ZAP Receives Order for 100 New Electric SUVs from Samyang Optics

February,24,2010

Electric vehicle pioneer ZAP (OTC Bulletin Board:ZAAP.ob - News) 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's design of the electric version of Jonway's A380 5-door SUV, targeting the fleet market,would conform to Korean motor vehicle regulations and be capable of 70 MPH with a range of 100 miles per charge. The target market in Korea is intra-campus transportation for large government, military, corporate and university campuses. ZAP has 15 years experience in electric vehicle systems integration and sees a growing market for conversions of gas fleet vehicles. A video of ZAP's road testing in Santa Rosa, California is available at http://zapglobal.wordpress.com.

"The electric Vehicle market is a key new strategic focus of Samyang, and we are committed to our partnership with ZAP in developing the market for Korea," said Samyang co-CEO Christopher Kang, MD. "This initial purchase order is phase one of our business plan in introducing ZAP's electric vehicles to Korea."

Samyang, widely known for its camera lenses, is expanding into cleantech business opportunities in Korea, focusing on the electric vehicle market, an area supported by the Korean government. Korea has announced an investment of 400bn won (US$342.6m) by 2014 for electric vehicle market development. ZAP and Samyang officials have held meetings with representatives of the Korean government to start the process of gaining government approval to import and eventually manufacture the electric SUVs domestically. Samyang's website is http://www.syopt.co.kr.

The initial order is expected to be assembled in China at ZAP Hangzhou, a joint venture recently formed with Holley Group, a global supplier of electric power meters based in Hangzhou, and Better World International Limited, funded by Cathaya Funds.

Safe Harbor Statement
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation,continued acceptance of ZAP's products, increased levels of competition, new products and technological changes, ZAP's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the ZAP's periodic reports filed with the Securities and Exchange Commission.

ZAP Appoints H. David Jones as Chief Operating Officer

April,19,2010

Electric transportation pioneer ZAP (OTC BB:ZAAP - News) has appointed H. David Jones as its Chief Operating Officer. Mr. Jones adds an enhanced level of depth to the ZAP management team in the areas of international sales and marketing, product marketing, product line management, customer services, technical support,and contract negotiation.

Prior to joining ZAP, Jones was an international consultant to Chevron’s contracting organization in Angola, Africa. He previously held positions in Interwave Communications as Vice President of International Sales where he established International Sales and Technical Support organizations in Hong Kong, Beijing, London and Paris. As Vice President of Marketing there he improved the focus and efficiency of product line marketing through market segmentation, the establishment of product roadmaps and the launching of new products including beta trials, customer training and technical support. He also restructured the technical support organization by redeploying support services to Ireland and China for improved reach and reduced costs.

ZAP CEO Steven Schneider commented, “David has a wealth of critical skills in both sales and international marketing and will play an important role as ZAP implements its strategy of offshore manufacturing and distribution of affordable electric vehicles through joint ventures and partnerships in China and other countries.”
Mr. Jones earned a Bachelor of Science degree in Business Administration from Capital University in Columbus, Ohio, an MBA from Ohio University in Athens, Ohio, and is a graduate of the Executive Management Program in the School of Organization and Management at Yale University in New Haven, CT
Jones replaced Amos Kazzaz, ZAP’s previous chief operating officer for the past three years, who will be returning to the airline industry in a senior capacity with an international carrier.

Prior to joining ZAP, Kazzaz held a series of management positions at United Airlines in Chicago.

Safe Harbor Statement
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. Investors should consider the risk factors described in the Company's Form 10-K for the fiscal year ended December 31, 2008 and Form 10-Q for the fiscal quarter ended September 30, 2009, as well as
other filings.

ZAP Alias Electric Car Qualifies for Shakedown Stage of Progressive Iurance Automotive X PRIZE

April,27,2010

Alias to Take Part in X PRIZE Kick-Off Slated for April 29th at Michigan State Capitol

The Alias, a prototype electric sports car from ZAP(OTC Bulletin Board:ZAAP.ob ‐ News), has qualified for the Shakedown stage of the Progressive Insurance Automotive X PRIZE (PIAXP) competition for 100 MPG equivalent and above cars now underway at Michigan International Speedway (MIS). The innovative all‐electric ZAP Alias will appear this Thursday, April 29th, during kick‐off ceremonies for the PIAXP at the Michigan state capitol in Lansing.

The Alias team is one of 28 competing for $10 million prizes, down from 43 teams last year. In the Shakedown stage, vehicles will be tested on braking speed, lane change ability, acceleration and refueling/recharging time, among other elements. ZAP's shakedown will occur May 2-8 at MIS. This is a non-elimination event ahead of a Knock-Out Stage taking place in June.

