Webcast and Transcript – ZAP Jonway 1Q2011 Financial Results Conference Call

ZAP Board Chair, Dr. Priscilla M. Lu

Date: 1:30 PM PDT, May 25, 2011

Audio Webcast – Click Here

Presenters

Priscilla Lu, Ph.D, Chairman

Steve Schneider, Co-CEO USA

Alex Wang, Co-CEO China

Benjamin Zhu, CFO

Priscilla Lu: Good afternoon ladies and gentlemen; greetings to everyone in the other time zones. Welcome to ZAP’s 1Q2011 Earnings Call.  We plan to be doing these quarterly earnings calls on a regular basis from now on.

I am Dr. Priscilla Lu, the Chairman of ZAP.  With me are Steve Schneider, Co-CEO of ZAP Jonway, Alex Wang, Co-CEO of ZAP Jonway for the Jonway Automobile manufacturing and sales in China, and Benjamin Zhu, our CFO for ZAP Jonway.  I will start with the Safe Harbor Statement, Forward-Looking Statement that we will proceed to read.

ZAP Jonway Announces its First Quarter 2011 Consolidated Results following Completion of the Acquisition of 51% of Jonway Automobile

SANTA ROSA, California (May 23, 2011) — ZAP Jonway (OTC BB: ZAAP) recently filed its Form 10-Q for the quarterly period ended March 31, 2011, which included consolidated financial results for the first time taking into account ZAP’s acquisition of 51% of the equity shares of Zhejiang Jonway Automobile Co. Ltd., or Jonway Automobile, located in Sanmen, Zhejiang, China, in January 2011. We refer to this transaction as the Jonway Acquisition.  The Jonway Acquisition was the result of a yearlong effort by both parties.  Jonway Automobile is an ISO 9000 production-ready automobile manufacturer in China with facilities that were installed in 2009. Through the Jonway Acquisition, ZAP has been able to gain access to a cost-competitive production team in China with manufacturing expertise and access to China’s growing

Thankz to Luther Burbank School for the Visit

Thanks to Ms. Crapeau's 5th Grade Class from Luther Burbank School, Santa Rosa, California for visiting ZAP

ZAP Jonway to Hold Annual Meeting of Shareholders on June 20, 2011

SANTA ROSA, Calif.–(BUSINESS WIRE)–Electric vehicle pioneer ZAP (OTC BB: ZAAP) is moving its previously announced June 15, 2011 annual meeting of shareholders (the “Annual Meeting”) to June 20, 2011 and will hold the Annual Meeting at the Hyatt Residency San Francisco Airport at 1333 Bayshore Highway, Burlingame, CA 94010. Shareholders of record at the close of business on April 25, 2011, the record date, will be entitled to notice of and to vote at the Annual Meeting. The Company will mail and provide access to its definitive proxy materials to its shareholders prior to the Annual Meeting.

About ZAP Jonway

On January 21, 2011, ZAP completed its acquisition of 51% of the equity shares of Zhejiang Jonway Automobile Co. Ltd. Together, ZAP Jonway combines ZAP’s 16 year experience in electric vehicle design and Jonway’s volume automobile manufacturing in China. ZAP Jonway supplies electric trucks and vans to the military, government and corporate fleets and is one of the early pioneers of electric motorcycles, scooters and ATVs. ZAP Jonway offers a product line of all-electric trucks, vans, sedans, and motorcycles in production today. ZAP Jonway news and information is available at http://www.zapworld.com.

Contacts

ZAP Jonway USA
Alex Campbell, +1-707-525-8658 ext. 241
acampbell@zapworld.com
or
ZAP Jonway China
Jessica Gao, +86 13511038395
juan.gao@zapworld.com

ZAP Jonway to Hold Annual Meeting of Shareholders on June 20, 2011

SANTA ROSA, Calif.–(BUSINESS WIRE)–Electric vehicle pioneer ZAP (OTC BB: ZAAP) is moving its previously announced June 15, 2011 annual meeting of shareholders (the “Annual Meeting”) to June 20, 2011 and will hold the Annual Meeting at the Hyatt Residency San Francisco Airport at 1333 Bayshore Highway, Burlingame, CA 94010. Shareholders of record at the close of business on April 25, 2011, the record date, will be entitled to notice of and to vote at the Annual Meeting. The Company will mail and provide access to its definitive proxy materials to its shareholders prior to the Annual Meeting.

About ZAP Jonway

On January 21, 2011, ZAP completed its acquisition of 51% of the equity shares of Zhejiang Jonway Automobile Co. Ltd. Together, ZAP Jonway combines ZAP’s 16 year experience in electric vehicle design and Jonway’s volume automobile manufacturing in China. ZAP Jonway supplies electric trucks and vans to the military, government and corporate fleets and is one of the early pioneers of electric motorcycles, scooters and ATVs. ZAP Jonway offers a product line of all-electric trucks, vans, sedans, and motorcycles in production today. ZAP Jonway news and information is available at http://www.zapworld.com.

Contacts

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