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Zapp Electric Vehicles Group (OTC: ZAPPF) has announced significant management changes and financial results for H1 2025. The company has appointed David McIntyre, a luxury automotive veteran, as its new CEO following the termination of founder Swin Chatsuwan and several other executives. McIntyre brings three decades of experience from prestigious brands like McLaren, Jaguar Land Rover, and Aston Martin.
The company reported an IFRS net loss of $4.3 million, an improvement from $5.0 million in H1 2024, and an operating loss of $2.7 million, down from $3.1 million. While Zapp has completed homologation in the EU and UK, it faces production challenges, needing to either regain access to its Bangkok factory or shift production elsewhere. The company plans to begin UK assembly of its i300 model and has appointed authorized resellers in the UK and Ireland.
