Jonway ZAP A380 SUVs Crossing Himalayas from Lhasa, Tibet to Nepal's Katmandu on April 1

First Time Ever, 12 Jonway A380 SUVs will Caravan 1500km at over 4000 Meters above Sea Level through Rugged Terrain of Himalayas, Starting April 1, 2011

LHASA, Tibet, March 29, 2011 /PRNewswire/ -- Jonway Automobile, a majority owned subsidiary of Jonway ZAP (OTC Bulletin Board: ZAAP) will be showcasing 12 of their traditional gasoline A380 SUVs as they caravan through the Himalaya Mountains in an eight day expedition from Lhasa, Tibet to Katmandu in Nepal, starting April 1, 2011.

The caravan will take about three days to cross the Himalayas from Lhasa to Katmandu, and will be followed by another 5 days of touring mountain tracks through Nepal.  This is the first attempt ever to cross the mountains in 3 days with 12 SUVs, and will be accompanied by 44 journalists.  The event is sponsored by China SUV Magazine and is described on their website using the following link: http://www.chinasuv4x4.com/html/shouye/rediantuijian/2011/0325/1550.html.

Recently Merged ZAP Jonway to Display New Models, Electric Cars at Auto Shanghai 2011

Following a recent acquisition of Zhejiang Jonway Automobile Co. Ltd. of China by ZAP of the United States, the newly formed company ZAP Jonway (OTC BB: ZAAP) will be showcasing two new electric cars anticipated for production later this year at the Auto Shanghai 2011.

WHAT: New ZAP Jonway models on display at Auto Shanghai 2011
             - A380 Electric SUV
             - Alias electric car
             - SUV (Mitsubishi transmission)
             - Van

WHERE: Shanghai New International Expo Center from April 21 to 28
               2345 Longyang Road, Pudong, Shanghai
               http://www.autoshanghai.org/EN/index.aspx

WHEN: Media Days: April 19-20, Public Days, April 21-28

ZAP Jonway Adds to Finance Team, Leo Shan as Deputy CFO of Jonway Auto

March,11,2011
SANTA ROSA, Calif.–(BUSINESS WIRE)– Electric car pioneer ZAP Jonway (OTC BB:ZAAP.ob – News) and its majority owned subsidiary Jonway Automobile added another member to its finance team following the appointment of Benjamin Zhu as Chief Financial Officer last week. Leo Shan Yongqiang has joined as Deputy CFO effective March 1, 2011 and will assume responsibility of Jonway Automobile in China as part of Benjamin Zhu’s global finance team.

Since 2008, Leo Shan was deputy finance director for Chery Automobile, a leading maker of passenger cars in China. He was also CFO for Chery’s international joint ventures, overseeing finances for Chery’s overseas subsidiaries, including investments in Russia, Brazil, Uruguay, Malaysia, Ukraine, Kazakhstan and Iran. Prior to this he was finance controller in China from 2006 to 2008 for German publisher Wolters Kluer Information & Technology Co., a leading global information services and publishing company. He also served as Senior Auditor from 2003 to 2006 at Price Waterhouse Coopers in Beijing.

“Leo Shan comes with extensive international finance experience and will be helping us manage our international global partnerships and expansions in joint ventures with companies in many countries around the world,” said Mr. Zhu.

“Benjamin Zhu and Leo Shan strengthen the executive finance management team of ZAP Jonway and bring in-depth knowledge of the automobile space as well as broad international market relationships,” said Dr. Priscilla Lu, Chairwoman of ZAP Jonway.

ZAP : Jonway Appoints New CFO, Benjamin Zhu Li Dong, Former Deputy CFO of Beijing Auto, Foton

02/28/2011
SANTA ROSA, Calif., Feb. 28, 2011 /PRNewswire/ -- Electric car pioneer ZAP (OTC Bulletin Board: ZAAP), headquartered in Santa Rosa, California, and its majority owned subsidiary Jonway Automobile, are pleased to announce the appointment of Benjamin Zhu (Zhu Li Dong) as the Chief Financial Officer of ZAP and Jonway Automobile. Benjamin Zhu joins ZAP and Jonway Automobile March 1st, 2011. William Hartman, current CFO of ZAP will complete the year-end 2010 audits and the consolidated report of ZAP and Jonway Automobile for 1Q2011, while Benjamin Zhu and his team take over 2Q2011.

