The ZAP Alias Electric Car

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Jonway Group Funds $18.2 Million to ZAP Jonway to Bring 2012 New Products to Production: ALIAS and JNZ Shuttle – Gas and Electric

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SANTA ROSA, Calif., Dec. 19, 2011 (GLOBE NEWSWIRE) — ZAP Jonway (OTCBB:ZAAP.OBNews), a designer and manufacturer of new energy and electric vehicles (EVs), entered a funding agreement with Jonway Group CO. Ltd., to pay for a total of $18.2 million for the already completed interior and exterior design and molding of the JNZ SHUTTLE Van; the completed engineering design, type approval certification and catalogue license of the gasoline transmission of the JNZ SHUTTLE Van; and the ALIAS interior and exterior design and molding, which is underway.

The JNZ ALIAS, a Motorcycle class electric vehicle (EV)Alex Wang, Co-CEO of ZAP Jonway’s China operation, CEO of Jonway Automobile, and a Director of Jonway Group, stated: “Jonway Group, the original holding company of Jonway Automobile is committed to delivering industry leading full electric new energy vehicles to the market, utilizing the strengths of Jonway Automobile’s manufacturing with ZAP’s EV technology experience and design. We believed in the market potential of the JNZ SHUTTLE Vans and started this design more than a year ago in Jonway Group, funded by the holding company of Jonway Automobile, while ZAP Jonway evaluates the market potential of this Read the rest of this entry »

ZAP Jonway Plans Limited Edition of ALIAS for Production Fourth Quarter 2012

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The ALIAS electric sports vehicle

SANTA ROSA, Calif., Dec. 16, 2011 (GLOBE NEWSWIRE) — ZAP Jonway (OTCBB:ZAAP.OB), a designer and manufacturer of new energy and electric vehicles (EVs), plans production of the ALIAS, ZAP’s highly anticipated sports EV, in the fourth quarter of 2012.

This limited edition production is now planned due to popular demand. It will showcase the engineering excellence of the ZAP Jonway’s EV power train and design. This 3-wheel version of the Alias is designed to be highway safety compliant and yet be able to expedite the long type approval testing process for entering into the U.S. market. Designed with decades of electric and automotive experience, the ALIAS serves a growing niche of automotive enthusiasts who want an affordable electric vehicle with the performance, looks and handling of an impressive sports car. The vehicle has a peak torque of over 200 kilowatts and range of 150 miles between charges. With one of the best engineered EV motors available supplied by Remy Motors, compact and light weight, the vehicle’s performance, handling and ride is competitive with traditional Tier One sports vehicles. ==> Continued Click Here

ZAP Jonway Announces First Product Roadmap Leveraging Subsidiaries’ Strengths

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The 2012 vehicle catalog for ZAP JONWAY JNZ
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.”

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ZAP Completes 51% Acquisition of Jonway Automobile of China, Cathaya Capital Funds a Total of US$36 Million

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New U.S.-China Automaker Aims at Emerging Electric Car Market

SANTA ROSA, California (January 25, 2011) – Electric vehicle market pioneer ZAP (OTC BB: ZAAP) announced today that it has completed its acquisition of 51 percent of the capital stock of Zhejiang Jonway Automobile Co. Ltd. of Sanmen, Zhejiang, China. Cathaya Capital LP has funded the aggregate amount of US$36 million.

The ZAP Alias electric car

The ZAP Alias Electric Car

The final payment of US$19 million related to the acquisition was made on January 21, 2011 with the funding from Cathaya Capital. Total cash payment for the acquisition of 51 percent of Jonway Automobile was US$30,030,000.

With ZAP’s electric vehicle (EV) technology expertise and international experience, the combined company intends to build the necessary production platform to address the Chinese EV market. The newly combined company, to be renamed ZAP Jonway, will leverage Jonway Auto’s A380 SUV, as well as its established distribution channels to the Chinese market with over 90 direct dealers. ZAP Jonway will manufacture and sell SUVs powered by ZAP’s electric drive train and expects to benefit from the 60,000 RMB (approximately US$9,000) government incentives granted to electric car buyers.