"As an electric vehicle company founded on creating energy efficient transportation, we are delighted to be taking part in the Progressive Insurance Automotive X PRIZE," said Steve Schneider, ZAP CEO. "Competitions like this will further the advancement of eco-friendly electric vehicles in the U.S. market. It is an opportunity for researchers to showcase the capabilities of electric vehicles and push the frontier on what may be possible as we look for new
ways to reduce dependency on petroleum, reduce CO2 emissions and enhance sustainable mobility. It's also a good opportunity for government and the investment community to see the potential of these new designs."

"This competition will help level the playing field and capture entrepreneurial, scientific and technical energy to bring about viable, super-efficient cars that consumers want to buy," said Dr.Peter H. Diamandis, Chairman and CEO, X PRIZE Foundation. "We are at a pivotal moment in time when promising new technologies, growing consumer demand, and global politics make it ripe for a radical breakthrough in the cars we drive."

The cost-effective, powerful Alias will travel at freeway speeds with a range of 100 miles. Builtusing a NASCAR-type construction, the Alias has a tubular frame and composite body. Power is supplied to the three-wheeled, front wheel drive roadster by a lithium battery pack. The Alias features sleek styling, aerodynamic contours, a low profile, and wide stance with doublewishbone suspension. It can be re-charged with any 110V or 220V outlet.

Fans have several ways to follow the competition online through social media, including Facebook, Twitter, YouTube, Blogs as well as through the competition website http://progressiveautoxprize.org. The ZAP Alias Team Blog is http://zapalias.wordpress.com.

Teams and their vehicles will compete in one of three categories: a class for tandem seating, a class for side-by-side seating and a third class for mainstream designs. The Shakedown phase of the PIAXP is already underway broken into two week-long events.

The goal of the PIAXP is to inspire a new generation of viable, super fuel-efficient vehicles that offer more consumer choices. Ten million dollars in prizes will be awarded to the teams that win a stage competition for clean, production-capable vehicles that exceed 100 Miles per gallon or energy equivalent (MPGe). The Progressive Insurance Automotive X PRIZE will place a major
focus on efficiency, safety, affordability and performance.

An earlier prototype of the ZAP Alias is on display this week at the Beijing Motor Show as part of an introduction for ZAP's new electric vehicle venture in the China fleet market.

Zap partners with Chinese OEM on electric SUV

April,23,2010

An all-electric SUV under development by an American company and a Chinese automaker made its public debut at an EV eco-challenge competition in South Korea.

"This was our first time road testing the SUV in public, and the vehicle completed 205 km of the 220-km course," said Steve Schneider, CEO of electric vehicle supplier Zap, a California company developing an all-electric five-door SUV with China's Zhejiang Jonway Automobile.

Sponsored by the .Korean Ministry of Knowledge Economy, the Ministry of Land, Transport, and Maritime Affairs, and the Ministry of Environment, event participants at the three-day EV Eco Challenge & Fair in March included battery and recharging companies, auto parts manufacturers, and EV producers Leo Motors, CT&T, AD Motors, Green Car Clean City Inc., Zap, and Zap's Korean distributor, Samyang Optics.

Zap-Jonway's front-wheel-drive SUV was fitted with a 108-V lithium-ion battery pack. "We have two versions," said Gary Starr, Zap Co-Founder and Director of Business Development. "There's a 108-V pack with a 22 kW·h capacity and a 360-V pack with a 35 kW·h capacity." .

The electric SUV averaged 85 km/h (53 mph) on a course that included city driving as well as highway cruising along hilly terrain in occasional snowy conditions, according to Schneider. Charging stations were at the 58-km (36-mi), 114-km (71-mi) and 159-km (99-mi) route points.

The SUV's batteries were recharged for 1.5 h at the first charging station and 2.5 h at the second charging station. "But the vehicle ran out of charge 8 km from the finish. That's because the SUV that was designed to go 300 km was stuck in customs, so we competed with our 140-km vehicle, which is a low-cost, limited-range SUV," said Schneider.

Jonway's A380 SUV is the springboard for the electric SUV. Said Alex Wang, CEO of Zhejiang Jonway Automobile Co. Ltd., "It looks the same."

Sold in 1.6- and 2.0-L gasoline variants, a 1.8-L version will be added as an A380 engine choice. More than 8000 A380s were sold from May 2009 through March 2010, according to Wang.
The five-door all-electric SUV will use a Jonway-produced chassis and a Zap-supplied electric driveline. The joint venture company, ZAP Hangzhou Electric Vehicle

When market-available in the third quarter of 2010, the SUV with an independent MacPherson front suspension and a double-wishbone rear suspension initially will be sold to fleet and taxi customers in China. It will be the first vehicle produced from the Zap-Jonway joint venture, noted Wang. Co. Ltd., will handle EV integration in China.

