Posts Tagged ‘three wheeler’
Jonway Group Funds $18.2 Million to ZAP Jonway to Bring 2012 New Products to Production: ALIAS and JNZ Shuttle – Gas and Electric
SANTA ROSA, Calif., Dec. 19, 2011 (GLOBE NEWSWIRE) — ZAP Jonway (OTCBB:ZAAP.OB – News), 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.
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 »
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 Completes 51% Acquisition of Jonway Automobile of China, Cathaya Capital Funds a Total of US$36 Million
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 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
Big Thankz to a friend of ZAP for making this wonderful video. ZAP engineer Frederic Marangone has a friend in Los Angeles that offered to make a promo reel of the Red/Black ZAP Alias in association with Retainer Films. It was shot while the Alias was down shooting the webisode with Flo for the Progressive Insurance Automotive X PRIZE. Sweet dreams!
The Zap Alias won the on-line poll for the most attractive car, but this car is far more than just a pretty face. An efficient and quick three-wheeled side-by-side, this electric vehicle carries a 32 kWh advanced lithium-ion phosphate battery made by one of the largest BEV manufacturers in the US, yet it still weighed in at a modest 2733 pounds. This car showed innovation in both its design and execution, yielding excellent performance and efficiency.
Class: Alternative Side by Side
No. of wheels: Three
Drive type: Battery electric, front-wheel-drive
Battery type: 32 kwh, lithium-ion
Charging: 110v or 220v
Thankz for the great video, XPRIZE! Watch more videos at the XPRIZE Foundation YouTube Channel.
Here is a great TV news story from FOX News on the Progressive Insurance Automotive X PRIZE. It shows clips of the ZAP Alias and other XPRIZE cars going around the track with an in-studio appearance and commentary by Glenn Renwick, CEO of Progressive Insurance.
Popular Mechanics Features ZAP Alias Electric Car in Automotive X PRIZE Finals Coverage
A Popular Mechanics cover-story gives the Alias electric car from ZAP 4-1 odds to win the Progressive Insurance Automotive X PRIZE as the remaining seven teams move onto dynamometer efficiency testing and validation this month at Argonne National Lab.
“A solid effort from a proven electric-car builder,” writes John Pearley Huffman in the September 2010 issue of Popular Mechanics, on news stands now. From the original 136 vehicles entered in the X PRIZE, ZAP is among the nine remaining vehicles moving onto laboratory efficiency validation to determine the final winner, which will be announced in September.
The Popular Mechanics article features photos and coverage of several competitors from the XPRIZE, including FVT’s Evaro, Li-Ion Motors’ Wave II, Edison2, Western Washington University’s Viking 45, RaceAbout, X-Tracer, Illuminati Motor Works Seven and Aptera’s 2e.
The photo shoot was done in May immediately following the Shakedown. The ZAP Team said it was a high point of the three-year competition. In the months and weeks building up to the XPRIZE Shakedown event team ZAP was often working 16 hour days and this was the first time the team was able to relax and reflect on its accomplishments. While many teams struggled and were eliminated from continuing in the competition, the Alias performed beautifully, earning fans while proving three-wheelers can easily match the performance of four-wheelers. Popular Mechanics photographer Joe Pugliese turned a garage at Michigan International Speedway into a photo studio.
Thank you to Popular Mechanics for opening a window to the X PRIZE for the outside world, highlighting these new breakthroughs in MPG efficiency.