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California automotive pioneer ZAP is the co-developer and distributor for the new $10,000 XEBRA sedan and pickup, which go on sale in Los Angeles. In 2008 ZAP will sell a new car which can accelerat 0 to 60 < 4.5 secs with 200HP's and CVT transmission system, Vmax 120 mph..

littleradioev.com
autochiny.pl
 

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About ZAP:
ZAP stands for Zero Air Pollution®.
With its new product offerings, the Company is positioned to become a leading brand and distribution portal of advanced technology vehicles. ZAP is committed to running its business based on a strong philosophical foundation that supports the environment, social responsibility and profitability.

Zap Corporate Team PhotoZAP's Strategy
ZAP's strategy is to serve the growing and underrepresented consumer that seeks fuel efficient vehicles. With the recent increases in the cost of oil and increasing concern about the environment and the effects of global warming, we believe there is a large and untapped demand in the areas of transportation and consumer products. ZAP believes a similar opportunity is present today, enhanced by heightened environmental awareness, climate changes and economic pressures. ZAP has assembled a complete line of products to meet the growing demands of the environmentally conscious consumer focused on two primary businesses: ZAP Electric Vehicles and ZAP Recharge-It-All. We also conduct certain portions of our business through the following wholly-owned subsidiaries: Voltage Vehicles, ZAPWorld Stores, Inc., ZAP Manufacturing, Inc. and ZAP Rental Outlet.
Internet site:
http://www.zapworld.com/


Xebra Electric Sedan.

# Speed: Up to 40 mph (65 kmph)
# Range: Up to 25 miles per charge (40km) *Up to 40 miles per day with opportunity charging; Energy to charge 4.75 kwh
# Charger: Onboard 110 Volt AC
# Motor: DC
# Seating: Up to 4 (303 lbs.)
# Battery: Lead Acid
# Classification: 3 wheel motorcycle (Zero Emission Vehicle)
# Dimensions: 10 Length (290 cm) x 4.66 Width (142 cm) x 5.05 Height (154 cm)
# Weight: approx. 1,441 lbs
# Gross Vehicle Weight: approx. 2,805 lbs
# Options: Upgraded Radio/CD, Color, Leather Seats, Car Cover, Upgraded Batteries
# Colors: Ocean Blue, Zebra Flash, Kiwi Green, and Lipstick Red
# * Patent Pending
MSRP:$11,200

Xebra Electric Truck

# Speed: Up to 40 mph (65 kmph)
# Range: Up to 25 miles per charge (40km) *Up to 40 miles per day with opportunity charging; Energy to charge 4.75 kwh
# Charger: Onboard 110 Volt AC
# Motor: DC
# Seating: Up to 2 (303 lbs.)
# Battery: Lead Acid
# Classification: 3 wheel motorcycle (Zero Emission Vehicle)
# Dimensions: 11ft 6in Length (290 cm) x 4.66 Width (142 cm) x 5.05 Height (154 cm)
# Weight: approx. 1,418lbs
# Gross Vehicle Weight: approx. 2,845lbs
# Options: Upgraded Radio/CD, Color, Leather Seats, Car Cover, Upgraded Batteries
# Colors: Ocean Blue, Zebra Flash, Kiwi Green, and Lipstick Red
# * Patent Pending
MSRP:$12,500

ZAP Truck XL

# Length: 11’ 8”
# Width: 4’ 7”
# Height: 5’ 9”
# Weight: ~1874 lbs
# Charger: 110v on Board
# Payload: 770 lbs.
# Classification: Zero Emission Vehicle
# Deliveries Expected: Fall 2008
 

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Chicago Rolls Out ZAP Solar Electric Car for Catering on Earth Day.
Chicago's Sopraffina Marketcaffe to Unveil Solar-Electric Catering Vehicle in Chicago

CHICAGO, April 22, 2008 -- Chicago's Sopraffina Marketcaffe today is celebrating Earth Day with the unveiling of a new, first-of-its-kind, 100 percent solar-electric powered catering vehicle. La Grange Park electric car dealer Jessup's Automotive helped bring the vehicle to Chicago as part of a dealer network being formed by ZAP (OTC Bulletin Board: ZAAP).

