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ZAP Jonway Announces First EV Product Roadmap Leveraging Subsidiaries’ Strengths

Focusing on New Energy Efficient Vehicles, Gasoline and Full Electric, Utilizing Common Platforms

SANTA ROSA, California – November 15, 2011 – ZAP Jonway (OTC BB: ZAAP), a designer and manufacturer of gasoline and new energy electric vehicles (EVs), after extensive strategic planning and integration development, announced its joint product roadmap for 2012. The roadmap is focused on delivering affordable and technologically competitive new gasoline and EV models that address the growing market demand.

Dr. Priscilla Lu, Chairman of ZAP Jonway, stated: “The new ZAP Jonway models planned for delivery in 2012 maximize the strengths of both subsidiaries, ZAP and Jonway Auto. The new models utilize the experience base and the combined resources from both subsidiaries to accelerate the new EV models’ time to market, while maintaining the originally planned introduction of Jonway’s new gasoline models to the market in 2012.  The new JNZ product line is designed to address EV platform requirements while remaining adaptable to either gasoline or an electric power train.”

ZAP Jonway Appoints 20-Year Chinese Automotive Veteran Zhang Da Qi as General Manager of Jonway Auto/Operations and Sales

FAW Sales Veteran Strengthens Strategic International Sales Efforts

SANTA ROSA, Calif., Nov. 1, 2011 (GLOBE NEWSWIRE) — ZAP Jonway (OTCBB:ZAAP.OB – News), a designer and manufacturer of gasoline and new energy electric vehicles (EVs), appointed Zhang Da Qi as General Manager of Jonway Auto/Operations and Sales. In this role, he will focus on strengthening the company’s marketing and sales organization and its supporting operations. Mr. Zhang reports directly to co-Chief Executive Officer, Wang “Alex” Gang.

Alex Wang, co-Chief Executive Officer of ZAP Jonway, stated: “Zhang brings over 20 years of automotive management experience. He spent fifteen years, working with general manager responsibilities, in one of the automotive divisions of First Auto Works (FAW), ranked third largest in China. He has a proven track record in building up a strong sales team that delivered several tens of thousands of vehicles per year. He also led the sales team during the formative years at Zotye Auto, a private automobile company based in Hangzhou, where he was instrumental in building up sales from scratch in a short couple of years’ time and delivered over 30,000 vehicles per year.”

More at ZAPJONWAY.COM

• ZAP Jonway Appoints 20-Year Chinese Automotive Veteran Zhang Da Qi as General Manager of Jonway Auto/Operations and Sales

Celebrating its 17th Anniversary, ZAP Jonway Positions Itself for Future

SANTA ROSA, California (September 23, 2011) – Today electric vehicle pioneer ZAP Jonway (OTC BB: ZAAP) celebrates its 17th Anniversary in the industry. ZAP’s majority acquisition of Chinese automobile manufacturer Zhejiang Jonway Automobile Co. Ltd. earlier this year (which resulted in the corporation formally doing business as ZAP Jonway), the additions of several new executives, and other structural changes have the company freshly focused in a new direction and prepared for future growth.

Engineering & High-Quality, Volume Manufacturing

The acquisition of Zhejiang Jonway Automobile in January was the first in a series of major positive structural changes for ZAP Jonway, including new management, new vehicles, new technologies, streamlining US operations, and a new overall direction.

“We couldn’t be more pleased with all the beneficial changes we’ve made in the last nine months,” says Alex Wang, Co-CEO of ZAP Jonway. “Now that Jonway and ZAP are operating as one entity, we can leverage the expertise of our Californian sales, marketing and engineering teams, and combine it with the high-quality, volume manufacturing of our China manufacturing facility, making us uniquely poised to become the market leader in practical commercial and consumer electric vehicles.”

ZAP Jonway Secures Up to US$16.33 Million in Bank Lines, Outlines Expansion Strategy

SANTA ROSA, California (September 15, 2011) – Zhejiang Jonway Automobile Co., Ltd. (“Jonway Automobile”), a majority-owned subsidiary of ZAP Jonway (OTC BB: ZAAP), a growing manufacturer of electric vehicles, announced today that it is approved for two credit facilities for a total of $16.33 million in available credit. These credit facilities will be used to support the company’s expansion plans, with emphasis on its electric vehicle production line facilities in China. The credit will also help advance new electric vehicle initiatives, launch new strategic global sales and marketing operations, bolster infrastructure, and finance working capital.

Jonway Automobile, a Sanmen, China based manufacturer of the 3 and 5-door A380 SUV, entered into a Credit Granting Agreement with the Taizhou Branch of China Merchants Bank for a revolving credit line in the aggregate amount of RMB21 million (US$3.28 million) from a total of RMB40 million (US$6.25 million) that is available through China Merchants Bank. Additionally, Jonway Automobile was also approved for a credit line in the aggregate amount of RMB64.5 million (US$10.08 million) from the Taizhou Branch of Everbright Bank of China. Both credit facilities when drawn down will be secured by lands owned by Jonway Automobile and guaranteed by Jonway Group, headquartered in Taizhou. ZAP Jonway is a supplier of all-electric vehicles (EVs) to the military, government and corporations and an early pioneer of electric motorcycles, scooters and ATVs.

