SANTA ROSA, Calif.,
April 28, 2014 /PRNewswire/ -- ZAP
(ZAAP), an Electric Vehicle (EV) automotive company incorporated in
California and headquartered in
Santa Rosa, California, jointly
with Jonway Auto, its subsidiary in Zhejiang, China, announce the receipt of
25,000 committed direct orders for its newest EV models of URBEE
and SPARKEE. An independent super dealer company was set up
by Jonway Group to manage the volume orders and the logistics of
managing the new dealers in multiple regions in China.
The aggregate committed purchase orders of over 25,000 were
placed with down payments from more than 30 new dealers in
Beijing, Guangdong, Zhejiang, Henan, Hebei,
Xian, Jinan, Shandong, and Nantong. These new dealers are
the long established major dealership partners of Jonway Group from
Jonway Motorcycle business. Most of the orders were placed for the
full electric URBEE, which is viewed by these dealers as a
well-positioned product for the metro cities of China and a new entry into the market space
that addresses the mass market demands at the right price with
quality. With a driving range of over 150 km per charge, it
is ideally suited for daily city driving with overnight
recharging.
The launch of URBEE in April at the exhibitions held in
China generated tremendously
positive responses from dealers that are confident of sales and
ready to buy in quantities for their dealerships. Strong
market interests for the URBEE continue, as more of these new
dealers are qualified and being signed up with quantity purchase
orders. SPARKEE, which is priced at the higher end, received more
than 2,000 orders from local Chinese dealers. Production of
both URBEE and SPARKEE has begun, as the Jonway Auto factory
readies itself for the volume manufacturing delivery of 2,000
vehicles per month starting June 2014. Delivery of these
25,000 vehicles is scheduled over the next six months.
Auto sales in China reached 22
million in 2013, far exceeding any other markets in the
world. This represents a 14% increase compared to 2012.
Car ownership remains a low percentage with only 120 million
vehicles on the road. With the Chinese government focused at
supporting and stimulating EV adoption in China, the overall market sentiments towards
full electric vehicles have evolved quickly and positively, with a
willingness to purchase EVs if at the right price.
ZAP and Jonway Auto is realigning its entire business on
electric and clean energy vehicles (CNG and hybrids), and are
bringing on a new set of dealerships and new management experienced
in this space. With these volume purchase orders of the
smaller EVs in the pipeline ready for delivery this year, ZAP and
Jonway Auto can now leverage the customer experience and sales
network that is being established to gain competitive market edge
and gain momentum in the full production of electric vehicles at
its factory, with initial delivery of 2,000 per month and targeting
3,000 per month towards latter part of this year.
About ZAP and Jonway Auto
ZAP and Jonway Auto designs and manufactures quality, affordable
new energy and electric vehicles (EVs). Jonway Automobile has
ISO 9000 manufacturing facilities, engineering, sales and customer
services facilities in China, ZAP
Jonway has production capacity of up to 50,000 vehicles per year,
and has established sales distribution network in China. ZAP, an early pioneer of EVs, brings to
both companies a broad range of EV design experience that is
applied to the new product lines. ZAP Jonway is headquartered in
Santa Rosa, California and Jonway
Auto is located in Zhejiang
Province of the People's Republic
of China. Additional information about ZAP Jonway is
available at http://www.zapworld.com.
This press release contains certain forward-looking
statements is defined in the Private Securities Litigation Reform
Act of 1995. The words "anticipate," "believe," "estimate,"
"expect," "intend," "plan," and similar expressions that may tend
to suggest a future event or outcome are not guarantees of
performance, which cannot be predicted or anticipated. These
forward-looking statements are based largely on expectations and
are subject to a number of risks and uncertainties, many of which
are beyond the control of the Company. Actual results could
differ materially from these forward-looking statements.
Contact:
Michael Ringstad
Mringstad@zapworld.com
707-525-8658x104
Photo - http://photos.prnewswire.com/prnh/20140428/81273
SOURCE ZAP and Jonway Auto