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Samyang Optics Takes Delivery of First ZAP Jonway Electric SUV for Korea Taxi, Fleet Market

July 14, 2010 2 comments

ZAP Electric Taxi Answers Korea EV Challenge

Samyang Optics took delivery of the first ZAP Jonway electric SUV.

SEOUL, South Korea, July 14, 2010  — Electric vehicle pioneer ZAP (OTC Bulletin Board:ZAAP.obNews) and Zhejiang Jonway Automobile Co. Ltd. delivered the first electric taxi produced through their China venture, ZAP Jonway, to Korean distribution partner Samyang Optics (Kospi: 008080.KSE).  Several new ZAP electric vehicles will be on display at the automotive engineering technology expo EV KOREA July 14-16, 2010 at the Coex exhibition center in Seoul.

Samyang Optics and ZAP Jonway will showcase new electric vehicles (EVs) they are planning for Korea. The ZAP Taxi will be on display, an electric SUV based on the Jonway A380 with an electric drivetrain designed and integrated by ZAP. The Alias will be on display, a futuristic-looking electric car designed by ZAP and finalist for the Progressive Insurance Automotive X PRIZE, a competition of 100MPG or energy equivalent vehicles with the final taking place July 19-29.  ZAPPY3 personal electric transporters will be scooting around the exhibit.

Samyang Optics and ZAP Jonway have formed a business venture to distribute electric vehicles in Korea as part of the government’s push to commercialize EVs and capture 10 percent of the global market for zero-emission plug-in cars by 2015 with the target of having all-electric vehicles comprise 10 percent of domestic sales of small-size cars by 2020.

Samyang Optics and ZAP Jonway are the official sponsors of EV KOREA, with support from the Korean Ministry of Knowledge Economy, Presidential Committee on Green Growth, Seoul Metropolitan Government, Korea Transport Institute, Electronics and Telecommunications Research Institute, Korea Electronics Technology Institute Korea, Automotive Research Institute, Korea Electric Vehicle Industry Association and others.

EV KOREA was created to harness the growing interest in electric vehicles by bringing together all the key players in the global EV market.  The event is being held concurrently with the New & Renewable Energy and Battery Expo 2010, to create more synergies and maximize business.  EV Korea expects over 100 exhibitors and up to 25,000 attendees.  More information is available at http://www.evkorea.kr.

ZAP is one of the world’s oldest and most experienced electric vehicle providers, having delivered over 117,000 of a broad range of electric vehicles to more than 75 countries since 1994. Additional information is available at http://www.zapworld.com.

Safe Harbor Statement

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 the ZAP’s periodic reports filed with the Securities and Exchange Commission.

Contact:

ZAP USA
Alex Campbell
707-525-8658 x 241
acampbell@zapworld.com

USA Media
Pat Meier-Johnson
+1 415-717-9677
patmeier@patmeier.com

International Media
Ron Theis
+1 248-644-3330
rlt@theis.com

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ZAP Founder Delivers Keynote Speech on Global Electric Car Trends at KOTRA’s Global TransporTech 2010 in Korea

June 10, 2010 Leave a comment
ZAP Alias on display at Auto Show in Korea

The ZAP Alias electric car was on display at Global TransporTech 2010 in Daegu, South Korea

ZAP Displays Electric Taxi, ZAP Alias at Auto Industry Exhibition in Korea with Distribution Partner Samyang Optics

DAEGU, South Korea (June 9, 2010) – Gary Starr, founder of electric vehicle pioneer ZAP (OTC BB: ZAAP), will deliver a keynote speech on global trends in electric vehicles at Global TransporTech 2010, an annual exhibition and conference for the Korean auto industry.  With Korean distribution partner Samyang Optics Co. Ltd. (Kospi: 008080.KSE), ZAP is exhibiting its electric taxi and ZAP Alias prototype electric car at the event being held in Daegu, South Korea.

Gary Starr, Founder of ZAP

Gary Starr

ZAP is participating in the event as a guest of the South Korean Government and the Korea Trade-Investment Promotion Agency (KOTRA). Representatives from KOTRA recently visited ZAP in California to discuss incentives that would support adoption of electric vehicles (EVs) in Korea. Sponsored by KOTRA, Daegu and North Gyeongsang Province, Global TransporTech 2010 is a gathering of the world’s leading automotive and heavy equipment buyers.  For further information, visit its website: http://www.2010transportech.org.

Earlier this year, ZAP formed a partnership with Samyang Optics to distribute its full line of EVs in Korea.  The Korean government has announced plans to offer subsidies, tax benefits and funding allocations for EVs of over 400 billion won (close to US$500 million) managed by Ministry of Knowledge Economy.  Over time, ZAP and Samyang Optics expect to develop an assembly process for EVs in Korea to assist the government in job creation.  The goal is to eventually source and manufacture the parts and EV components in Korea.

Mr. Starr is delivering the keynote address on “Global issues and trends related with environment-friendly future vehicles” in his presentation entitled “EV Markets & Opportunities.”  A prolific EV designer and marketer since 1974, Starr has been involved in the production of over 100,000 of a broad range of EV designs. In 1993 Automotive News named Starr among the top ten authorities in the electric car industry.  Copies of Starr’s presentation are available upon request.

Founded in 1994, ZAP is one of the world’s oldest and most experienced electric vehicle providers. For further information about ZAP, visit its blog at https://zapglobal.wordpress.com or its website at http://www.zapworld.com.

Safe Harbor Statement

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 the ZAP’s periodic reports filed with the Securities and Exchange Commission.

Global TransporTech 2010 Launch Ceremony

Gary Starr at Global TransporTech 2010

See more images at ZAP Global Photostream on Flickr.

Contacts:

Alex Campbell, ZAP
707-525-8658, x 241
acampbell@zapworld.com

Pat Meier Associates Public Relations, for ZAP
Pat Meier-Johnson, 415-389-1700
patmeier@patmeier.com