ZAP and Jonway Auto Receives Endorsement And Recognition from Zhejiang Mayor and Party Secretaries As One of the Key Emerging EV Companies in China
SANTA ROSA, Calif. (August 28th, 2014) - ZAP (ZAAP), an Electric Vehicle (EV) automotive company incorporated in California and headquartered in Santa Rosa, California, and its subsidiary Jonway Auto received endorsement and accolades from Zhejiang Taizhou Mayor Mr. Zhang Bing, and Zhejiang Taizhou Party Secretary Mr. Wu Wei Rong in recent visits to Jonway Auto’s factory in Sanmen, Zhejiang. Specific recognition was given to Jonway Auto’s contribution to the industry in leading new energy vehicles, and its role in developing practical, safe and good quality EV products for China’s mass market at an affordable price. Previously, Mr. Xia Bao Lung, Party Secretary of Zhejiang also visited the factory in support of Jonway Auto’s pioneer effort in developing innovative and cost effective EV products for the China market.
Mr. Zhang Bing, Mayor of Taizhou city, and his delegation visited Jonway Auto on Aug 13, 2014, and were favorable impressed with ZAP and Jonway Auto’s EV product line and subsequently followed with suggestions on how Jonway Auto can more quickly expand its EV market in China with licensing grants particularly for the Urbee which is well positioned for the smaller urban cities of China.
One of the key target markets for Jonway Auto’s EV products in China is the government market, especially for the EV SUV and EV minivan products which are standard speed highway EV products that are eligible for large government subsidies. The smaller Urbee product line targets small urban cities in China and with the potential possibility of receiving special licensing support from the regional government, this market could expand further.
Jonway Group, the joint partner of ZAP and founder of Jonway Auto is headquartered in Taizhou, which is a city that is a couple of hundred miles of coastline on the eastern border of China just south of Shanghai and Ningbo. It is also the city where Geely Zhejiang Holding Group, the current holding company of Volvo was originally founded. With the endorsement and support of the Mayor of Taizhou in Zhejiang, Jonway Auto will be better position to address the potential government fleet opportunities within the surrounding regions.
About ZAP and Jonway Auto
ZAP and Jonway Auto designs and manufactures quality, affordable new energy and electric vehicles (EVs). Jonway Automobile has ISO 9000 manufacturing facilities, engineering, sales and customer services facilities in China, Jonway has production capacity of up to 50,000 vehicles per year, and has established sales distribution network in China. ZAP, an early pioneer of EVs, brings to both companies a broad range of EV product technologies. ZAP is headquartered in Santa Rosa, California and Jonway Auto 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 certain forward-looking statements is defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and similar expressions that may tend to suggest a future event or outcome are not guarantees of performance, which cannot be predicted or anticipated. These forward-looking statements are based largely on expectations and are subject to a number of risks and uncertainties, many of which are beyond the control of the Company. Actual results could differ materially from these forward-looking statements.
Contact: Michael Ringstad