The Korea EV Industry Association hosted theEV Eco Challenge & Fair 2010, spotlighting, among other vehicles, a preproduction Zap Alias three-wheeler and a prototype of the five-door Zap-Jonway compact SUV—both all-electrics.

Zap and Samyang Optics also showcased the three-wheeled, two-door Zap Alias at the Korea EV eco-challenge.

For the EV challenge in Korea, the Alias demonstration vehicle relied on lead-acid batteries that are part of a 216-V system. The batteries are fitted underneath the vehicle in a reinforced composite battery box," according to Starr. . Today, all the major engineering work is done, the parts list has been sourced, and we have running prototypes," said Starr.

Schneider said the Alias finished the challenge, recharging batteries at each of the three stations along the way.

"The other three Alias running prototypes will have lithium-ion battery packs," said Starr, "including the vehicle that will participate in the Progressive 

Automotive X Prize shakedown track event at the Michigan International Speedway in May. That vehicle will be driven by Al Unser Jr., a former two-time Indy 500 winner."

Insurance Alias production vehicles will use Li-ion batteries. A 50-kW motor will be used in the base model, and the upgrade model will use a 125-kW motor. 

ZAP licenses Smart Charger Controller from Battelle

April,16,2010

Electric car maker/modifier Zap has been busy lately. At the end of February, they took an order for 100 electric SUVs from Korean company Samyang, who also happens to be its strategic investor and distribution partner. Now, they've announced an agreement with Battelle, an international science and technology company that manages Pacific Northwest National Laboratory, to license PNNL's Smart Charger
Controller. The controller allows owners of plugins to minimize the cost of charging their vehicles by automatically charging when electricity prices are at their lowest. Zap also secured the rights to sub-license the Smart Charger Controller technology to Zap Hanzhou, Zap's Chinese arm.

Pacific Northwest Laboratory publicly announced the Smart Charger Controller technology last year after completing an earlier assessment that showed America's existing power grid could meet the needs of about 158 million vehicles, or 70 percent of all U.S. light-duty vehicles, if battery charging was managed to avoid new peaks in electricity demand. "If a million owners plug in their electric vehicles to recharge after work, it could cause a major strain on the grid,"said PNNL engineer Michael Kintner-Meyer. "The Smart Charger Controller technology could prevent those peaks in demand from plug-in vehicles and enable our existing grid to be used more evenly."

Owners of the Smart Charger program the controller to charge at a set time, day or night, or at a set price point. The controller communicates with the electric grid wirelessly to determine the best and cheapest time to recharge vehicles. Besides helping consumers save at the plug, the controller can also help avoid brown-outs by disconnecting from the grid temporarily at times of peak load. Zap intends to use the technology for its electric cars and charge stations in the U.S.,Korea and through Zap Hangzhou later in 2010.

PRESS RELEASE
ZAP Licenses Electric Car Smart Charger Controller Technology from Battelle
Consumers get economic benefits; grid is protected and uses cleaner cheaper energy when charging during off-peak hours SANTA ROSA, Calif. and RICHLAND, Wash. - April 14, 2010 - To make electric car charging cleaner and less expensive, industry pioneer ZAP (OTC BB: ZAAP) has licensed the Smart Charger Controller technology developed at Pacific Northwest National Laboratory. The technology allows customers to minimize the cost of charging electric vehicles by automatically
recharging a vehicle's battery at times of least demand on the grid and subsequently, least cost to the consumer.

Battelle, an international science and technology organization that manages and operates PNNL for the U.S. Department of Energy, also has granted ZAP the right to sublicense the technology to ZAP Hangzhou. ZAP plans to distribute the new technology as part of its electric vehicle business plan, including through its strategic investor and distribution partner Samyang Optics (008080.KS) of Korea.

How it Works: ZAP Licenses Electric Car Smart Charger Control Technology from Battelle "We believe this will put us at the cutting edge of charging station technology," said Samyang Optics CEO, Christopher Kang. "I feel that this technology is one of the most critical pieces to make electric cars viable on a large scale."
"ZAP believes the patented smart electric car charging technology is an important feature to ensure the environmental viability of electric cars," said ZAP Founder and Director of Business Development, Gary Starr.

PNNL publicly announced the Smart Charger Controller technology last year after completing an earlier assessment that showed America's existing power grid could meet the needs of about 158 million vehicles, or 70 percent of all U.S. light-duty vehicles, if battery charging was managed to avoid new peaks in electricity demand.
"If a million owners plug in their electric vehicles to recharge after work, it could cause a major strain on the grid," said PNNL engineer Michael Kintner-Meyer. "The Smart Charger Controller technology could prevent those peaks in demand from plug-in vehicles and enable our existing grid to be used more evenly."