Chicago Rolls Out ZAP Solar Electric Car for Catering on Earth Day: Chicago's Sopraffina Marketcaffe today is celebrating Earth Day with the unveiling of a new, first-of-its-kind, 100 percent solar-electric powered catering vehicle. La Grange Park electric car dealer Jessup's Automotive helped bring the vehicle to ChicagoChicago Rolls Out ZAP Solar Electric Car for Catering on Earth Day: Chicago's Sopraffina Marketcaffe today is celebrating Earth Day with the unveiling of a new, first-of-its-kind, 100 percent solar-electric powered catering vehicle. La Grange Park electric car dealer Jessup's Automotive helped bring the vehicle to ChicagoThe modified ZAP Xebra truck being unveiled on Earth Day at Sopraffina's 222 West Adams location runs on electric power throughout the day and can be charged by solar panels located on the roof. At night, the vehicle recharges at a standard outlet. Owner Dan Rosenthal had the car modified for catering in downtown Chicago.

"The economic impact on companies is marginal and the environmental impact is huge," said Dan Rosenthal, president of The Rosenthal Group, which owns five Sopraffina Marketcaffes as well as Trattoria #10 and Poag Mahone's. "Electric vans should become the vehicle of choice for city-based deliveries. Every minute our van is on the street it is telling our potential clients that we are making a serious effort to help the environment. We're delighted to be the first in Chicago to have this type of vehicle."

The delivery vehicle is part of several initiatives The Rosenthal Group is taking to make Sopraffina one of the greenest restaurants in the city: Sopraffina Marketcaffe is a founding member organization of the Green Chicago Restaurant Co-op. Started in October 2007, the Co-op has grown to include nearly 100 restaurants.

The Xebra truck hits a top speed of 40 MPH and is virtually silent during operation. It was modified with special compartments to keep insulated catering containers secure so food remains at the correct temperature during delivery. The vehicle does not require gasoline, diesel fuel, oil or any of the regular maintenance of conventional cars. The vehicle costs about three cents per mile to operate.

"With high gas prices the timing is right for electric cars, but when you are talking about Earth Day I think it all comes down to the doing the right thing," said Mike Jessup. "This truly is a unique vehicle created by Sopraffina and the guys at Fischer Crane. I look forward to working with them in the future to get more of these out on the road."
Article about ZAP in Kicking Tires:
http://blogs.cars.com/kickingtires/2008/04/chicago-restaur.html

Everyone’s going green, or trying to, and with gas prices soaring, consumer awareness of environmentally friendly vehicles has never been higher. It’s not just the Regular Joe car buyer that needs to cut down on gas purchases. Shipping and catering businesses can increase their profit margins if they can harness fuel-efficient technology as well.

We should probably applaud Sopraffina Café in Chicago for being the first business that we know of to do so. Today, on Earth Day, the restaurant and electric car company Zap are launching a 100 percent solar-electric catering truck, the first of its kind — according to the two — designed to make deliveries in the downtown Chicago area where traffic congestion and tight roads make the notion of a tiny electric truck — it looks like some sort of abandoned futuristic rickshaw, or a mini-pizza delivery truck — viable. Unfortunately for Sopraffina, we too live in Chicago, and we’ll be the first to remind them that our winter — of the dreary, grey, overcast kind — lasts, oh, seven months. How that little truck will handle such little sunlight and the effects of bitterly cold weather could be fun to watch.
 

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2009 ZAP Xebra:
http://www.eetimes.com/showArticle....TNFOMYQSNDLRSKHSCJUNN2JVN?articleID=212300183

The often-maligned three-wheeled Zap Xebra is getting some upgrades, after shipping a record number of vehicles last quarter, that could make it a much better vehicle overall. We don't think that anything has been changed that would potentially give the Xebra more range or more power, but an all-steel body definitely is an improvement over the old model's fiberglass unit. Another big change is the addition of a hatchback at the rear of the vehicle, which will make loading objects into the vehicle quite a bit easier. To go along with the hatch, the rear set of seats now folds flat so bigger items can be loaded inside. The interior also sees a bit of freshening and now includes power door locks and reclining seats.Also new is the Zapino electric scooter, boasting a top speed of 30 miles per hour and a range of 30 miles.