Since 2009 Benjamin Zhu has served as deputy CFO of Beijing Auto, Foton, one of the largest automobile companies in China, with reported yearly sales volumes of over 700,000 units. He led the group's operational finance, cost control and overseas partnerships and investments. Prior to this, he served as CFO of Ready Medicine Group, one of the largest medicine distribution and retailing companies with revenues of over 6 billion RMB. As CFO he led mergers and acquisitions and oversaw the IPO of the company in the United States in 2008. He was also the CFO of Chery Auto Group, China's largest passenger car automaker with reported sales volume of over 680,000 passenger sedans annually. From 2007 to 2008, as CFO he led the IPO of Chery Automobile in China. Prior to this, Mr. Zhu was Audit Manager at Deloitte & Touche and then at Price Waterhouse Coopers for nine consecutive years.

"We welcome Benjamin Zhu as Chief Financial Officer of ZAP Jonway," said Dr. Priscilla Lu, Chairman of ZAP Jonway and General Partner of Cathaya Capital. "We are bringing a new team of management executives on board to lead the growth of the new, combined ZAP Jonway. Mr. Zhu brings to our company tier one Chinese automobile finance management experience. His extensive international experience will help reinforce our financial growth, and his strong auditor background will help exert the required discipline in financial control, leveraging the knowledge from when he was audit manager at Deloitte and Price Waterhouse."

One in five car buyers ready for an electric vehicle, latest research shows

Jan,14,2011
Nineteen percent of drivers surveyed by IBM's Institute for Business Value (IBV) said that they were either "very likely" or "likely" to consider purchasing an electric-only vehicle when shopping for a new car. This is notable, given that 42 percent of drivers know only "a little" about EVs or have "only heard of them.”

Thirty percent of drivers surveyed said that they would consider switching to an EV that got 100 miles or less per charge. Current EVs get about 50 to 100 miles per charge.

And 40 percent of drivers said they would pay up to 20 percent more for an electric-only vehicle compared with a similarly-featured gas-, diesel, or hybrid-powered vehicle, with 27 percent saying they would pay 10 percent more and 13 percent saying they would pay 20 percent more.

The results of this research bodes well for the emerging EV industry in the Bay Area. Most notable is Tesla Motors based in Palo Alto. Tesla is currently retrofitting a portion of the shuttered NUMMI plant in Fremont to manufacture it's upcoming Model S sedan. Other local companies involved in the burgeoning EV business include Santa Rosa's ZAP (manufacturer of small electric vehicles), CODA Automotive who has announced its intentions to assemble electric vehicles in Benicia, and Palo Alto's Better Place, an EV battery infrastructure solution provider.

Nevertheless, the price of a home charging installation often required to support an EV could pose an obstacle to EV adoption, according to the study. Only 13 percent of drivers said they would consider spending more than $1,000 to retrofit their residence to support recharging of an electric vehicle. According to industry estimates, retrofitting to a 240 volt outlet accessible to vehicles averages between $1,000 and $2,000.

In addition, two-thirds of consumers expect a price discount on their electricity for charging at home overnight. This expectation could place increasing focus on utilities for time-based pricing to encourage home charging, or more public charging will be required if an electricity discount is not available.

Home charging is considered important to the success of EVs. Of the drivers surveyed, 83 percent said they park their primary vehicle in the driveway or garage of their private residence, as opposed to in a parking lot, on the street, in a shared garage or some other location.

Perhaps a reflection of America's consumer culture, 62 percent of drivers surveyed said they most often parked in a mall or store parking lot when not at home or work. That's substantially higher than any other location – "on the street" was number two at 17 percent.

China Plug-In Electric Vehicle Forum 2011

Jan,10, 2011

China Plug-In Electric Vehicle Forum 2011 with the main theme of "Improving Infrastructure & Facilitating Industrialization", organized by Genesis Resourcing Consulting China, to be held on 10 & 11, March, 2011 at Pudong Ramada Plaza Shanghai, China.

Over the next ten years, the Chinese government will invest more than Yuan 100bn (US$15bn) in subsidising the country's industry and infrastructure for environmentally friendly and alternative fuel vehicles.

This two-day conference and exhibition will gather 200+ EV OEMS, Utilities, Charging Infrastructure Developers, EVs Charging Equipments, Technologies and Solutions Providers, Regulatory and Standards Bodies, Battery Technologies Providers, Components Manufacturers, Application Developers, Consulting and Investing Companies, Research Institutions and Associations to create win-win business models for China EV charging infrastructure economy.

Advisory board Chair Dr. CC. Chan in ZAP is one of the speaker in this event.