Owners program the controller to charge at a specific time of day or night or at a set price point.The controller uses a low-range wireless technology to communicate with the power grid anddetermine the best and cheapest time to recharge vehicles. By charging vehicles during off-peak times, the controller saves consumers money and helps maximize the capacity of the electrical grid during periods of peak demand.

Previous PNNL studies with household appliances show that "smart" technologies also save the grid from brown-outs with little impact to the consumer. Grid Friendly™ technology inside the Smart Charger Controller senses stress conditions on the grid. When the grid says more power is needed, the controller can temporarily stop charging the vehicle until the stress subsides.

This instant reduction in charging load, multiplied on a large scale with many vehicles, could serve as a shock absorber for the grid and help to incorporate renewable energy like wind and solar. The technology could relieve load instantly and give grid operators time to bring new power generation sources on line to stabilize the grid - a process that usually takes several
minutes.

ZAP intends to use the technology for its electric cars and charge stations in the USA, Korea and through its JV in China, ZAP Hangzhou later in 2010.

ZAP CEO Steve Schneider Named Vice Chairman of Samyang Optics

April,13,2010
Steve Schneider, CEO for electric vehicle pioneer ZAP (OTC.BB:ZAAP - News) has been named Vice Chairman of Samyang Optics Co.,Ltd. (Kospi: 008080.KSE) to support their entry into the electric vehicle market.

 The appointment of Steve Schneider to the post of Vice Chairman by Samyang Optics follows several joint business activities between ZAP and Samyang Optics to distribute electric vehicles in Korea. The two companies have formed a distribution partnership to sell and potentially manufacture ZAP vehicles in Korea. Samyang recently placed an order for 100 of the new electric SUVs being developed by ZAP and Zhejiang Jonway Automobile Co. Ltd. of China. Recently, Samyang Optics sponsored the ZAP Alias and SUV in the first-ever Korea EV Challenge.

"Steve Schneider has extensive auto industry experience, particularly in electric vehicle integration," said Samyang Optics CEO, Christopher Kang, M.D. "This appointment as Vice Chairman signifies our commitment to the electric vehicle business venture with ZAP."
Since 1994, ZAP has delivered over 117,000 of a broad range of vehicles to more than 75 countries. ZAP supplies electric trucks and vans to military, government and corporate fleets and is an innovator of electric motorcycles, scooters and ATVs. For further information on ZAP, visit http://zapglobal.wordpress.com.
Samyang Optics Co., Ltd.
Samyang, located in Masan, Korea, is a developer of optical lenses and a range of applications for closed circuit television systems used extensively in highly important security settings such as casinos and banks, as well as government and commercial buildings. Founded in 1972, Samyang's securities are publicly traded on the Korean stock exchange. Samyang is an exclusive supplier for "Made in Korea" lenses to Sears and has made lenses for Nikon, Canon, Minolta and Yashica. In 2004 Samyang merged with Japanese optical device maker Seikou.
Safe Harbor Statement
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of ZAP's products, increased levels of competition, new products and technological changes, ZAP's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the ZAP's periodic reports filed with the Securities and Exchange Commission.

ZAP Electric Taxi on Bay Area Television News

May,14,2010

KGO Television News reporter Heather Ishimaru visited ZAP last week from the San Francisco ABC affiliate to learn more about its project in China to supply electric taxis to the fleet market. ZAP has partnered with Zhejiang Jonway Automobile Co. Ltd. to start pilot assembly of A380 SUVs with ZAP’s proprietary drivetrain at a new facility in Hangzhou. Chairwoman Priscilla Lu spoke to KGO as well as new Chief Operating Officer David Jones. The ZAP Alias,which is competing in the Progressive Insurance Automotive X PRIZE, also appears.

For the complete article, visit KGO ABC News – San Francisco:
SANTA ROSA, CA (KGO) — A Santa Rosa electric car company is set to marry its tech knowhow with China’s emerging industrial power. The goal is to break into the car market in China, which is expected to become the biggest in the world. ZAP car, or the Zero Air Pollution car, just signed a deal to mass produce its SUV taxi.

The ZAP car and all-electric SUV sits in Zap’s Santa Rosa showroom. Right now, only a handful of them exist, but ZAP Chairman Priscilla Lu hopes that someday soon there will be thousands of them rolling through the streets of China’s biggest cities as taxis.

“Not all of them will convert immediately, but the government is committed in order to reduce pollution, to have as many of these taxis become electric vehicles,” says Lu.And she says the government is backing that commitment with subsidies.

“There is not only subsidies for manufacturers to deliver these vehicles, but also the city government who actually owns the taxi business, if you will, is committed to make this happen because it has the support of the central government,” says Lu.

Lu wants ZAP to be first in line for those subsidies; it just signed a deal for mass production with Chinese automaker Zhejiang Jonway Automobile Ltd.
“Right now, the particular partner that we have is capable of producing 4,000 vehicles per month and scaling up to 6,000,” says Lu.

