What are recent announcements that could influence ZAPP price

There have been several recent announcements that could influence Zapp Electric Vehicles Group Limited's (ZAPP) stock price:

1. Financial Results and Business Outlook: On June 20, 2024, Zapp reported financial results for the first half of fiscal year 2024, which included a net loss of $5 million, a significant improvement from the $8.6 million loss in the same period of the previous year. The company also raised its business outlook, expecting its first i300 customer deliveries in the fourth quarter of 2024 and planning to sell more than 5,000 units in fiscal 2025, with an aim to achieve annual deliveries of 25,000 units starting in fiscal 2026. This positive update could have a positive impact on the stock price.
2. Contract Manufacturing Partner for India: Zapp signed a memorandum of understanding to appoint Bounce Electric as a contract manufacturing partner for the sales of its i300 electric urban motorcycle in India. This partnership is expected to accelerate the homologation and commercial rollout of the i300 in one of the largest markets for two-wheelers. This development could be seen as a strategic move to expand the company's reach and could potentially boost investor confidence and the stock price.
3. Trading Volume and Price Movement: On the day of the financial results announcement, Zapp Electric Vehicles stock experienced heavy trading volume with more than 70 million shares traded, which is significantly higher than the daily average trading volume of about 1.2 million shares. This high trading volume and the 141.6% increase in stock price could be indicative of market interest and positive sentiment.

In conclusion, the recent announcements of improved financial results, the signing of a contract manufacturing partner for India, and the subsequent business outlook raise optimism about Zapp's growth prospects. These factors, combined with the market's reaction to the news, could influence the stock price positively. However, it's important to consider the overall market conditions and investor sentiment when evaluating the potential impact of these announcements on the stock price.