Dr. CC. Chan is President of the World EV Association EV Association of Asia Pacific Member of the Chinese Academy of Engineering Prof. He has had over 50 years academic and industrial experience. He is currently the Honorary Professor and the former Head of the Department of Electrical and Electronic Engineering, the University of Hong Kong. Prof. Chan is a Fellow of the Royal Academy of Engineering, U.K., the Chinese Academy of Engineering, the Ukraine Academy of Engineering Sciences, IEEE, IET and HKIE. He authored and coauthored 11 books, over 300 technical papers and holds 9 patents. His mission is to promote the global collaboration for the advancement of science and technology for global sustainable development.

OffcialWebsite:http://www.chinaevforum.com/index.asp

"Why EV can help? --Price of oil rises 30 percent in 2010 and could hit $4 a gallon in 2011

 Jan,7,2011
NEW YORK (AP) -- The price of oil is poised for another run at $100 a barrel after a global economic rebound sent it surging 34 percent since May. That could push gasoline prices to $4 a gallon by summer in some parts of the American Territory.

Flying, shipping packages or ordering a pizza, these activities all likely would get more expensive in the new years to come if companies pass along higher energy costs to the consumer. Some economists say rising energy prices will slow economic growth.

The U.S. is the world's largest oil consumer, but since spring prices have been on a roll, primarily because of rising demand in developing countries, especially China. China's oil consumption is expected to rise 5 percent next year; that compares with less than 1 percent growth forecast for the U.S.

The Organization of Petroleum Exporting Countries is capable of raising output, if it needs to, by more than five million barrels per day. Still, Morgan Stanley estimates that the rising energy needs of China and other emerging economies will consume about half of that amount over the next two years. That could create supply pressures similar to those that preceded the price spike of 2008, when oil soared to $147 a barrel.

In the present days when the oil prices are soaring, the demand for electricity as the alternate fuel for vehicles is bound to increase. Vehicles using electricity as fuel are called Electric Vehicles (EVs) or electric cars. In electric vehicles usually the battery is fitted that stores the electricity and runs the motor, which in turn rotates the wheels of the vehicle. 

Current Limitations of EVs:

1) The battery has to be charged regularly. The normal working range of battery is about 50-130 miles and it takes between 6-8 hours to fully recharge.

2) Limited charging stations infrastrusture available on roads and highways. In some states like California and Arizona, shopping malls and some stores offer charging facilities, but they are not available everywhere. The trend of providing charging points is surely going to spread across other businesses and states but right now is a serious setback，specially on long distance trips.

3) Though the vehicle running on electricity does not produce pollution, the power plants producing electricity do produce pollution. Contaminant created by thermal power plants are one of the major source of air-pollution. The electricity generated from solar energy will probably be the best solution to curb this effect since it is totally pollution free.

Vehicle manufacturers are striving hard to improve the performance of EVs. They have come up with a number of alternative arrangements like hybrid vehicles, in which electricity and/or gasoline can be used as fuel to run the vehicle.

ZAP stands for Zero Air Pollution®.
With its new product offerings, the Company is positioned to become a leading brand and distribution portal of advanced technology vehicles. ZAP and Jonway are committed to run their business based on a strong philosophical foundation that supports the environment, social responsibility and profitability.
Very soon we will have a clear proof of it with the development of the Green City in Shanghai, Yanpu District.

ZAP (OTC-BB: ZAAP) Moves to Complete Jonway Acquisition

Dec,21, 2010

Electric vehicle pioneer ZAP (OTCBB: ZAAP) completed its initial down payment of US$10 million towards the 51% acquisition of Jonway Automobile. Jonway Automobile plans to complete an audit of its financial statements by December 31, 2010 and thereafter, ZAP intends to finalize the acquisition with the payment of the US$19 million balance of the US$29 million purchase price.

ZAP Jonway factory

Jonway Automobile reported sales of over 4,000 gasoline vehicles through the end of September 2010, and projects total sales of over 6,500 vehicles by December 31, 2010. Jonway Automobile reported that wholesale sales prices of the vehicles averaged US$10,000. Jonway Automobile projects year-end revenues for 2010 to increase more than 40% compared to last year with its current gasoline vehicle product line. Jonway Automobile reports that it is debt-free, cash flow positive and able to finance its gasoline product revenue growth at the same rate for 2011.

