Zapp EV Opens New Factory Ahead of Schedule
Zapp Electric Vehicles (Nasdaq: ZAPP) has opened its new microfactory reference site in the Bangkok Free Trade Zone, Thailand, ahead of schedule. The ISO 9001:2015 certified facility was completed in less than three months, working with AIH Group. The compact 12,000 square feet space can produce up to 20,000 units annually using Zapp's proprietary assembly process and manufacturing innovations.
The microfactory system supports made-to-order and highly personalisable i300 products while meeting 'gen-2' sustainable assembly objectives. From this location, Zapp can serve both domestic Thai market and export to Southeast Asia and Europe. The company plans to replicate this template in other high-demand regions, including India and South America, with each facility maintaining the same production capacity and setup timeframe.
Zapp Electric Vehicles (Nasdaq: ZAPP) ha aperto il suo nuovo sito di microfabbrica nella Zona di Libero Scambio di Bangkok, in Thailandia, con un anticipo rispetto ai tempi previsti. La struttura certificata ISO 9001:2015 è stata completata in meno di tre mesi, lavorando con il gruppo AIH. Lo spazio compatto di 12.000 piedi quadrati può produrre fino a 20.000 unità all'anno utilizzando il processo di assemblaggio e le innovazioni produttive proprietarie di Zapp.
Il sistema di microfabbrica supporta prodotti i300 realizzati su ordinazione e altamente personalizzabili, rispettando al contempo gli obiettivi di assemblaggio sostenibile 'gen-2'. Da questa posizione, Zapp può servire sia il mercato domestico tailandese che esportare in Asia sudorientale e in Europa. L'azienda prevede di replicare questo modello in altre regioni ad alta domanda, inclusi India e America del Sud, con ogni struttura che mantiene la stessa capacità produttiva e i tempi di impostazione.
Zapp Electric Vehicles (Nasdaq: ZAPP) ha abierto su nuevo sitio de microfábrica en la Zona de Libre Comercio de Bangkok, Tailandia, antes de lo programado. La instalación, certificada por ISO 9001:2015, se completó en menos de tres meses, trabajando con el grupo AIH. El espacio compacto de 12,000 pies cuadrados puede producir hasta 20,000 unidades anuales utilizando el proceso de ensamblaje y las innovaciones de manufactura propias de Zapp.
El sistema de microfábrica apoya productos i300 hechos a pedido y altamente personalizables, mientras cumple con los objetivos de ensamblaje sostenible 'gen-2'. Desde esta ubicación, Zapp puede atender tanto el mercado tailandés doméstico como exportar a Asia Sudoriental y Europa. La empresa planea replicar este modelo en otras regiones de alta demanda, incluidos India y América del Sur, con cada instalación manteniendo la misma capacidad de producción y plazo de configuración.
자프 전기차 (Nasdaq: ZAPP)는 태국 방콕 자유무역지대에 새로운 마이크로 팩토리 참조 사이트를 예정보다 일찍 열었습니다. ISO 9001:2015 인증 시설은 AIH 그룹과 함께 3개월도 채 안 되는 시간에 완료되었습니다. 12,000 평방피트의 이 소형 공간은 자프의 독점 조립 프로세스와 제조 혁신을 사용하여 연간 최대 20,000 대 생산이 가능합니다.
이 마이크로 팩토리 시스템은 'gen-2' 지속 가능한 조립 목표를 충족하면서 주문 제작 및 높은 개인화가 가능한 i300 제품을 지원합니다. 이 위치에서 자프는 태국 국내 시장뿐만 아니라 동남아시아 및 유럽으로 수출할 수 있습니다. 회사는 이 템플릿을 인도 및 남미를 포함한 다른 수요 높은 지역에서도 복제할 계획이며, 각 시설은 동일한 생산 용량과 설치 시간 프레임을 유지합니다.
Zapp Electric Vehicles (Nasdaq: ZAPP) a ouvert son nouveau site de micro-usine dans la zone de libre-échange de Bangkok, en Thaïlande, avant la date prévue. L'installation certifiée ISO 9001:2015 a été achevée en moins de trois mois, en collaboration avec le groupe AIH. L'espace compact de 12 000 pieds carrés peut produire jusqu'à 20 000 unités par an en utilisant le processus d'assemblage et les innovations de fabrication propriétaires de Zapp.
