ZAP Jonway Announces First Product Roadmap Leveraging Subsidiaries’ Strengths
Focusing on New Energy Efficient Vehicles, Gasoline and Full Electric, Utilizing Common Platforms
SANTA ROSA, California – November 15, 2011 – ZAP Jonway (OTC BB: ZAAP), a designer and manufacturer of gasoline and new energy electric vehicles (EVs), after extensive strategic planning and integration development, announced its joint product roadmap for 2012. The roadmap is focused on delivering affordable and technologically competitive new gasoline and EV models that address the growing market demand.
Dr. Priscilla Lu, Chairman of ZAP Jonway, stated: “The new ZAP Jonway models planned for delivery in 2012 maximize the strengths of both subsidiaries, ZAP and Jonway Auto. The new models utilize the experience base and the combined resources from both subsidiaries to accelerate the new EV models’ time to market, while maintaining the originally planned introduction of Jonway’s new gasoline models to the market in 2012. The new JNZ product line is designed to address EV platform requirements while remaining adaptable to either gasoline or an electric power train.”
Alex Wang, CEO of ZAP Jonway stated: “We are introducing a line-up of EV automobiles that will showcase our product quality and technology, and reposition the new ZAP Jonway brand. We are pleased to be able to expand the capabilities of Jonway Auto’s ISO:9000 certified factory to now include the new EV production line. We have engineered the integration of Mitsubishi drive trains in our gasoline vehicles to include industry-leading five-year warranties in China. We have jointly integrated and developed technologies to support Remy Motors’ industry-leading EV power train in our core EV platform for our top of the line EV models. Working together as one team to deliver these new models demonstrates our joint commitment to become a competitive supplier in the New Energy Vehicle market in China and the rest of the world.”
During the call the ALIAS was discussed for production in 2012:
JNZ ALIAS: The ALIAS, planned for delivery at the end of 2012, is a three-wheel sports vehicle designed to be highway ready with the necessary crash-tested safety requirements. The ALIAS was designed by ZAP for the consumer EV market. This three-wheel design enables the ALIAS to be homologated as a motorcycle while addressing the need for crash test safety, including normal vehicle regulation air bags. ALIAS leverages the existing infrastructure of Jonway motorcycles and its dealer network, and will use a similar EV drive train to the A380 but engineered for response and acceleration. Although not part of the fleet market product line of ZAP Jonway, it is intended to be produced in limited quantities to showcase the company’s engineering and technology capabilities.