Posts Tagged ‘wheel’
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 »
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.
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
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.
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.
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.
The 0-60 acceleration and 60-0 braking test is pretty straight forward for the ZAP Alias in the Progressive Insurance Automotive X PRIZE Knockout Stage. The only problem is that Consumer Reports told Al Unser Jr. he was going 57 MPH when the Alias hit the sensor pad for the braking test. What does he do? The next time Al makes sure he’s over 60 MPH by aiming for 70 MPH at the sensor pad and the Alias still stops before the cones.