ZAP Jonway Appoints Tony Nie, Formerly of Lotus Engineering, as Vice President of Strategic Business Development

SANTA ROSA, Calif.–(BUSINESS WIRE)– Electric vehicle pioneer ZAP Jonway (OTC BB:ZAAP.ob – News) appointed To

ny (Tianxin) Nie as Vice President of Strategic Business Development overseeing strategic partnerships and key client relationships in China and Asia, as well as General Manager of ZAP Hangzhou Joint Venture, which will be the electric vehicle technical center for ZAP Jonway in China.

Tony (Tianxin) Nie

Mr. Nie was formerly Director of Sales & Marketing of Lotus in China as well as Lotus Engineering’s leader and founding member for China. He has been with Lotus since 2005, overseeing business development, sales, engineering developments, marketing and public relations in China. A citizen of the People’s Republic of China, he earned a Masters Degree in International Marketing Management from Leeds University Business School in 2003 and his Bachelor of Science Degree in Mechanical Engineering from Beijing Textile Engineering University in 1994.

Responsible for establishing Lotus Engineering in China, Mr. Nie worked on a number of technology projects and engineering designs, including hybrid vehicles, electric vehicles (EVs) with range extensions, as well as pure EV designs. He has managed more than 20 different chassis design projects; three engine projects, an

d 15 technology engineering projects. This involved a broad range of products and projects in electric and hybrid vehicle technologies, whole vehicle designs, power-train designs, chassis engineering, energy flow management strategies, vehicle control technologies and vehicle testing processes.

Steve Schneider Listed Among Green Technology Leaders of North Bay

Congratulations to ZAP Jonway Co-CEO Steve Schneider for being listed in the North Bay Business Journal’s list of 46 leaders in the Green Technology business community. Published in the March 21 issue of the North Bay Business Journal, the report highlights 46 North Bay professionals in various fields who have been leading development and implementation of environmentally sustainable technologies, such as solar electric and geothermal energy, erosion control for better stream water quality and energy-efficient construction.

ZAP Jonway Co-CEO Steve Schneider

Other notable inclusions to the list, to name just a few, are Mike Benziger of Benziger Family Winery, Grant Davis of the Sonoma County Water Agency, Greg Fowler of Constellation Wines, Ann Hancock of the Climate Protection Campaign, John Kennedy of Autodesk, and John Schaeffer of Real Goods Solar.

Schneider said his interest in electric cars and green technologies started at an early age.  When he was very young, his parents moved the family away from the hectic urban-lifestyle of New York to raise their children on the undeveloped island nation of Roatan off the coast of Honduras. Schneider said he was literally cut off from civilization, with no running water, no electricity, no television, no radio, no roads and no cars.  It helped him develop an appreciation for the environment which he still carries to this day. Ironically, his father was the first person to introduce a motor vehicle to Roatan, a moment Schneider remembers fondly and one that apparently made an indelible impression upon him throughout his career.  After moving back to the United States, Schneider’s first job was working at an auto dealership at the age of 17.

More:

• North Bay Business Journal: Spotlight: Leaders in Green Technology
• Biography: Steve Schneider, Co-CEO of ZAP Jonway

Documentary “What is the Electric Car?” Santa Rosa Showing Feb. 17

UPDATE: Hear Scott duPont being interviewed on Santa Rosa’s News/Talk Radio KSRO 1350 AM – Click Here

Film Answers that Question as Electric Cars Start Arriving in California Showrooms

Just as 100% Electric cars start arriving in Northern California showrooms, a timely documentary film “What is the Electric Car?” will have its Santa Rosa Premiere on Thursday, February 17th. The film will screen at 7pm at Summerfield Cinemas.

The movie runs 75 minutes and several of the “star cars” from the film will be in attendance! Several cast members will also be on hand after the film including Santa Rosa resident Ginny Medeiros along with a few of the producers who will do a short Q & A after the special screening. Santa Rosa is the 8th tour stop of the popular film which is touring the country as the producers hope to educate current drivers and dispel common “myths” and misconceptions about electric cars to those including students already driving and to those getting their driver’s license for the 1st time.

The film answers the many questions millions have about the new electric cars. This timely feature film contains insightful interviews with key manufacturers, vendors, drivers & pioneers in the Electric Vehicle (EV) industry predicted to explode over the next 12 months and create thousands of jobs as new cars like the Chevy VOLT and Nissan Leaf join the ZAP EVs arriving in California showrooms this month. Viewers will likely consider these new EVs (which plug into a 110 outlet & don’t use a drop of gasoline or oil), before purchasing their next car. Warren Buffet has quoted: “All cars will be electric in 20 years”.

Many celebrities contributed to this “green themed”, enlightening film including Jay Leno (who let producers in his garage to film his 1908 Baker Electric), Ed Begley, Jr.