The SUV taxi runs on 117 lithium batteries. It can go about 180 miles before recharging. The batteries are positioned underneath the car, so cargo and passenger space are preserved. The sales price will be between $20,000 and $30,000. The ZAP sports car, Alias, was just shown at the Beijing auto show. It will also eventually be produced at the China plant and someday maybe in the U.S.

“We’ll be filing with the D.O.E. for grant money to have a manufacturing plant here in Santa Rosa as well as possibly in Kentucky,” says ZAP CEO Dave Jones.
It remains to be seen how many taxis they can sell. Lu says so far they have an order for 400 from Korea and it’s working on pricing and orders for China.
The first ZAP taxi could be rolling off the Chinese assembly line at the end of this year.

New Lithium Battery and Management System Doubles Range of ZAP Electric Cars

May 18, 2010 

A Smart, Lighter Weight Alternative for ZAP Consumer and Fleet Vehicles Worldwide 

Electric vehicle pioneer ZAP (OTCBB:ZAAP -News) has begun shipping lithium battery systems for various models of its electric cars, trucks,vans and scooters,offering at least four times the life of standard lead-acid batteries and twice the driving range. The new battery system is the first turnkey, drop-in replacement battery
system that fits in the same space as the G-31 lead acid batteries used in many of ZAP’s vehicles,equipped with a BMS (battery management system) that increases reliability and extends range.

The lightweight lithium battery system is used in the ZAP Alias, allowing it to drive up to 100 miles on a single charge. In China, ZAP’s new fleet vehicles use a similar system for its electric taxis and corporate vehicles based on the Jonway A380 SUV. A sub-chassis array of more than 100 battery cells is networked with an electronic monitoring system, ensuring that temperature and voltage of each cell are in balance and that electricity is automatically rerouted should any of
the cell voltages change.

Available as an upgrade for some ZAP vehicles, the new lithium battery systems provide a significant value for customers by improving performance and offering a significantly longer lifespan. ZAP estimates lead-acid batteries have 300-500 cycles of discharging and recharging,compared to 2,000 cycles for lithium. Customers should see improved acceleration and handling of their vehicles with the lighter-weight, higher-voltage batteries. ZAP designed the lithium battery system to recharge overnight from any 110 outlet, just like a cell phone, or faster using a 220-volt recharging station.

Indy 500 Winner Al Unser Jr. Joins ZAP Alias Electric Car Team in Progressive Insurance Automotive X PRIZE

May,5,2010

Racing legend Al Unser Jr. will be behind the wheel as the ZAP Alias team competes in the Progressive Insurance Automotive X-PRIZE. Unser has agreed to drive the Alias electric car from industry pioneer ZAP (OTC Bulletin Board: ZAAP) for the Progressive Insurance Automotive X PRIZE (PIAXP), a competition for $10 million in prizes set up to foster the development of clean, production-capable vehicles that exceed 100 miles per gallon or energy equivalent.

Unser has agreed to drive for ZAP in the upcoming PIAXP stages of the competition over the next five months. Unser plans to split his time between his other racing commitments and the PIAXP competition now underway at Michigan International Speedway (MIS). His first appearance behind the wheel of the all-electric sports vehicle from ZAP will be this week during ZAP's participation in the Shakedown Stage of the competition taking place May 2-8 at MIS, a track where Unser has a 

track record and won several races. The team blog is http://zapalias.wordpress.com

"We at ZAP are delighted that a driver of Al's capability and winning tradition has agreed to join the ZAP team in our quest to raise the visibility of electric cars," said ZAP CEO Steve Schneider. "It really means a lot to ZAP and to the acceptance of electric vehicles in the U.S. market to have someone the caliber of Al Unser Jr. take part in this competition."

The sleekly-styled ZAP Alias is a 100 percent electric car being developed to serve the growing demand for fuel-efficient vehicles. The all-electric vehicle is designed to drive at freeway speeds with a range of more than 100 miles on a single charge. ZAP is targeting a price in the $35,000 range. ZAP chose to pursue the PIAXP as a way to help bring the Alias to market, because of the automotive business expertise and analysis being offered on the performance, efficiency, design, safety and marketability of the vehicles. The ZAP Alias is competing for a $2.5 million prize in the side-by-side Alternative Class.

"I just love the Alias," said Unser. "It's clean, mean and green! I'm proud to be selected as the driver for ZAP." Unser became a fan of the Alias in 2008 when he first met with some of the designers at an automotive industry event. "I want this vehicle, so I am going to help ZAP make the Alias a commercial reality."

