SANTA ROSA, Calif.,
Sept. 11, 2014 /PRNewswire/ -- ZAP
(ZAAP), an Electric Vehicle (EV) automotive company incorporated in
California Bay Area, and its subsidiary Jonway Auto sold over 2000
Electric Vehicles since June 2014
when EV mass production started at its electric vehicle
type-approved certified factory. The Companies' strategy is to
continue to build its EV product expertise and sales presence with
new dealership networks skilled at developing EV markets for the
different regions in China. The Chinese government has
allocated funding and deregulated the installation of charging
stations to stimulate the build out of charging
infrastructures. Corporations and government are financially
incented to purchase EVs for their daily transportation and
deliveries. Leasing and rental companies have expanded
significantly over the last year in order to address the preferred
model of leasing EVs by corporations and consumers and more rapidly
accelerate adoption. These leasing and logistics companies
are the focus of ZAP and Jonway Auto.
To support the strategy of addressing this new market, ZAP and
Jonway Auto hosted the first of a series of promotional events to
qualify new dealerships last week at its headquarter. More
than 150 dealership participants attended and showed strong
interests and enthusiasm for ZAP Jonway's products. Jonway
Auto invited applicants who are interested and skilled at marketing
and sales of the new product line. The intention is to build
up a new network of dealers that are better resourced and could
potentially be targeting EMS delivery and transportation vertical
markets. ZAP and Jonway Auto unveiled its new SUV
models. Alex Wang, Co-CEO of
ZAP and Jonway Auto presented the new vision for the company's
direction and the overall corporate strategy and plan focused on
renewable energy vehicles and to narrow the focus of gasoline
vehicle models offered, in order to channel the company's resources
appropriately. The new 1.5 liter SUV priced at below
$10,000, announced at the event,
targets the broader mass market, where buyers would find great
value and quality given the competitive price. This new cost
competitive SUV model will be an ideal platform for launching the
CNG SUVs.
This new dealership event precedes a follow on EV dealership
qualification event planned later on this year when ZAP and Jonway
Auto will be expanding to add more EV dealers that can support the
new EV products and sales strategy of the Company. Jonway
Auto's EV models are uniquely positioned in the Chinese market to
take advantage of the government incentives as certified type
approved EVs. ZAP and Jonway Auto's EV SUV is the first type
approved EV SUV in the Chinese market, and well-engineered to
qualify for the stimulus program offered by the central and local
governments for EVs. Jonway Auto intends to bring on these
new dealers with the qualifications to support EV marketing and
sales, targeting government and fleet delivery markets and to
develop new distribution networks with customer service centers
trained to provide the EV technical support all over the
country.
The focus of the new dealership networks will be to provide the
centers for selling or leasing minivan EV fleets and government EV
SUVs. Jonway Auto is working with a number of logistic
companies in China to deliver the
EV products either in a leasing program or for sale in the urban
delivery transportation markets.
The event qualified 27 dealerships that are the first group of
new dealers from various regions in China who will begin training for the new
products in October with the target of selling and supporting the
sales network before yearend.
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, certified for EV manufacturing, and engineering, sales
and customer services facilities in China. Jonway has production capacity of
up to 50,000 vehicles per year, over 1 million square feet of
factory space, and over 65 acres of land and established sales
distribution network in China.
ZAP, an early pioneer of EVs, brings to both companies a broad
range of EV product technologies. ZAP 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/20140911/145517
SOURCE ZAP and Jonway Auto