Under the new equity structure, Jonway Automobile will be 51% owned by ZAP, and 49% by its original parent Jonway Group. This equity ownership transfer was approved by the Chinese government on October 3, 2010. Jonway Automobile plans to ramp up production of the A380 SUV electric vehicle (EV) in the first half of 2011 together with ZAP’s Alias EV by third quarter 2011 at their Sanmen, Zhejiang factory. By combining Jonway Auto’s ISO 9000 manufacturing facilities, capable of delivering over 50,000 vehicles per year, with ZAP’s EV technologies, products and expertise, the company aims to lead the emerging EV fleet market in China.
Alex Wang (Wang Gang) was recently appointed by ZAP’s board to be Co-CEO of ZAP. ZAP Jonway will expand the market to sell both gasoline and EVs from China to rest of the world.

ZAP Jonway recently showcased its EV product line at the 25th Electric Vehicle Symposium in Shenzhen to launch its EV sales in China targeting volume production delivery by the first half of 2011.

Focused on delivering quality products, Jonway started to sell its A380 SUV product line last year, offering quality and value incorporating a Mitsubishi power train. ZAP Jonway plan to enhance manufacturing facilities to produce electric vehicles in Jonway’s 3.6 million square feet of factory facilities on the 141 acres of land in Sanmen, Zhejiang Province, China.

Gasoline prices in U.S. is likely to hit season high. Will lithium become the new oil?

Dec,22,2010
Crude oil prices closed above $90 a barrel for the first time in two years, raising the likelihood that U.S. gasoline prices will reach an average of $3 a gallon for the first Christmas ever.

California already far surpassed that point this season — the average pump price was $3.28 Wednesday, according to the U.S. Energy Department. Experts said it's heading for $4 and more in parts of the state.

A gasoline price spike now would be even worse than it was back in 2008," said Stephen Stone, a 48-year-old computer scientist from Norwalk, because "the economy was booming then and people could afford it more."

Stone has already curbed his use of fossil fuels. He uses a Zap Zebra electric car for trips around town, but it has only a 40-mile range before needing a recharge. He uses a 2006 Town and Country van for longer drives.

Gasoline prices in U.S. is likely to hit season high. Will lithium become the new oil?

Lithium is predicted to turn into the most sought – and fought over – commodity on the planet according to the world’s industry sectors. China, Chile, Australia, America and many more countries are all investing to support the demand for lithium metal, which is set to grow as car makers increasingly look to lithium as a fuel solution.

ZAP begins Green City Development Project with Shanghai's Yangpu District

Dec,20,2010

Shanghai

Since ZAP Jonway CEO Steve Schneider joined the Bay Area Council in September 2010, regional ties with Chinese auto industry have been reaching ground breaking levels.

BAY AREA COUNCIL

ZAP signed an MOU agreement 

The Bay Area Council (http://www.bayareacouncil.org), opened an office in June 2010 in the Yangpu District of Shanghai to help Bay Area businesses expand into the Chinese market, while working to attract Chinese businesses and investment to that region. It has also held major conferences in China      on venture capital and green technology while hosting and sending senior delegations to China. Governor Arnold Schwarzenegger participated in some of the trade mission which weighted on ZAP Jonway's successfull deal with the government of Shanghai's Yangpu District to develop a Green City Zone in Yangpu's downtown, home to 1.24 million of people,using electric vehicles for its public transportation while installing also the EV charging infrastructure, battery swap-out stations and maintenance support centers.

ZAP Jonway CEO Steven Schneider

“New plug-in vehicle technologies from ZAP, together with Jonway’s cost effective manufacturing in China, will accelerate the implementation of our Green Project with Yangpu. This truly bridges the best aspects of both the US and China, leveraging the strengths of the technological innovation in the Bay Area and Yangpu,” said ZAP CEO Steve Schneider,

Governor Arnold Schwarzenegger

“We have just started the initial planning of this long term project. The hard work of implementation and operations is ahead of us. We believe that the project planning and resourcing will be a yearlong process. We are pleased to be part of Yangpu’s Green Project and share Party Secretary Chen Yin’s vision and commitment to delivering his objectives,” says ZAP Chairman Dr. Priscilla Lu.

