SEOUL, Korea, SANTA ROSA, California and HANGZHOU, China (February 22, 2010) – Electric vehicle pioneer ZAP (OTC BB: ZAAP) has accepted a purchase order from Samyang Optics Co. Ltd. (KSE: 008080.KS) of Korea for 100 electric SUVs to be built through a partnership with China auto manufacturer Zhejiang Jonway Automobile Co. Ltd.
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.
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.
NEW YORK, NY, October 19, 2009 – ZAP (OTC BB: ZAAP) of Santa Rosa, California, a developer of electric vehicles and electric power systems, is participating in two events this week in New York City to preview the Alias, its new electric sports car. The ZAP Alias is also in competition with other companies’ vehicles for $10 million in prizes as part of the Progressive Insurance Automotive X PRIZE, set up to foster the development of clean, production-capable vehicles that exceed 100 miles per gallon or energy equivalent.
ZAP Answers Federal "Cash for Clunkers" Program with its own Trade-In Program Good on the Xebra 100% Electric Sedan, Total Value up to $4,500 and 90% Fewer Carbon Emissions
SANTA ROSA, California (July 30, 2009) – Electric car pioneer ZAP (OTC BB: ZAAP) is participating in its own "Cash for Clunkers" program with up to $4,500 in sales incentives and tax credits on top of the savings over the lifetime of the vehicle, not to mention 90 percent fewer carbon emissions.
Agreement Boosts Availability of Affordable Lithium Battery Electric Vehicles
NEW YORK and SANTA ROSA, California (July 8, 2009) – Leading lithium battery and vehicle manufacturer Advanced Battery Technologies (NASDAQ: ABAT), through its wholly owned subsidiary Wuxi Zhongqiang Autocycle Co. Ltd, has signed a distribution agreement with electric transportation pioneer ZAP (OTC BB: ZAAP).
ZAP CEO Steve Schneider says, "The agreement will enable ZAP to accelerate production of its electric vehicles offering extended range and more power through the use of ABAT’s advanced, large-format Polymer Lithium-Ion battery technology."