 

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ZAP to Introduce Electric Van and Truck.

To help automotive fleets reduce emissions and operating expenses, electric car pioneer ZAP will debut a five-passenger, 4-wheel, 100 percent, plug-in electric van.

ZAP's new Shuttle was designed for passenger transport or cargo. The seats are removable so it can convert into a cargo vehicle with 108 cubic feet and a 900 lb. total carrying capacity. Large slider doors on both sides and a rear lift hatch provide convenient access to the rear compartment, which is weatherproof and secure. At 138 inches, its length is just shy of most mini-vans and at 6 ft 2 inches it has plenty of headroom. The ZAP Shuttle was designed for transportation around large campuses, to and from parking lots, and, because it produces zero emissions, through factories, warehouses and other indoor uses. Air conditioning, solar panels and a rapid charger are available options. MSRP: $14,700. ZAP's new XL Truck was designed with a roomy cab for two and a sturdy bed platform capable of transporting 800 lbs. for on-road use and up to 1,600 lbs. capacity for private roads and facilities. This 100 percent electric workhorse has convertible, drop- side bed construction to convert to a flatbed. ZAP's XL Truck can be ordered with options like air conditioning, enclosed weatherproof cargo box, solar charger, above-bed utility rack and rapid charging system. MSRP is $14,500. Governments are starting to use purchase more electric vehicles. For example, the US Army recently committed to purchasing 10,000 electric vehicles for fleet use. ZAP's new Shuttle and XL Truck offer fleets more flexibility and utility with their electric vehicles. For on-road use, the Shuttle and XL Trucks conform to US regulations for Low Speed Vehicles with a top speed of 25 MPH limited to streets with a posted speed limit of 35 MPH.

As part of ZAP's global distribution strategy, the ZAP's new van and truck are designed to meet or exceed government certifications for most of the world. Both can drive up to thirty miles on a charge and recharge at a standard 110 volt outlet in about six hours and an 80 percent charge in just four hours. ZAP offers optional upgrades to 220 volt charging for faster charging, or upgraded batteries for longer distances. Electric transportation has been winning fans. Electric vehicles are less expensive to fuel and maintain, costing about three cents per mile for its fleet vehicles and about half the cost to maintain due to less moving parts. Electrics are also less polluting. Even counting the emissions from electric power plants, studies electric vehicles can reduce automotive emissions by 90 percent compared to gasoline. Electric vehicles are fun to drive, with quiet, smooth acceleration, no vibration, no shifting and almost no noise.




http://www.autobloggreen.com/photos/zap-shuttle-nev/
 

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That huge battery pack slung so low, looks very vulnerable to road hazards. But the low center of gravity must make for very stable cornering.
We know the three wheeler is made by Jindalu, but who makes this van for Zap?
And what ever happened to the joint venture plans between Zap and Jinhua Youngman? Nothing seems to be going forward there.
 

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I'm guessing a person would need to be extra careful when scraping the snow and ice off of the Zap Shuttle's solar roof panel.
To me Martin, it looks a lot more rugged than the Chang'an minivan. And I don't recognize those low-positioned sliding door tracks.
 

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Zap kills Xebra.

Did you think Zap would issue a press release announcing the death of the Xebra? Those are strictly reserved to keep their perpetual motion machine of stock hyping going. No worries; despite perpetual losses ($132 million to date), their executive self-enrichment machine continues. Sales in the dumps? Still no worry; there’s always a new investor around the corner to buy their “today, ZAP is continuing its focus as one of the pioneers of advanced transportation technologies and leveraging its place in the market as a magnet for new technologies” line. As a consequence of our mucking around in their mandatory 10-Q report, we can tell you that the flagship of their EV fleet, the miserable golf-cart technology three-wheeled Xebra, is no more. Is the long-anticipated and endlessly delayed Alias next? And even the whole company?

My review of the Xebra, the only ever undertaken by a major automotive site, was somewhat worse than scathing. And before the counter broke, it was vying with Lieberman’s RS4 review for the highest number of views of any TTAC review. Explain that, if you can. If Jonny’s review helped make a career, perhaps mine helped put the Xebra out of our collective misery. I’m less popular with ex-Xebra dealers than another (inevitable) burnt out battery pack. Or perhaps Wired magazine, because of their highly unflattering corporate expose.