To execute these plans and better access the Chinese market, ZAP Jonway will open its EV sales and operations office in the Yangpu District and plans to establish its research and development engineering center in the district to take advantage of the university communities, that within the 24 square mile district of Yangpu there are 14 universities surrounding the Knowledge Innovation Center (KIC), a technology community that includes Fudan University and Tongji University, making this area one of the leading research centers in China on Clean Tech.
About ZAP
Based in Santa Rosa, ZAP has been a pioneer in the electric vehicle industry since 1994, engaging in the design, development, commercialization and distribution of 100% pure electric vehicles and power systems, and delivering a wide range of vehicle designs to consumers and fleet customers in the United States and international markets for sixteen years.The company supplies electric trucks and vans to military, government and corporate fleets and offers personal transportation products including electric motorcycles, scooters, ATVs and some of the only electric city-speed vehicles in production today. ZAP is also developing a freeway capable electric vehicle called the ZAP Alias that was a finalist in the Progressive Insurance Automotive X PRIZE.

About Jonway
Jonway is the trade name of Zhejiang Jonway Automobile Co., Ltd., an automobile manufacturer based in Taizhou, Zhejiang, China that currently produces several thousand units per year of two SUV models, the A380 3-door and the A380 5-door.Built in 2009, Jonway’s modern 3.6 million square foot factory on 141 acres is ISO9000 certified and has the capacity to produce up to 30,000 units per year.It employs over 800 workers and distributes its vehicles in China through 80 factory direct dealers and hundreds of factory authorized dealers.Jonway Auto is a subsidiary of Jonway Group, which has been a leader in the manufacturing of motorcycles, ATVs and related products for more than 20 years.


Link:
ZAP Jonway CEO Joins Bay Area Council to Strengthen Regional Ties with China (Sep,4,2010)http://cn.reuters.com/article/pressRelease/idUS178719+03-Sep-2010+BW20100903?symbol=ZAAP.OB 


ZAP Begins Project Development on Green City Partnership with Shanghai’s Yangpu District (Dec,17,2010)http://finance.yahoo.com/news/ZAP-Begins-Project-bw-3498858309.html?x=0&.v=1&.pf=retirement&mod=pf-retirement

路是脚踏出来的，历史是人写出来的。人的每一步行动都在书写自己的历史。

Dec,10,2010
I picked out a chinese saying that come from Ji Hongchang, a military officer, as the title of this article It means: Man's every move is to write his history.

"What is the electric car?" make an effort to promote electric cars in marketplace, and this is as a step attempting to make a success in the development history of EVs.

Gary Dodd,Ginny, Kang 

We enter an historic time with real, mainstream electric cars poised to come to market.  Still, there seems to be a great deal of confusion and controversy around them, which is one reason why we like the new documentary premiering in Hollywood on December 14, “What is the Electric Car?” but not the only reason.

We really like “What is the Electric Car?” because our very own Ginny is one of the stars of the film.  Yes, THE Virginia (Ginny) Scales-Medeiros, mother of two, entrepreneur, inventor, auto maven and electric car proponent extraordinaire.

The story of how Ginny earned a role in the documentary “What is the Electric Car?” is somewhat ironic.  Ginny is perhaps the most outgoing, gregarious person we work with, and the perfect person to help represent ZAP for its Detroit Auto Show debut.  2010 was the very first year that Detroit’s North American International Auto Show (NAIAS) hosted a display dedicated to electric cars called “Electric Avenue.” ZAP was invited to display its Alias electric car in Detroit as part of the lead-up to the Progressive Insurance Automotive X PRIZE.

Link to ZAP Global Blog:  http://zapglobal.wordpress.com 

http://zapglobal.wordpress.com/2010/12/07/why-we-like-%E2%80%9Cwhat-is-the-electric-car%E2%80%9D/

Read more related news: http://zapglobal.wordpress.com/category/technology/

ZAP Jonway CFO-Bill Hartman come to Beijing Office

ZAP JONWAY CFO-Bill Hartman come to Beijing representitive office this Tuesday. Mr. Bill talk to the employees here about their work and share opinion of company development.

BestOFOTC.com: Top Traders at OTC on 11/24/2010 -ZAAP

BestOfOTC.com Top Traders at OTC on 11/24/2010: (HHWW, LFBG, MITK, IMDS, AMOK, ZAAP)

ZAP (OTC:ZAAP) closed on $0.990 moving up by 14.45% with total traded volume 927,724.00, ZAP designs, produces and sells fully electric and other advanced technology vehicles.

The Gravitational Pull of China

November 29, 2010

A recent report from iSuppli, an El Segundo technology research firm, predicts China will dominate nearly 72 percent of new photovoltaic manufacturing capacity this year.

Chinese companies hold seven of the positions on iSuppli’sT op 10 list, representing 6,445 megawatts of manufacturing capacity.