Jonway Automobile anticipates vehicle sales for its gasoline A380 SUV to increase by 40 percent to over 10,000 vehicles in 2011 compared to 2010. In 2009, its first year of sales, Jonway Automobile experienced sales of 4,000 SUVs, which rose to over 7,000 in 2010, each with a sales price of around US$11,000. ZAP Jonway is currently adding to its manufacturing production lines to deliver the A380 EV SUV by the anticipated date of June 2011 and ZAP’s ALIAS EV roadster by September 2011.

Read More at the ZAP Global Blog: http://zapglobal.wordpress.com

Written by ZAPalias

January 26, 2011 at 8:52 pm

ZAP Provides Update on Jonway Automobile Acquisition

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Jonway Auto plans production of Alias by third quarter 2011 at Sanmen, China factory

SANTA ROSA, Calif., Nov 18, 2010 (BUSINESS WIRE) — Electric vehicle pioneer ZAP (Stock Symbol: 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.

The Logo for Zhejiang Jonway Automobile Co. Ltd.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.

Read More at ZAP Global Blog

Written by ZAPalias

November 18, 2010 at 7:44 pm

Samyang Optics Takes Delivery of First Alias Electric Car from ZAP Jonway

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First Alias from ZAP Jonway Sold to Samyang Optics of Korea

First Alias from ZAP Jonway Sold to Samyang Optics of Korea

SANTA ROSA, Calif. — The first Alias electric car from industry pioneer ZAP Jonway (OTCBB:ZAAPNews) has been sold to distribution partner Samyang Optics (Kospi: 008080.KSE) of Korea.

Samyang Optics has taken delivery of a red Alias that first appeared at National Automobile Dealers Association Expo in New Orleans. The same Alias debuted to the public earlier this year at the Korea EV Challenge, sponsored by Samyang Optics.

Samyang Optics and ZAP Jonway have formed a business venture to introduce electric vehicles (EVs) to Korea. The government’s goal is to commercialize EVs and capture 10 percent of the global market by 2015. Korea wants EVs to comprise 10 percent of domestic small car sales by 2020.

The Alias is a finalist in the Progressive Insurance Automotive XPRIZE, a global competition that will award $10 million in prizes to teams that win a rigorous stage competition for clean, production-capable vehicles and exceed 100 MPG energy equivalent (MPGe). It is among nine vehicles remaining from the original 136 that started the competition. The winners will be announced September 16, 2010 in Washington DC. Further details are available at http://progressiveautoxprize.org.

“Any car that has made it through the XPRIZE finals is a winner in our book,” said ZAP CEO Steve Schneider. “Now begins the real work of preparing the Alias for market. It’s the first XPRIZE vehicle in the Kelley Blue Book, so that’s a good start.”

About ZAP

ZAP is one of the oldest and most experienced EV 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. The Santa Rosa, California based company offers some of the only electric city-speed cars and trucks in production today. Further news and information is available at http://zapglobal.wordpress.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.

Contact:

ZAP
Alex Campbell
+1-707-525-8658 ext. 241
acampbell@zapworld.com

Go Alias, Go ZAP Alias! Grease Tribute to ZAP Electric Car

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The ZAP Alias is attracting fans from all over the world, but nowhere more than Asia. From the Korea EV Challenge to the Beijing Motor Show, to automaker Jonway in Hangzhou, to Japanese tourists — the fan-base for the Alias continues to grow. Thank you to Samyang Optics for putting on this fantastic show for the Alias. John Travolta, you might want to go on a Grease Rivival tour to Asia with the ZAP Alias!

Don’t miss the ZAP Alias in the upcoming finals of the Progressive Insurance Automotive X PRIZE, July 19 – 29 at Michigan International Speedway in Brooklyn, Michigan.

BusinessWeek: ZAP Alias ‘Fully Charged’

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BusinessWeek article about the ZAP Alias Electric Car

The ZAP Alias Electric Car will compete in the knockout stage of the Progressive Insurance Automotive X PRIZE scheduled June 20, 2010

BusinessWeek/Bloomberg included the ZAP Alias in their roundup of new designs waiting in the wings as the GM Volt and Nissan Leaf are scheduled to come out later this year.  The picture is worth a thousand words, but the article deftly raises four important issues about ZAP in a short space:  1)  It confirms that ZAP’s futuristic electric car has progressed into the next round of the Progressive Insurance Automotive X PRIZE;  2) It notes ZAP’s business model of partnering with China to build electric vehicles; 3)  It mentions that ZAP has “promised EVs that didn’t materialize in the past” but with  over 117,000 units of a diverse range of electric vehicles delivered, could they be more specific?  and 4) The ZAP Alias is scheduled for availability in ‘Late 2010,’ that is, of course, if you have placed your reservation.  It doesn’t squeeze between cars, burn gas, balance on 2 wheels, or fold… but it drives pretty darn well as you can see here and here.

