Archive - Dec 2009
ZAP Enters China Electric Vehicle Market with Holley Group, the Global Leader in Electric Power Meters
Phase II of ZAP’s Strategy to Reposition for Global Market
SANTA ROSA, California and HANGZHOU, China (December 16, 2009) -- Electric transportation pioneer ZAP (OTC BB: ZAAP) 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.
UPS Leases Fleet of ZAP Electric Trucks for Third Consecutive Year, Totaling 92 Vehicles since 2007
SANTA ROSA, California (December 9, 2009) – For the third year in a row, UPS has leased a fleet of electric trucks from ZAP (OTC BB: ZAAP) to help with deliveries to urban and residential communities in the Bay Area.
The 25 ZAP electric trucks are enabling UPS drivers to more easily schedule delivery routes in neighborhoods and dense urban areas where congestion and parking restrictions present potential problems for larger UPS vans. UPS has leased 92 electric vehicles from ZAP since 2007 to assist with increased delivery needs during November and December.