Archive - Sep 21, 2007

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ZAP Signs Electric Car Joint Venture with China's Largest Luxury Bus Manufacturer

Submitted by zapworld on Fri, 09/21/2007 - 08:35.

JINHUA CITY, China and SANTA ROSA, Calif. -- In a joint statement released today, USA electric car pioneer ZAP (OTC Bulletin Board: ZAAP - News) and Youngman Automotive Group, China's number one luxury motor coach and high-quality commercial truck manufacturer, have signed a joint venture agreement to manufacture, market and distribute electric and hybrid vehicles for the passenger car, truck and bus markets. The new joint venture company will also focus on the development and manufacturing of electric charging infrastructure.