Enough schadenfreude and on to the salient facts: buried in Zap’s latest 10-Q filing is this tidbit: “The decrease of $1.5 million (in revenue) is primarily due to the phase out of our three wheeled Xebra vehicle with reduced selling prices.” But that’s not all:

Research and development expenses decreased by $57,000 from $138,000 in 2008 to $81,000 for the third quarter ended September 30, 2009. The decrease was due to less work on the development of the Alias prototype vehicle

Press releases on the Alias, which looks remarkably similar to the Arcimoto Pulse have been conspicuously absent of late. But the Zap printing presses in their now-empty warehouse keeps spinning off new stock certificates at a heady clip, despite the fact that the stock (ZAAP.OB) is currently trading around nineteen cents. Quite the comedown since its crowning stock-spiking announcement of 2004 of Zap-electrified Smart cars sent the price to over $4.00. But executives need to be paid! Just spin the presses faster. Despite losses in the quarter ending September 30, 2009 of $2.8 million (on sales of $1.2 million), and a worsening trend line, Zap fesses up:

Under the provisions of SFAS 123R, we recorded $ 963,000 of stock compensation, net of estimated forfeitures, in general and administrative expenses

Of course, the 10-Q offers up some required disclaimers;

We incurred net losses of $7.5 million, $9.8 million, $28 million, for the nine months ended September 30, 2009 and the years ended December 31, 2008, 2007 respectively. We can give no assurance that we will be able to operate profitably in the future.

And this:

Our current products are designed for use with, and are dependent upon, existing electric vehicle technology. As technologies change, we plan to upgrade or adapt our products in order to continue to provide products with the latest technology. However, our products may become obsolete or our research and development efforts may not be sufficient to adapt to changes in or create necessary technology. As a result, our potential inability to adapt and develop the necessary technology may harm our competitive position.

We may be unable to keep up with changes in electric vehicle technology and, as a result, may suffer a decline in our competitive position.

How true and delicately understated. For all the gory details, see Zap’s latest 10-Q filing, including the lawsuit between Zap’s recent investor, who is the Chairman, and the company, over unpaid debts he made to Zap. Messy stuff.
http://www.thetruthaboutcars.com/za...-ev-but-not-on-stock-shenanigans/#more-337199


Review of Xebra:
http://www.thetruthaboutcars.com/2008-zap-xebra-review/

According to GM Car Czar Bob Lutz, “The electrification of the automobile is inevitable.” Inevitability also applies to the sun going cold. But with rising gas prices, some of us old timers are getting impatient (having had our youthful appetite whetted by GM’s Electrovair way back in 1966). The Li-ion-powered Tesla Roadster is simultaneously sold out and yet not in production. Dozens of other miraculous EV’s are just a $5k deposit and an infinitely adjustable (and not so inevitable) delivery date away. Meanwhile, down at your local Zap dealer, the banner proclaims: “saving the planet, one vehicle at a time.” Their Xebra is all charged-up and ready to roll.

The idea of the Xebra has certain compelling aspects. A “fill-up” cost as little as thirty-five cents. Its advertised top speed is 40mph. The 30-mile range would do the job for a round-the-town errand mobile. And $11,200 buys approving looks from PC neighbors for reducing your carbon footprint; that’s about a-tenth of the costs of a Tesla.

Anyway, I’m thinking Tesla’s got it all backwards. Why spend $125k for a Roadster AND a conventional car (a necessity for longer trips, going shopping, or picking up the folks at the airport)? Half that amount will put a Xebra on display in the driveway with enough left over to stash a Lotus, Boxster or ‘Vette in the garage. Run your errands all week for a penny per mile, and head for the hills on the weekend.

Unfortunately, Zap spends more time and energy on hyping vaporware (and its stock) than actually building functional vehicles, as documented in this scathing expose. Their web site entices eco-warriors with a cornucopia of EV’s offering blazing acceleration (0 -60 in 4.5 seconds) and miraculous range (240 miles). Delivery: TBD.