Le système de micro-usine soutient la production de produits i300 sur commande et hautement personnalisables tout en répondant aux objectifs d'assemblage durable 'gen-2'. De cet emplacement, Zapp peut servir à la fois le marché domestique thaïlandais et exporter vers l'Asie du Sud-Est et l'Europe. L'entreprise prévoit de reproduire ce modèle dans d'autres régions à forte demande, y compris en Inde et en Amérique du Sud, chaque installation maintenant la même capacité de production et le même délai de configuration.
Zapp Electric Vehicles (Nasdaq: ZAPP) hat seinen neuen Mikrofabrik-Referenzstandort in der Bangkok Freihandelszone in Thailand vor dem Zeitplan eröffnet. Die ISO 9001:2015-zertifizierte Anlage wurde in weniger als drei Monaten in Zusammenarbeit mit der AIH-Gruppe fertiggestellt. Der kompakte Raum von 12.000 Quadratfuß kann jährlich bis zu 20.000 Einheiten produzieren, mithilfe des proprietären Montageprozesses und der Fertigungsinnovationen von Zapp.
Das Mikrofabrik-System unterstützt maßgeschneiderte und hochgradig personalisierbare i300-Produkte und erfüllt gleichzeitig die nachhaltigen Montageziele der 'gen-2'. Von diesem Standort aus kann Zapp sowohl den heimischen thailändischen Markt bedienen als auch nach Südostasien und Europa exportieren. Das Unternehmen plant, dieses Modell in anderen nachgefragten Regionen, einschließlich Indien und Südamerika, zu replizieren, wobei jede Einrichtung die gleiche Produktionskapazität und den gleichen Einrichtungszeitrahmen beibehält.
- New microfactory completed ahead of schedule in less than 3 months
- Production capacity of 20,000 units annually in compact 12,000 sq ft space
- ISO 9001:2015 certification obtained
- Strategic location enables exports to Southeast Asia and European markets
- Scalable template for quick replication in other high-demand markets
- None.
Insights
The early completion of Zapp EV's microfactory in Thailand marks a significant operational milestone. The facility's 20,000-unit annual capacity from just 12,000 square feet demonstrates remarkable space efficiency - nearly double the industry standard output per square foot. The ISO 9001:2015 certification adds credibility to their quality management systems.
The three-month setup timeframe is particularly impressive for a manufacturing facility. Traditional automotive plants typically require 12-18 months for setup. This accelerated timeline, combined with the modular, replicable design, could enable rapid market entry in high-demand regions like India and South America.
However, investors should note that while the facility's theoretical capacity is promising, actual production will depend on market demand and supply chain readiness. The Bangkok Free Trade Zone location offers strategic advantages through reduced tariffs and proximity to key Asian markets, but success will ultimately hinge on sales execution and market penetration.
The Bangkok microfactory's strategic positioning in Thailand's Free Trade Zone represents a shrewd supply chain decision. Thailand's established automotive component ecosystem, combined with free trade agreements with ASEAN nations and the EU, provides Zapp with significant cost advantages and market access flexibility.
The made-to-order model, while reducing inventory costs and working capital requirements, will require sophisticated demand forecasting and supplier coordination. The compact facility design suggests a just-in-time inventory system, which could optimize cash flow but also increases supply chain vulnerability.
The ability to replicate this model in other markets could create a distributed manufacturing network, reducing logistics costs and import duties while improving market responsiveness. However, maintaining consistent quality across multiple small facilities will be more challenging than traditional centralized production.
The previously announced new microfactory reference site showcases Zapp’s proprietary, flexible and ‘gen-2’ sustainable production innovations, demonstrating its low-cost installation and setup that can be quickly replicated in additional locations
LONDON, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Zapp Electric Vehicles Group Limited (Nasdaq: ZAPP) (“Zapp EV” or the “Company”), owner of “Zapp”, the British electric vehicle brand on a mission to revolutionise personal urban mobility, today announced it has opened its new microfactory reference site in the Bangkok Free Trade Zone industrial park in Thailand. Working together with AIH Group, a leading automotive industrialisation consultancy, the facility was delivered in less than three months and ahead of schedule.
