“During Q3, the uncertainty in the global economy increased as Central Banks’ were fighting high inflation with increased interest rates. This led to a challenging market with a temporary slowdown in EV sales in our core markets. However, despite the market headwind, Zaptec delivered strong revenue growth. We continued to invest significantly in building the organization and preparing for further expansion. We entered a strategic partnership with Switch EV, highlighting Zaptec as AC charging frontrunner to explore the full scope of ISO 15118, unlocking seamless charging and bi-directional charging possibilities. Another highlight was production – both through successful test production at Sanmina’s factory in Germany and a significant ramp-up at Westcontrol. Going forward we remain committed to delivering on our growth ambitions, changing the world with our cutting-edge, safe, high-quality EV charging solutions. “
- Peter Bardenfleth-Hansen, CEO of Zaptec
Find the latest quarterly report on Zaptec’s investor relations page.