Shepherdsville, KY (January 8, 2009) -- Integrity Automotive, LLC along with electric vehicle partner ZAP (OTCBB: ZAAP) announced today important progress in the Kentucky company's plan to manufacture all-electric vehicles. Integrity has completed its application for a $200 million loan from the U.S. Department of Energy's (DOE) Advanced Technology Vehicles Manufacturing Loan Program.
MONTEVIDEO, URUGUAY -- Nov 11, 2008 -- The Mayor of Montevideo approved incentives for electric car ownership and use in Uruguay, according to industry pioneer ZAP (OTC BB:ZAAP.OB - News).
"The incentives range from free parking for electric cars within Montevideo, the capital of Uruguay, to no tolls on roads or bridges and no registration for three years," said Fernando Cancela of ZAP Latin America.
SANTA ROSA, Calif., Sept. 18, 2008 -- Electric transportation pioneer ZAP (OTC Bulletin Board: ZAAP) announced that increasing demand has resulted in record August 2008 sales (unaudited) for its Advanced Technology Vehicle division, the most since ZAP's Xebra sedan and truck were launched in 2006.
Unaudited sales for ZAP electric vehicles surged to $737,000 in August, versus $392,000 a year ago, an increase of $345,000 or 88 percent. ZAP CEO Steve Schneider said the reason for the increase was a combination of high gas prices and the fact that ZAP has one of the few affordable, street-legal, city-speed electric vehicles in production line assembly today.
Submitted by Anonymous on Wed, 09/03/2008 - 10:44
HONG KONG (Aug. 30, 2008) -- Historic electric car brand Detroit Electric last June reached an understanding to move forward in the development of a line of full-performance pure electric passenger vehicles. CEO Albert Lam said a vehicle distributor and additional technology partners in Europe intend to provide capital financing and electric drive system technology for the venture. He expects further details to be announced.
Submitted by Anonymous on Mon, 08/18/2008 - 21:18
Monday August 18, 7:00 am ET
SANTA ROSA, CA--(MARKET WIRE)--Aug 18, 2008 -- Randall S. Waldman and Larry Cottingham of Integrity Manufacturing LLC are in Santa Rosa, California today for meetings with the management of electric vehicle pioneer ZAP (OTC BB:ZAAP.OB - News).
Integrity Manufacturing has been working with the State of Kentucky to help provide incentives to attract more manufacturing and assembly to the state. On Friday The Kentucky Economic Development Finance Authority gave preliminary approval for $68 million in state incentives for a large-scale manufacturing initiative with Integrity. The project is expected to bring economic development, new factory production and up to 2,500 jobs to Kentucky.
Submitted by Anonymous on Fri, 08/15/2008 - 16:33
When Beijing won the privilege of hosting the 2008 Olympic Games, seven years ago, the Chinese capital promised to improve its air quality, but as the Olympics now are in full swing and air quality has been a visibly controversial issue, ZAP asks if anyone realizes there is an electric car factory just outside of Beijing building hundreds of zero-emission electric vehicles for export by ZAP to the United States?
1. Zero Air Pollution
ZAP stands for Zero Air Pollution. We believe electricity is the fuel of the future. With electricity to power our transportation, our world can tap into renewable resources like hydroelectric, solar, wind, or geothermal power; resources that lessen our environmental footprint. Furthermore, studies show that millions of electric vehicles can recharge at night using existing surplus electrical generation; a vast, virtually untapped resource.
Submitted by Anonymous on Thu, 08/07/2008 - 16:50
FRANKFORT, KY -- Aug 6, 2008 -- Steve Schneider, CEO for ZAP (OTC BB:ZAAP.OB) and Ashraf Saeed, COO of the Al Yousuf Group, stood by while Governor Steve Beshear yesterday signed an Executive Order directing the Transportation Cabinet to immediately develop and implement an emergency regulation authorizing the use of low-speed electric vehicles on Kentucky's roadways, including the Xebra, a 40 MPH electric car and truck.
ZAP CEO Steve Schneider and Al Yousuf COO Ashraf Saeed (2nd and 3rd from right) witnessed Governor Steve Beshear signing an Executive Order allowing the 40 MPH Xebra electric car and truck on Kentucky roads.
Submitted by Anonymous on Tue, 08/05/2008 - 06:33
UPDATED: 8-5-2008 06:31 PDT
SANTA ROSA, California, USA and DUBAI, UAE (August 5, 2008) – Electric vehicle manufacturer ZAP (OTC BB: ZAAP) announced today that the Al Yousuf Group, a Dubai-based conglomerate and investor, is providing a $10 million financing arrangement for future working capital enabling ZAP to meet growing demand for its electric vehicles. The financing arrangement allows for advances by ZAP over the next few years.
Submitted by Anonymous on Mon, 08/04/2008 - 09:01
Out of all things to which electric cars aspire – fighting record oil prices, combating global warming, reducing dependency on imported oil – getting a date was a surprising reason uncovered by The Wall Street Journal.
Have electric cars finally become cool? For nearly 100 years electric cars have been derided from the internal combustion automotive circles because they could not match the performance of gas-powered cars. Though history has shown little concern over environmental performance, it seems that high gas prices are finally tipping the scales towards the electric car.