The ISO 9001:2015 certified microfactory can deliver up to 20,000 units per year from its compact 12,000 square feet space, utilising Zapp’s manufacturing innovations developed in-house. This microfactory system capitalises on the Company’s proprietary assembly process, which together deliver both Zapp’s ‘gen-2’ sustainable assembly objectives and i300’s made-to-order and highly personalisable product.
Completing the reference site ahead of schedule confirms Zapp’s design and ability to quickly scale production to satisfy demand around the world. From the Bangkok Free Trade Zone, Zapp can fulfil domestic orders in Thailand as well as export internationally into key markets in Southeast Asia and Europe. Further, this microfactory system can be set up in other regions with high demand for electric two-wheelers, including the India subcontinent and South America. Each microfactory would have a capacity of 20,000 units per year from the same footprint and be opened within a similar timeframe.
Swin Chatsuwan, Founder and Chief Executive Officer of Zapp EV, said: “We are delighted to open our new reference microfactory ahead of schedule and within such a short period of time. The creation of this facility as a template for more locations enables us to scale production quickly to meet demand. Our team has accomplished a great deal with the added expertise of AIH Group. The intellectual property created and confirmed by this installation will be invaluable to promoting ‘gen-2’ sustainability in the electric two-wheeler industry, as well as powering the growth of our business.”
Corrie Kotze, Chief Executive Officer of AIH Group, added: “Zapp and others in the sector have rightly identified Bangkok as a strategic production hub for both the region and the world. We were pleased to support the Zapp team in this endeavor and we successfully achieved our goal of accelerating the timeline to open this new state-of-the-art facility.”
About Zapp EV
Zapp EV (Nasdaq: ZAPP) and its operating subsidiaries are run by a team of experts from the mobility industry, on a mission to redefine the electric two-wheeler segment. Zapp's debut product, the i300, is an urban electric high-performance two-wheeler capable of traditional motorcycle levels of performance in a step-through format, combining ease of use with exhilaration and fun. The i300 is the first in a suite of high-performance electric two-wheelers that Zapp plans to bring to market. Zapp will offer a high-quality direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). Customers ordering the i300 online will have their bikes conveniently delivered to their home by authorised “Zappers,” who will provide at-home inspection, service and support throughout the vehicle ownership lifecycle. Zapp is a registered trademark of Zapp Electric Vehicles Limited in the United Kingdom and other countries. For more information, visit www.zappev.com.
Zapp Investor Relations Contact:
Mark Kobal
Head of Investor Relations
ir@zappev.com
Zapp Media Relations Contact:
pr@zappev.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (or the “Exchange Act”). These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “budget,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are not historical facts but rather are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events and results to differ materially from those expressed or implied by the forward-looking statements in this document, including but not limited to various general and specific risks and uncertainties associated with the Company's business and finances in general.
Readers should review and carefully consider the risks and uncertainties described in the “Risk Factors” section of Zapp EV's annual report on Form 20-F (File No. 001-41693), which is incorporated herein by reference, and other documents the Company files with or furnishes to the U.S. Securities and Exchange Commission from time to time. These filings identify and address important risks and uncertainties that could cause actual events and results to differ materially from those expressed or implied by the forward-looking statements herein. The forward-looking statements herein represent the Company’s views as of the date of this document. Subsequent events and developments may cause these views to change. Readers are cautioned not to place undue reliance on the forward-looking statements herein, all of which are qualified by the foregoing cautionary statements. Except as required by applicable law, Zapp assumes no obligation and does not intend to update or revise the forward-looking statements herein, whether as a result of new information, future events, or otherwise. Zapp does not give any assurance that it will achieve its expectations. The inclusion of any statement in this document does not constitute an admission by Zapp or any other person that the events or circumstances described in any such statements are material.
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