Zap’s stock peaked at $4 a share in 2004 with the announcement of its electric-conversion Smart car. After that program short-circuited, its stock began a protracted melt-down (currently $.58). Desperate, Zap turned to China for something tangible to sell. Small electric three-wheelers are common and cheap there (about $3k), built in small factories that are anything but environmentally responsible. ZAP imports them with a hefty markup.

img_7323-md.jpgThe Xebra’s questionable provenance is painfully evident. Its crudely finished fiberglass body is a rolling wart of huge panel gaps, wavy surfaces and rough edges. The tiny car’s interior unleashed a flood of childhood memories of being squeezed into an original Fiat 500, without the playful use of design and materials. The Xebra screams “kit car,” especially when checking out its primitive golf-cart mechanicals. Six conventional twelve-volt lead-acid batteries provide 72 volts to the 6.7hp (not a typo) coffee-can motor.

I arrived an hour too late to drive the one sedan at the dealer. The buyers were busy signing papers for the $16k heavily-optioned metallic-green apple of their eye. What did the extra $5k buy them? Air conditioning? Power windows? More power? Not available at any price. We’re talking “custom wiring,” an upgraded controller, LED lights, alloys and a custom paint-job that would make Earl Scheib proud.

Once I squeezed myself into the Xebra pick-up, I had to contort my legs to operate the two pedals located on the left side of the steering column. As I turned into traffic, I was overwhelmed by the sensation that I’ve just committed a youthful prank– stealing one of those electric garbage-can haulers from a convention center. And I’m having doubts whether I’m going to be able to outrun the security guard running after me.

Flat-out and level, the speedometer eventually finds an unsteady waver between thirty-two and thirty-four. A moderate hill quickly drops “speed” into the teens. Every bump, crack and pothole becomes an obstacle to avoid or regret. The motor whines like a hairdryer about to expire (the salesman admits the sedan is even noisier). I have no desire to check the actual range of this motorized wheelbarrow/hair-shirt. Which way is back to the convention center? Why does my xB suddenly feel like a Bentley?

1996985103_09856e29ec.jpgA Xebra owners’ on-line forum reveals a consensus on range: 15 to 17 miles. And there are tales of endless woes of terrible build quality and material defects. Zap’s six month warranty is a small consolation. Discussions abound on ways to fix and improve the Xebra’s multitude of shortcomings. ZAP dealer Mark Higley bluntly responds to a damsel in distress with a dead Xebra: “I never recommend it as a primary source of transportation”.

The weekend Boxster is going to have to wait until someone builds my formula for a cheap urban electric errand-mobile: convert a $2500 Tata Nano (which looks downright spacious, well finished and safe compared to the Xebra), give it a genuine 30 mile range and a 45mph top speed, and price it at $8k to $10k. That’s so obvious, it should be inevitable.

 

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ZAP sets up JV in China for electric vehicles.

Electric transportation pioneer ZAP and Holley Group, the world's largest volume producer of electric power meters according to the Wenhui-Xinmin United Press Group, have established a joint venture company in China with backing from venture capital firm Better World International to target the electric vehicle market in China.

Named ZAP Hangzhou, the new company plans to design and manufacture electric vehicles and develop infrastructure technology for the Chinese market. ZAP, Holley Group and Better World have entered a joint venture agreement, and officials state that ZAP has funded its initial capital requirements under the agreement.

Holley Group is an established enterprise in China and is the parent of Holley Metering Limited. Over the past 30 years Holley Metering helped pioneer electric power meters in China. Last year, Holley Metering sold over 10 million units worldwide.

ZAP Hangzhou will combine ZAP's intellectual property, electric vehicle technology and know-how with Holley's experience in electric metering to develop electric vehicles and related technologies targeting the Chinese market. The companies plan to use their knowledge of the local Chinese market to target opportunities for electric vehicle growth within China's vehicle fleets. As part of this relationship, ZAP Hangzhou plans to begin the installation of manufacturing operations at Holley's Hangzhou facilities in the near future.