Al Unser Jr. (born April 19, 1962), nicknamed "Little Al," is a two-time winner of the Indianapolis 500. He was born into a racing family, son of Al Unser and nephew of Bobby Unser who both won the Indianapolis 500. By the age of 11, Unser was racing sprint cars. After high school, he was already in the World of Outlaws series of sprint car racing. He soon moved into road racing, winning the Super Vee title in 1981 and the Can Am title in 1982. In 1992, he won the Indy 500 with Galles Racing defeating Scott Goodyear by 0.043 of a second, the closest finish in Indy 500 history. He went on to win again in 1994 with Penske Racing.

In 2009, Unser was inducted into the Motor Sports Hall of Fame. He won the Grand Prix Celebrity Race with Keanu Reeves. He is a consultant to Indy Racing League and sits on the Board of Baltimore Racing Development.

Al Unser Jr. Accomplishments include:
Two-Time Indianapolis 500 Champion, 1992 with Galles Racing, and 1994 with Penske Racing
Two time Cart Series Champion
Thirty Four Indy Car Career Wins, 6 on the all-time list
Two time IROC Champion
Eleven IROC Race Wins
Two-Time Winner in the Grand Prix Celebrity Race
Inducted into Motorsports Hall of Fame 2009

AFVI 2010: Zap Dude is not an urban achiever

By Sebastian Blanco Date:May 12th 2010

Last month, Zap introduced the all-electric Dude, an off-road ATV. The company has sold a half-dozen of the $5,495 units and has "a warehouse full" of them ready to go out the door to a good home, according to Zap regional manager Dennis Vickery, who we talked to here at the AFVI Expo in Las Vegas. In this case, a good home means parks or other natural settings,because the Dude can only be used in off-road settings. The Dude (and yes, we want to make countless Lebowski references, too) can go up to 25 miles per hour and has a range of 25 miles.

ZAP Dude

Apparently, the Dude can carry a rider up to 290 pounds and tow up to 650 pounds using a 48V permanent-magnet rush DC motor and standard 65aH absorbed glass matt (AGM) lead acid batteries that recharge in around 4-6 hours.

If you're thinking that electric vehicles might have trouble meeting stated range estimates on paved roads, Zap is with you and has included a very clear statement attached to the ATV's webpage: "Range will vary significantly depending on hill grade, speed, and rider weight." You've been warned.

ZAP Stock Recovered onAnticipations of Rapid EV Deployment in China and Korea Markets

Jul,06,2010

ZAP (OTC BB : ZAAP) stock price recovered from May 26 low of $0.30 to July 2
high of $0.40 on positive news regarding the progress the Company made to increase
the visibility and acceptance of its Electric Vehicles (EVs) offering and solid
governmental support that is likely to be introduced next fall. The Company’s daily trading activity has also improved significantly averaging more than $135,000 for the last trading week.

ZAP is one of the world’s oldest and most experienced electric vehicle providers,
having delivered over 117,000 of a broad range of vehicles to more than 75 countries since 1994. ZAP supplies electric trucks and vans to military, government and corporate fleets and is an innovator of electric motorcycles, scooters and ATVs. With the recent increases in the price of oil and growing concerns about the environment as well as the negative effects of global warming, there is clearly a huge emerging for the Company.

The Company’s approach is to make electric cars more cost effective and more
comfortable. A large portion of ZAP’s car sales are fleet vehicles. The Company
supplies EVs for a number of government entities, companies, and universities
including Google, University of San Francisco, National Park Service, Coca Cola, and the military.

During 2010, the Company announced that it has developed an efficient methodology
for the conversion of conventional gasoline engine vehicles into electric vehicles.
Presently it is targeting China and Korea to convert conventional gasoline powered
internal combustion SUVs to plug-in-electric vehicles to serve taxi markets in these countries. The Company has completed the first prototypes and currently is in the testing phase. As a result of this achievement, ZAP have been selected as one of five companies to convert a prototype United States Postal Service ( USPS) van from conventional gasoline powered internal combustion to plug-in-electric for delivery in July 2010 for field testing by the USPS. USPS operates a fgleet of about 142,000 of these trucks, which creates an enormous opportunity for the Company.

At the Beijing Motor Show in April, ZAP displayed its all-electric ZAP Taxi targeting the fleet market as well as its innovative all-electric Alias prototype sports car. The Company introduced their design and engineering expertise to the Chinese media and outlined plans to enter the Asia-Pacific market. The Company has already started the pilot production of the ZAP Taxi at ZAP Hangzhou, the joint venture in Hangzhou China with Holley Group. The vehicles are designed for Asian market, such as taxi fleets, as well as intra-campus transportation for large corporate, government, military and university campuses. ZAP has also formed a partnership with Samyang Optics to distribute its full line of EVs in Korea. Over time, ZAP and Samyang Optics expect to develop an assembly process for EVs in Korea to eventually source and manufacture the parts and EV components in Korea.