(filmed at the ‘Go Green Expo’), and “Baywatch” star and EV activist Alexandra Paul who hosted a behind the scenes chapter for the DVD to be released this spring. Renowned Artist Romero Britto (www.Britto.com) spent 2 months painting the world’s 1st BRITTO TM electric car (a Tango T-600 Commuter Car), and Chábeli Iglesias just signed on to host the film’s Spanish language version of the film which will be available for Latin American and Spanish speaking markets later this year.

The film has already screened in several cities including Miami Beach, Orlando, & West Palm Beach, Florida and most recently in Santa Monica, Hollywood & Santa Barbara, California including a star studded west coast premiere at the famous Egyptian Theatre. Producers are now planning at least 25 more theatrical screenings as well as special educational screenings at elementary and high schools around the state before taking the film back east to New York and then on to Barcelona, Spain.

The ZAP Alias electric car.

The film was shot on locations around Michigan, California, Florida, including Jay Leno’s Garage, the Petersen Automotive Museum, the Int’l. Detroit Auto Show & the Henry Ford Museum. The film makers are now doing weekly giveaways (DVDs, t-shirts, etc.) and just today announced another contest from ZAP (one of the film premiere’s sponsors – based in Santa Rosa) to hold its second contest to give away a FREE Electric Car to one of the film’s lucky FaceBook friends! Media inquiries and press requests may contact publicist Bill Hooey at BillHooey@earthlink.net.

More:

• Print Flyer for Santa Rosa Showing – Click Here
• Why we like “What is the Electric Car?” Documentary
• Photos from the Hollywood Premiere

More information contact: Ginny Medeiros, 707-525-8659 x 295 or Alex Campbell, 707-525-8658 x 241

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Documentary Debuts in Santa Rosa Feb. 17

 

PODCAST: KQED Public Radio Interviews ZAP Execs

KQED Radio’s Rachael Myrow visited ZAP in December for a series they are doing as part of their California Report, called “Shifting Gears.”  She interviewed ZAP’s founder Gary Starr as well as ZAP Chairwoman Dr. Priscilla Lu in a piece called “California: EV Designer for the World.” The two ZAP executives offered incite into ZAP’s plans in China, including plans for acquiring Zhejiang Jonway Automobile Co. Ltd., which was announced yesterday. Tune into the podcast and view the slide show on KQED’s website.

Source: KQED News

See Also: ZAP Completes 51% Acquisition of Jonway Automobile of China, Cathaya Capital Funds a Total of US$36 Million

ZAP Completes 51% Acquisition of China’s Jonway Automobile, Cathaya Capital Funds Total of US$36 Million

New U.S.-China Automaker Aims at Emerging Electric Car Market

SANTA ROSA, California (January 25, 2011) – Electric vehicle market pioneer ZAP (OTC BB: ZAAP) announced today that it has completed its acquisition of 51 percent of the capital stock of Zhejiang Jonway Automobile Co. Ltd. of Sanmen, Zhejiang, China. Cathaya Capital LP has funded the aggregate amount of US$36 million.

The ZAP Jonway Electric Taxi SUV is anticipated for production by June 2011.

The final payment of US$19 million related to the acquisition was made on January 21, 2011 with the funding from Cathaya Capital. Total cash payment for the acquisition of 51 percent of Jonway Automobile was US$30,030,000.

With ZAP’s electric vehicle (EV) technology expertise and international experience, the combined company intends to build the necessary production platform to address the Chinese EV market. The newly combined company, to be renamed ZAP Jonway, will leverage Jonway Auto’s A380 SUV, as well as its established distribution channels to the Chinese market with over 90 direct dealers. ZAP Jonway will manufacture and sell SUVs powered by ZAP’s electric drive train and expects to benefit from the 60,000 RMB (approximately US$9,000) government incentives granted to electric car buyers.

Jonway Automobile anticipates vehicle sales for its gasoline A380 SUV to increase by 40 percent to over 10,000 vehicles in 2011 compared to 2010. In 2009, its first year of sales, Jonway Automobile experienced sales of 4,000 SUVs, which rose to over 7,000 in 2010, each with a sales price of around US$11,000. ZAP Jonway is currently adding to its manufacturing production lines to deliver the A380 EV SUV by the anticipated date of June 2011 and ZAP’s ALIAS EV roadster by September 2011.

The Alias is anticipated for production by September 2011.

“Jonway Automobile’s revenues from selling its gasoline vehicles will help build the foundation for ZAP Jonway’s growth in the electric vehicle market, allowing ZAP to focus on further strengthening its EV technology, reinforced by Jonway’s manufacturing production expertise and ready market access to China,” said Dr. Priscilla Lu, founder and general partner of Cathaya Capital, a Cross Border Fund focused on China. Dr. Lu has served as Chairman of the Board for ZAP since September 2009. Cathaya Capital has invested US$36 million in ZAP since September 2009 with the goal of completing this 51 percent acquisition of Jonway Automobile.

Jonway Automobile is ISO 9000 certified with over 3.6 million square feet of fully provisioned factory space on 141 acres of land.

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

Jessica Gao
ZAP Jonway China
+86 13511038395
juan.gao@zapworld.com