SANTA ROSA, Calif.,
June 30, 2014 /PRNewswire/
-- ZAP (ZAAP), an Electric Vehicle (EV) automotive company
incorporated in California and
headquartered in Santa Rosa,
California received from SunRa volume purchase agreement for
its URBEE through its subsidiary Jonway Auto for the Chinese. This
contract is an agreement by SunRa to purchase 1,000 URBEEs per
month from Jonway Auto to sell through its distribution network in
China, starting with the first
shipment of 500 URBEEs from Jonway Auto's production line in June
2014. SunRa, which is also called Xinri Electric Vehicle
Company, Ltd. http://english.xinri.com/, was founded in 1999 in
Jiangsu Province, China. It
is one of the leaders specializing in small electric vehicles and
auto parts and technologies in EVs in China and has over 1000 distribution dealers
in China. Xinri has three major production plants in Wuxi,
Tianjin, and Xiangfan cities and
six key enterprises in China,
having a total of more than five thousand employees and according
to Xinri's report. It has an annual production capacity of 2
million small electric vehicles of various types and has been
exporting internationally. With type approvals of CE, EN15194, EEC,
and DOT for many of its products, Xinri has exported several
million different EV products to Europe, America, Asia as well as Africa over the last few years.
This long term strategic partnership as EV supplier to SunRa
further reinforces the expansion of ZAP and Jonway Auto's
distribution network in China and
provides additional opportunities for expansion of the URBEE
product line and models. The target objective is to achieve
over 8,000 vehicles through SunRa's sales network over the next
twelve months. This additional volume commitment would
potentially further drive down the costs and also improve the
quality and production efficiencies of the manufacturing going
forward.
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 product technologies 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
SOURCE ZAP