The Company’s all-electric Alias prototype sports car has qualified for the Progressive Insurance Automotive X PRIZE (PIAXP) competition for 100 MPG (miles per gallon energy equivalent) and above cars. The ZAP Alias will compete in the alternative category of the PIAXP, which was formed to encourage creativity in vehicle designs.

The first tests proved that ZAP Alias is a safe, efficient and fast vehicle, with
accelerations of 5 seconds from 40 to 65 mph. Winners will share the $10 million
prize purse, funded by Progressive Insurance.

In addition, the Company’s offering could get a solid legislative boost next fall, when the U.S. Senate is likely to change the existing $7,500 federal tax credit for EVs purchases to a credit of up to $10,000. Moreover, similar plans were announced by China, where buyers of electric vehicles will receive subsidies of up to $8,800 under a two-year program to support the rollout of the EV industry in the country. The Korean government has also announced plans to offer subsidies, tax benefits and funding allocations for EVs of over $500 million managed by Ministry of Knowledge Economy.

ZAP Dealer and VP of the California New Motor Vehicle Board

July 29 2010

Mr. Ramon Alvarez C, owner of Alvarez Lincoln Mercury Jaguar and Alvarez ZAP dealerships in Riverside, California, has joined industry pioneer ZAP's (OTC Bulletin Board: ZAAP) advisory board.

Commenting on the appointment, Steven Schneider, ZAP CEO said, "Mr. Alvarez has a wealth of automotive experience and will bring a fresh and welcomed perspective to our growing business in US and international markets. His creativity and market knowledge have enabled him to take a fresh approach to the car business and stands as a model for all new car dealers."

Alvarez officially opens his new ZAP dealership in Riverside today with a hosted press event. Alvarez said, "This is an exciting day for our business as we expand our lineup of cars and trucks to now include electric vehicles from ZAP. We are looking forward to increasing our presence throughout all Southern California, particularly in the government and corporate fleet sector."

Mr. Alvarez has been in the auto industry for fifteen years and is a member of the Board of Directors of the California Chamber of Commerce and has served on numerous charity boards and assisted advocacy organizations. He serves the auto industry through his position on the California New Motor Vehicle Board.

ZAP (OTC:ZAAP) Enjoys The Next Speculative Rise

By Violeta Slavtchevska Date:Jul 5, 2010

With newsletter alerts sent out and large short selling interest, ZAP stock is on the rise again, holding on to its usual performance pattern.

ZAP stock price jumped on Friday shortly after trading began and at first glance it looked like the selling pressure from the previous day had disappeared. With the usual large daily volatility and on exploding volume of over 727,000 shares traded, the stock hit its previous resistance from the middle of May and the closing price was $0.395, or 4.77% up.The additional demand for the stock cannot be considered unexpected however.

After the intensive promotional coverage from last year, the stock has not been
officially promoted recently.

Though, it was mentioned in the newsletter of a website this weekend, sending
investor alerts and being as well involved in the trading penny stocks. Another
disappointing fact for investors, who hope for the stock to break its rise-and-fall pattern and finally have a long-term appreciation is the intensive shorting activity from last week. Nearly 55% of the volume was sold short, which means that the market sees an upcoming drop in the price as much more probable.

According to the actual parameters of ZAP's business, their stock appears currently highly overvalued. ZAP designs and manufactures electrical vehicles, an industry with high-growth potential. Though, the company incorporated in 1994, has not managed to profit from that so far. Large losses have been reported over the past three years and despite some significant technology developments and strategic steps towards an Asian expansion during the first quarter of the year, the financial results cannot catch up. The gap between cash provided by operation and cash needed to cover expenses seems to expand and on the declining sales, the net losses are growing further.

The conditions under which the company had secured financing so far seem to have
been highly unfavorable and with the present results, it is unlikely that this will change. As ZAP has previously failed to make the scheduled payments on a short term loan agreement, some of the company's property that served as a collateral had to be transferred to the lender, which is however still not reflected in the latest financial report. Further borrowing are either due on demand or in the form convertible notes,or are secured by all of the company's assets.

Tesla Is "Silly ... a Stupid Idea," Lindzon Says: Govt. Better Off Investing in Bikes

Jul,14,2010

Electric car marker Tesla went public on June 29 with great fanfare. At $17 per share,the IPO was priced above its expected range and more shares than expected were sold to meet high demand.

Tesla was the first American car company to go public since Ford in 1956 and one of the best VC-backed IPOs in recent memory; the stock jumped 41% on its opening day of trading. As a result, Tesla was hailed as a reminder of the promise of American ingenuity and (further) proof that capitalism is far from dead, despite myriad reports to the contrary.

