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.
SANTA ROSA, California (August 21, 2009) – The board of directors of electric vehicle pioneer ZAP (OTC BB: ZAAP) unanimously elected Priscilla M. Lu, Ph.D. as Chair of its Board of Directors.
Dr. Lu is a 30-year telecommunications and networking executive and entrepreneur formerly with AT&T Bell Laboratories as well as Founder, Chairman and CEO of interWAVE Communications Ltd., and ViDeOnline Communications Ltd.
SANTA ROSA, California and KULIM, Malaysia (August 19, 2009) – U.S. electric vehicle pioneer ZAP (OTC BB: ZAAP) and Malaysia’s home grown green technology company, ETI Tech Corporation Berhad (listed on ACE Market of Bursa Malaysia: 0118.KL; ETITECH), jointly announced today their intention to form a manufacturing and distribution joint venture.
ZAP and ETI Tech have signed a binding Memorandum of Understanding (MOU) for the supply of ETI Tech batteries and battery management systems (BMS) for ZAP personal transportation electric vehicles. The two companies have also agreed to joint manufacturing and distribution and expect to execute a definitive agreement within ninety days from the date of signing the MOU.
SANTA ROSA, California (August 12, 2009) – Electric vehicle market pioneer ZAP (OTC BB: ZAAP) has voted to add Priscilla M. Lu, Ph.D. to its Board of Directors.
Dr. Lu is a 30-year telecommunications and networking executive and entrepreneur formerly with AT&T Bell Laboratories, Founder, Chairman and CEO of interWAVE Communications Ltd., and ViDeOnline Communications Ltd.
SANTA ROSA, California (August 10, 2009) – Electric vehicle pioneer ZAP (OTC BB: ZAAP) announced today that it has secured up to $25 million in new financing with Cathaya Capital, L.P. With offices in Silicon Valley, Cathaya, L.P. is backed by financier Jacques de Chateauvieux’s Paris-based Jaccar Holdings and intends to manage the investment through its affiliate Better World International, Ltd.
ZAP will use a portion of the funding to pursue longer-term contract production and assembly commitments, and to accelerate deliveries of trucks and vans to fill current fleet and government orders.
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."