Read More: BusinessWeek/Bloomberg: ‘Fully Charged’

Jonway to Manufacture ZAP’s Alias Electric Sports Vehicle in China

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SANTA ROSA, Calif., April 29 — Electric transportation pioneer ZAP (OTC Bulletin Board: ZAAP) has contracted Zhejiang Jonway Automobile Co. Ltd. to be the manufacturing partner for its futuristic Alias electric sports car in China.

ZAP and Jonway have agreed to accelerate volume production manufacturing plans following successful debut of a pre-production Alias at the Jonway exhibit at the Beijing Motor Show last week.

ZAP is targeting the electric vehicle market in China and worldwide markets, making Alias one of the first electric sports cars to be produced in China.

(Photo: http://www.newscom.com/cgi-bin/prnh/20100429/SF95746)

Jonway is ZAP’s manufacturing partner on a number of different electric vehicle models and Alias is one of latest models included under the strategic commercial agreements signed earlier this year. In addition to the Alias, Jonway is ZAP’s manufacturing partner for its SUV electric taxi based on Jonway’s A380 SUV and is launching production manufacturing for the China market with volume delivery this year.

“We are very pleased with the positive response and strong interest shown at the Beijing Motor Show,” said Jonway CEO Alex Wang.

ZAP is actively seeking support for manufacturing in the U.S. and is engaged in preliminary discussions with state and local government officials regarding possible future sites.

Alias is Put to the Test

ZAP will validate performance specifications of the Alias and showcase its capabilities at the Progressive Insurance Automotive X PRIZE (PIAXP), an international competition for clean, production-capable automobiles capable of 100 MPG and above energy equivalent.

ZAP has designed the Alias to travel at freeway speeds with an estimated range of over 100 miles per charge. One of the pre-production ZAP Alias vehicles will compete in the Shakedown Stage of PIAXP, which takes place next week at Michigan International Speedway. Alias is competing in side-by-side alternative vehicle category. For more information on the X PRIZE event, visit their website at http://www.progressiveautoxprize.org/. Follow the ZAP Alias in the competition at https://zapalias.wordpress.com.

ZAP plans to offer the Alias for US$35,000 and is accepting limited orders for its special edition models. Orders for the Alias can be placed on the website http://www.zapworld.com for a refundable reservation fee of US$1,000.

About Jonway
Jonway is the trade name of Zhejiang Jonway Automobile Co., Ltd., an automobile manufacturer based in Taizhou, Zhejiang, China that currently produces over 10,000 units per year of two SUV models, the A380 3-door and the A380 5-door configurations. Zhejiang 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. In 2009, the Company sold more than 120,000 motorcycles and other vehicles internationally in the European Union and the United States and has a capacity to build up to 400,000 vehicles annually. The Company recently began producing electric motorcycles and related vehicles. Jonway Group and its subsidiaries also produce motor parts, light building materials, air-compressors and plastic components while managing a portfolio of real estate holdings. Jonway Group owns several manufacturing subsidiaries throughout China with a total manufacturing space of 57.3 hectares employing more than 1,000 personnel.

About ZAP
ZAP is one of the world’s oldest 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. The Santa Rosa, California based company offers some of the only electric city-speed cars and trucks in production today and is leveraging its accrued technology know-how in developing a cost effective high-speed electric car called the ZAP Alias. For further information visit 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.

iPhone Video of ZAP Electric Alias, Taxi at Beijing Motor Show

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BEIJING, April 21 — ZAP (OTC Bulletin Board:ZAAP.ob – News), the U.S. electric vehicle pioneer, is introducing its design and engineering expertise to the Chinese market by displaying its all-electric ZAP Alias prototype sports car and Taxi targeting the fleet market at the Beijing Motor Show.

The ZAP Alias is competing in the Progressive Insurance Automotive X Prize, a competition for 100+ MPGe cars. The Shakedown Stage begins today at Michigan International Raceway.  Read more about the Beijing Motor Show on the ZAP Global Blog.

Written by ZAPalias

April 26, 2010 at 6:27 pm

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