ZAP Jonway Leads Chinese Market with Five-year Warranty on Full Mitsubishi Drive Train
Demonstrates Commitment to Quality in its Drive Train Technology
SANTA ROSA, Calif., Nov 14, 2011 (BUSINESS WIRE) -- ZAP Jonway (OTC BB: ZAAP), a designer and manufacturer of gasoline and new energy electric vehicles (EVs), extended its Mitsubishi drive train warranty on all its manual transmission (1.6 liter, 1.8 liter and 2.0 liter) and automatic transmission vehicles, standing behind the company's commitment to its product quality and specifically in the core engine technology quality.
This five-year warranty leads the Chinese market where most local auto manufacturers use locally made and designed engines and transmissions with one or two year limited warranty periods. Jonway's A380 G-5 and A380 G-3 gasoline sports utility vehicles (SUV) are the only SUVs designed, produced and sold in China that include both an internationally acclaimed drive train leader, Mitsubishi, and an extended five-year warranty. Jonway's Mitsubishi power train and transmission are integrated with a Bosch engine control unit (ECU), which manages and controls the emissions and power of the overall engine.
"Delivering quality in our technology, in customer service and in overall product support are the priorities and the core values of our business," said Alex Wang, Co-CEO of ZAP Jonway's China operations. "We extended to a five-year warranty on our Mitsubishi power train to show our dedication and confidence in offering quality in our products. Our commitment to producing best in class vehicles is what we believe differentiates ZAP Jonway in the marketplace. We also believe we are currently the only Chinese automaker who offers a complete Japanese drive train system with a German ECU. We expect the quality of our core engine technology is one of the driving reasons that international partners in Brazil, Thailand, Russia and the Middle East have sought us out to be their preferred partners in their respective markets. Our automatic transmission SUV that utilizes the Mitsubishi drive train is the first to be offered in the Chinese market, a key reason behind the increased popularity and demand for this vehicle from customers."
ZAP Jonway has a distribution network of over 300 dealers and sub dealers, as well as 230 customer service center partners in every province of China and is providing support and promotion of this new five-year warranty program for the new models to its customers. ZAP Jonway plans to add a special sales force in Shanghai to address fleet sales to government institutions and business corporations, where product quality, support and reliability are keys to the company's success.
About ZAP Jonway
ZAP Jonway combines the attributes of both companies, ZAP and Jonway Automobile, to design and manufacture quality, affordable gasoline and new energy electric vehicles (EVs). With Jonway Automobile's established ISO 9000 manufacturing facilities, research and development and sales and customer services facilities in China, ZAP Jonway is well positioned to scale up production and sales for both gasoline and EVs for China and the international markets. ZAP, an early pioneer of EVs, brings to the new combined company a broad range of EV design experience that is being applied to new product lines. ZAP Jonway is focused on addressing EV fleets targeting city delivery trucks and vans used by university campuses, government and corporate markets in China and the United States, while utilizing its gasoline vehicle production quantities to gain economy of scale through its common vehicle parts and platforms. ZAP Jonway benefits from the established China dealership and customer support network developed by Jonway Automobile for its China sales and services. ZAP Jonway is headquartered in Santa Rosa, California and its production facility is located in Zhejiang Province of the People's Republic of China. Additional information about ZAP Jonway is available at http://www.zapworld.com.
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 ZAP's periodic reports filed with the Securities and Exchange Commission.