The relationship with Holley is the next step in ZAP's plan to deliver quality, cost effective electric vehicles to the fleet vehicle market, plans which began earlier this year with the investment by Cathaya Funds through its Better World affiliate. Priscilla M. Lu, Ph.D., Founder and General Partner of Cathaya Funds and a veteran technology executive with extensive international experience, agreed to join ZAP's Board of Directors as Chairman in connection with the investment. Dr. Lu led this China initiative and helped ZAP execute on its international strategy, in particular its relationship with Holley and its market strategy for China.

"It is important to note that the purpose for my investment in ZAP earlier this year was to bring these companies together for the electric vehicle market opportunity in China," said Dr. Lu.

"We have had a long standing working relationship with Dr. Lu and have confidence that under her leadership and experience in the Chinese market, ZAP will be able to approach this market effectively and competitively with innovative EV product solutions," said Holley Chairman and CEO Richard Wong.


About Holley Group

Holley Group is the parent of Holley Metering Limited, a global leader in electric metering with diversified businesses spanning pharmaceuticals, real estate, telecommunications and IT. Holley employs more than 12,000 people and over 800 R&D personnel worldwide. Headquartered in Hangzhou, Holley operates manufacturing in China, Thailand, Argentina and Uzbekistan.
Holley products are sold through offices in major cities throughout China, India as well as South East Asia, and the European markets.


About ZAP

ZAP is one of the world's oldest consumer electric vehicle providers, having delivered over 117,000 of a broad range of electric vehicles to more than 75 countries since 1994. ZAP supplies electric trucks and vans to military and government fleets and is an innovator of electric motorcycles, scooters and ATVs. ZAP supplies some of the only electric city-speed cars and trucks in production today and is leveraging its accrued technology know-how in developing a cost effective high-speed electric car called the ZAP Alias.

http://www.pr-inside.com/zap-enters-china-electric-vehicle-market-r1635493.htm
http://cleantech.com/news/5431/zap-holley-chinese-partner-electric
 

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ZAP Electric Taxi

At the Beijing Auto show ZAP will present newest vehicle based on UFO:
http://es.autoblog.com/2010/04/21/pre-salon-de-pekin-zap-taxi-ev/

Usually, taxis are based either on sedans or MPV's, but this is not the case with the ZAP Electric Taxi which is based on an SUV. The ZAP Electric Taxi has been unveiled in China, at the Beijing Motor Show, and the carmaker says it's already in production at ZAP Hangzhou. The ZAP Electric Taxi will be sold on the Asian market as part of taxi fleets and intra-campus transportation for large corporate, government, military and university campuses.

The ZAP Electric Taxi is based on the Jonway's A-380 5-door SUV and the company says it has a top speed of 70 mph and a range of up to 300 km per charge. The carmaker says the ZAP Electric Taxi can be operated with as little as .12 RMB per kilometer ($0.03 cents per mile).
 

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Jonway’s electric UFO becomes official car at America’s Expo Pavillion

Several months ago, American electric car producer ZAP signed up with China’s Jonway UFO SUV maker to produce electric cars for the Chinese and overseas market. In an unusual turn of events, it appears that ZAP have managed to pull some serious strings and have been able to get the Jonway Electric SUV designated as an official car of the American pavilion at the Shanghai Expo.

The SUV will be used by the American pavilion for bringing guests to the pavilion and also ferrying around supplies and materials.
ZAP Acquires Majority Stake in China’s Jonway Auto

New Company Combines EV Expertise with Mass Auto Manufacturing in China

ZAP and Jonway Group today announced they have signed definitive agreements according to which ZAP will acquire 51 percent of Zhejiang Jonway Automobile Co. Ltd. as part of a strategy to capitalize on the growing automotive and electric vehicle (EV) market in China. ZAP is a 15-year-old California EV company and Jonway Auto is a wholly owned subsidiary of Jonway Group, a 20-year-old Chinese vehicle manufacturer. According to the terms of the definitive agreements, ZAP will acquire 51% of Jonway Auto for US$29.03 million in cash. The boards of directors for ZAP and Jonway Auto approved and signed the merger agreement on July 2, 2010.

Jonway Auto reported annual revenues of approximately US$40 million in 2009 and approximately US$20 million for the first quarter of 2010. According to the terms of the transaction, Jonway Auto will be debt-free upon the closing of the transaction.