The back end of yet another green tech vehicle headed for manufacture in China.

 

Zap making big move into China

Nov.29

Jonway purchase would bring access to enormous Zheijang production plant

SANTA ROSA – Zap’s electric vehicles will most likely go into high-volume production in China.

The company’s pending 51 percent stake in Jonway Automobiles in the Zheijang Province of China will bring major changes to the 50-employee Santa Rosa pioneer of Zero Air Pollution vehicles, which got its start in Sonoma County in the 1970s.

Zap Jonway, as the new company will be called when the deal is finalized, will manufacture and sell both gasoline and electric vehicles.

ZAP Signs Agreement With Shanghai Officials

Shanghai officials have contracted Santa-Rosa based EV maker ZAP to provide charging stations, battery swap facilities and maintenance depots for the city's commercial Yangpu district. 

ZAP will also be working on a pilot electric vehicle eco-city program, incorporating vehicles developed by ZAP in Yangpu's bus, taxi and government fleets, with sales and marketing offices and research and development centers to be located there.

DManuel: What a wonderful morning for our ZAAP stock symbol...

DManuel: What a wonderful morning for our ZAAP stock symbol...: "Monday 22st of November, and I'm still a beijinger enjoying a beautiful sunshine from my office window, nostalgic of the outs and abouts of ..."

ZAPJonway's Good Performance on Stock Market with providing Update on Jonway Acquisition

 Zap(BB) Stock Chart (ZAAP)

• Electric vehicle pioneer ZAP completed its initial down payment of US$10 million towards the 51% acquisition of Jonway Automobile. 
• Jonway Automobile plans to complete an audit of its financial statements by December 31, 2010 and thereafter, ZAP intends to finalize the acquisition with the payment of the US$19 million balance of the US$29 million purchase price.  
• Jonway Automobile plans to ramp up production of the A380 SUV electric vehicle (EV) in the first half of 2011 together with ZAP’s Alias EV by third quarter 2011 at their Sanmen, Zhejiang factory. 
•  Jonway Automobile reported sales of over 4,000 gasoline vehicles through the end of September 2010, and projects total sales of over 6,500 vehicles by December 31, 2010.
• Read more:http://finance.yahoo.com/news/ZAP-Provides-Update-on-Jonway-bw-2656306336.html?x=0&.v=1

Nov,22,2010

ZAP and Jonway Auto Show Lineup at 25th Internationaicle Symposium (EVS-25) Electric Vehicle

Nov 08 2010

ZAP Jonway Exhibit at EVS-25 November 5-9 in Shenzhen, China

ZAP Jonway A380 Electric SUV/TAXI Exhibit at EVS-25

ZAP Jonway is showing off some of its most up to date electric vehicles at EVS-25. The ZAPPY3, the ZAPINO, ZAP DUDE electric ATV and the Electric SUV/ Taxi are commanding everyone’s attention. There is a great deal of interest for the Remy motors that we are displaying in the booth. The electric SUV/TAXI has been the focal point for the visitors to our stand. People from Hong Kong and UK are asking for right-hand steering wheels. Technology suppliers have been requesting the opportunity of testing their equipment in the A380. Having a great deal of interest from distributors in many parts of the world for using our ZAP fleet vehicles, Germany, Italy and Australia. A lot of sales interest for the ZAP DUDE. We’ve even noticed engineers from competing companies just couldn’t resist coming over to learn about our vehicles. People are also having fun test riding the ZAPPY3. Enthusiasts and friends of ZAP and Jonway are also visiting to say hello, including Lotus Engineering, Japanese Media, Chinese Media and high level executives from Jonway. We expect an even busier day tomorrow.

ZAP and Remy Electric Motors Sign Strategic Development and Supply Agreement

Date: Thursday, November 4, 2010

SHENZHEN, China, Nov. 5, 2010 

Remy Electric Motors, LLC, has been named the new electric motor supplier
to ZAP (OTC Bulletin Board: ZAAP). Today ZAP Founder Gary Starr and Remy
Electric Motors General Manager Kevin Quinn told an audience of exhibitors
and participants at this year’s World Electric Vehicle Symposium and
Exposition (EVS) in Shenzhen, China, that the two companies have signed a
long term motor supply and development agreement. Remy HVH 250 electric
motors will now be used globally in ZAP’s cars and sports utility vehicles.
Additionally, ZAP is developing a drivetrain with the Remy motor for use in
automotive platforms of ZAP and those of several Chinese vehicles.