CHENGDU (October 7, 2011) – Steve Schneider, Co-CEO for automotive pioneer ZAP Jonway (OTC BB: ZAAP), is scheduled to speak at the Global Automotive Forum, October 11-12 in Chengdu, Southwest China as part of an auto show and business forum covering relevant issues and challenges facing the industry today.
The Global Automotive Forum (GAF) has already established itself as one of the leading forums for the automotive industry. The theme for the 2011 forum is: “From Volume Leader to Innovation Leader.” This is Schneider’s second appearance at the Global Automotive Forum, now in its second year. ZAP Jonway is displaying its latest A380 SUV models during the concurrent Chengdu Motor Show. Schneider has more than 30 years experience in the automotive industry. Read more…
Across the Asia Pacific region, various national-level initiatives and programs are underway to promote the awareness and adoption of electric vehicles (EVs), including the establishment of aggressive goals, subsidies for EV purchasers, research and development support, tax incentives, and public education programs. In certain markets, particularly Japan, these efforts have already borne fruit. Market players in Japan and Korean, however, are concerned about new challengers, mainly driven by competition in China. The Chinese EV market has critically important implications for global market participants. According to a recent report from Pike Research, China will be the leading market for EVs in Asia Pacific by 2015. The cleantech market intelligence firm believes that the Chinese market will represent almost half of the region’s total sales by 2015.
“China, where around 55 vendors are developing electrified vehicles or launching EV development programs, will likely create and lead an entirely new category around clean transportation,” says senior analyst Andy Bae. “The country will become one of the biggest consumer markets for EVs, and global industry players want to enter this market to tap the related opportunities.”