ZAP Jonway Announcing New JNZ SHUTTLE Van for International Markets Available 1Q2012

Expands EV and Gasoline Product Line Focused on Fleet Markets

SANTA ROSA, Calif., Dec 16, 2011 (GlobeNewswire via COMTEX) — ZAP Jonway ZAAP -1.89% , a designer and manufacturer of gasoline and new energy electric vehicles (EVs), introduced its JNZ SHUTTLE, a multi-purpose van that can convert from passenger to cargo easily, targeted for the fleet markets and available for the international markets in the first quarter of 2012.

JNZ SHUTTLE Gas or Electric

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11263

The JNZ SHUTTLE gives ZAP Jonway an attractive platform to compete in the rapidly growing China auto industry for commercial fleet and delivery vehicles. The JNZ SHUTTLE is designed for both full electric and for gasoline and has more than 129 cubic feet of cargo space or with three rows of seats can fit up to seven passengers.

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.”