect user data through military-grade encryption.

Most Searched Stocks: Tesla regained its position as the most searched stock on Benzinga Pro for July 2024, while NVIDIA and SPDR S&P 500 ETF Trust followed closely behind. Newcomers to the top 10 include Serve Robotics and Zapp Electric Vehicles.

Market Trends: CrowdStrike faced negative attention due to a significant update affecting Windows products, while GameStop fell out of the top 20 after previously ranking higher. The iShares Russell 2000 ETF is gaining interest as investors consider small-cap stocks amidst potential market shifts.

Appointment of COO: Zapp Electric Vehicles Group has appointed David McIntyre as Chief Operating Officer to oversee operations and expand the company's presence in Europe and Asia, leveraging his extensive experience in luxury automotive brands.

Product Launch and Strategy: Zapp EV is set to launch its high-performance electric two-wheeler, the i300, aiming to redefine urban mobility with a direct-to-customer delivery model that includes at-home service and support.

Broadcast Announcement: FMW Media's "New to The Street" TV will air episode 582 on Bloomberg TV featuring interviews with executives from Kiton, Zapp Electric Vehicles, OriginClear, Sustainable Green Team, and Sekur Private Data, discussing their innovative products and services.

Key Highlights: The episode includes insights into Kiton's commitment to quality fashion, Zapp's electric two-wheeler solutions, OriginClear's water treatment innovations, Sustainable Green Team's eco-friendly initiatives, and Sekur's cybersecurity measures in response to recent data breaches.

Prospectus Filing: Zapp Electric Vehicles Group has filed a prospectus for the offer and sale of 10 million ordinary shares, which is not an offer to sell.

Recent Developments: The company has received approval for its city motorbikes to operate on UK roads and has seen a significant increase in share value following a $50 million financing deal.

Stock Market Performance:

• U.S. stocks traded higher, with the Dow Jones surpassing 40,000, and various indices like NASDAQ and S&P 500 also rising.

Company News and Equities Trading:

• Citigroup reported better-than-expected results for Q2, while various companies like Vicinity Motor Corp. and Nisun International saw significant stock price movements.

U.S. Stock Market:

• The U.S. stock market saw gains with the Nasdaq Composite rising by around 1% on Friday, along with positive movements in the Dow and S&P 500 indices.

Equities Trading Highlights:

• Vicinity Motor Corp., Nisun International Enterprise Development Group Co., Ltd, and Zapp Electric Vehicles Group Limited experienced significant share price increases, while Shineco, Inc., Kazia Therapeutics Limited, and ASP Isotopes Inc. faced declines.