As FusionIQ CEO Barry Ritholtz declared here the day after the IPO: "Telsa is exactly what Wall Street is supposed to be doing -- bringing capital to entrepreneurs with good ideas and helping drive the engine of growth."But venture investor Howard Lindzon says Ritholtz is wrong: Tesla is a "silly company" and a "stupid idea," Lindzon says.

"That's a lot of money to launch a car that maybe 1% of the country wants," Lindzon says, noting the Department of Energy lent Tesla $465 million to build its Model S sedan. "I don't see the magic. I want to see companies that make products that we can understand - that we can aspire to own."

Furthermore, Lindzon notes CEO Elon Musk sold about $24 million worth of stock at
the offering and argues lead underwriter Goldman Sach "mispriced the deal" by
pricing it a $17. "If they priced it at $22, the company would have got a lot more
money [and] maybe paid back the government," he says.

After trading above $30 on its second day of trading, Tesla stock slid precipitously to below $15 on July 7. But after "breaking" its IPO price, the stock has since climbed back with the broader market; late Wednesday, the stock was up more than 9% Wednesday to near $20 per share. In other words, it's too soon to pass judgment on Tesla the stock, much less Tesla the car company.

But if the government's goal in supporting Tesla was to help wean us off foreign oil, Lindzon says (only half-jokingly) Uncle Sam would be better off backing a bike manufacturer and putting bikes all over American cities.

Samyang Optics Takes Delivery of First ZAP Jonway Electric SUV for Korea Taxi, Fleet Market

July 14, 2010, 9:00 a.m. EDT

SEOUL, South Korea, July 14, 2010 /PRNewswire via COMTEX/ -- Electric vehicle
pioneer ZAP /quotes/comstock/11k!zaap (ZAAP 0.49, -0.01, -1.02%)and Zhejiang
Jonway Automobile Co. Ltd. delivered the first electric taxi produced through their China venture, ZAP Jonway, to Korean distribution partner Samyang Optics (Kospi:008080.KSE). Several new ZAP electric vehicles will be on display at the automotive engineering technology expo EV KOREA July 14-16, 2010 at the Coex exhibition center in Seoul.

Samyang Optics and ZAP Jonway will showcase new electric vehicles (EVs) they are planning for Korea. The ZAP Taxi will be on display, an electric SUV based on the Jonway A380 with an electric drivetrain designed and integrated by ZAP. The Alias will be on display, a futuristic-looking electric car designed by ZAP and finalist for the Progressive Insurance Automotive X PRIZE, a competition of 100MPG or energy
equivalent vehicles with the final taking place July 19-29. ZAPPY3 personal electric transporters will be scooting around the exhibit.

Samyang Optics and ZAP Jonway have formed a business venture to distribute electric vehicles in Korea as part of the government's push to commercialize EVs and capture 10 percent of the global market for zero-emission plug-in cars by 2015 with the target of having all-electric vehicles comprise 10 percent of domestic sales of small-size cars by 2020.

Samyang Optics and ZAP Jonway are the official sponsors of EV KOREA, with
support from the Korean Ministry of Knowledge Economy, Presidential Committee
on Green Growth, Seoul Metropolitan Government, Korea Transport Institute,
Electronics and Telecommunications Research Institute, Korea Electronics
Technology Institute Korea, Automotive Research Institute, Korea Electric Vehicle
Industry Association and others.

EV KOREA was created to harness the growing interest in electric vehicles by
bringing together all the key players in the global EV market. The event is being held concurrently with the New & Renewable Energy and Battery Expo 2010, to create
more synergies and maximize business. EV Korea expects over 100 exhibitors and up
to 25,000 attendees. More information is available at http://www.evkorea.kr.

ZAP is one of the world's oldest and most experienced electric vehicle providers,
having delivered over 117,000 of a broad range of electric vehicles to more than 75 countries since 1994. Additional information is available at http://www.zapworld.com.

Safe Harbor Statement
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of ZAP's products, increased levels of competition,new products and technological changes, ZAP's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the ZAP's periodic reports filed with the Securities and Exchange Commission.

AutomakerZAP Buying out Chinese Partner

The Zap Alias all-electric sports car has a range of 100 miles per charge, a top speed
of 75 mph, and can go from 0 to 60 mph in 7.8 seconds.

July,8,2010

Automaker ZAP (Zero Air Pollution) announced Thursday it has bought a majority stake in its China-based partner Zhejiang Jonway Automobile, and intends to buy out the rest of the company in the coming year.

The boards of directors for both companies approved a merger agreement on July 2 in which ZAP agreed to acquire 51 percent of Jonway Auto for $29.03 million in cash and the exclusive distribution rights for Jonway cars in exchange for 31.5 million shares of ZAP common stock at $1 per share. The deal also gives ZAP the right to buy out the remaining 49 percent of Zhejiang Jonway Automobile by March 30, 2011,according to ZAP.