According to the terms of the definitive agreements, ZAP has the right to acquire the remaining 49% of Jonway Auto at the same valuation by March 30, 2011 or at a then current valuation after that date. ZAP and Jonway intend this transaction to be phase one of a two-phase acquisition, whereby the two companies will combine their complementary expertise, leveraging ZAP’s EV technology and Jonway Auto’s quality ISO 9000 certified mass production capabilities to address the new alternative energy vehicle market. ZAP intends to acquire the remaining 49 percent of Jonway Automobile following completion of the first phase and following final regulatory approval.

The ZAP Jonway merger accelerates cost-effective manufacturing of ZAP’s electric vehicles and gives ZAP access to the Chinese market through Jonway’s distribution channels of more than 80 factory direct dealerships that feed into hundreds of factory authorized dealers. Jonway’s volume manufacturing capacity gives ZAP a strong manufacturing base with the means of commercializing its innovative EV technologies.

“By combining ZAP’s experienced team of EV engineers with Jonway’s manufacturing capabilities, the combined ZAP Jonway will be able to scale up with the fast-growing worldwide market for affordable electric and fuel-efficient vehicles,” said Steve Schneider, CEO of ZAP Jonway. “The new entity will leverage ZAP’s extensive intellectual property and international market access with Jonway’s current China distribution channels and revenue base, for enhanced shareholder value. The new company creates an integrated worldwide sales and manufacturing operation.”

According to Dr. Priscilla Lu, ZAP Board Chair: “As originally planned when I joined ZAP in connection with the Cathaya Funds’ investment in the company, the Jonway transaction was formulated to give ZAP the complementary facilities and automotive manufacturing expertise to position itself as a worldwide EV and automobile manufacturer. Jonway’s management continues to lead and expand its product line of traditional vehicles and will begin to build the production line for ZAP’s EVs in the coming quarters. ZAP will enhance its operations management team to focus on delivering the opportunities at hand.”

Jonway Automobile, with approximately 800 employees, is currently manufacturing approximately 1,000 vehicles per month and has a capacity to produce up to 30,000 vehicles per year at its modern, 3.6 million square foot plant in Sanmen on approximately 141 acres of land. Focused on quality, Jonway is ISO 9000 and China Compulsory Certification (CCC) certified. Jonway distributes through a nationwide network of auto dealerships in China and distribution partners in Europe and Egypt. Jonway’s 3-door SUV has been CE approved in Italy by its European partner for the European market.

"ZAP’s engineering enables us to expand into the EV market and position our company to be one of the leaders in China’s EV market,” said Alex Wang, CEO of Jonway Automobile. “The ZAP team also brings us international market access and automotive distribution channels for the new models that we are designing, and ZAP will help us meet the required international standards for these new markets."

Earlier this year, ZAP integrated electric drive systems into several Jonway vehicles through its joint venture ZAP Hangzhou. These vehicles are now being showcased and used as electric taxis at the Shanghai Expo. Jonway has also agreed to produce the ZAP Alias electric car, which is now one of the remaining 15 finalists in the Progressive Insurance Automotive X PRIZE competition. ZAP is also one of the five companies selected by the United States Postal Service to engineer and retrofit a gas powered delivery van with a 100 percent electric power train.

Dr Priscilla Lu added, “The new ZAP Jonway combined company enhances the complementary strengths of each, and uniquely positions the company in the EV market. Jonway Automobile has quality mass production manufacturing as well as access to the Chinese automobile market. ZAP can now apply its in-depth experience in EV technologies and engineering integration know-how to produce a new line of EV models for Jonway Automobile and provide access to worldwide international distribution channels. Jonway, with physical asset value assessed at around US$60 million in land, buildings and modern manufacturing facilities, is cash flow positive, debt-free, has growing revenues, and offers shareholder value for ZAP. ZAP Jonway has now become a significant automotive manufacturer/distributor worldwide”.
source: zapworld.com





 

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You have to be very cautious with Zap announcements. They've been saying that they will launch several new exciting electric models for years, but I'm still waiting for the first to be delivered to a customer.
 
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