SANTA ROSA, Calif.,
Oct. 6, 2014 /PRNewswire/ -- ZAP
(ZAAP), an Electric Vehicle (EV) automotive company incorporated in
California Bay Area, and its subsidiary Jonway Auto announced the
receipt of Brazil type approval
certification for its SUV and the signing of annual sales contract
with its partner Agra 8000, a Brazil company headquartered in Rio de Janeiro on the shoreline of Barra da
Tijuca. After several years of extensive work by the joint
partners, Jonway Auto's SUVs have been calibrated to meet the E22
requirements with complete type approval and certification issued
for Brazil and meeting all of the
crash, safety as well as emissions requirements. The
extensive work to achieve this recent successful certification in
Brazil was done in collaboration
with Agra 8000, and this opens up Brazil and potentially other South American
markets that look to Brazil as the
high benchmark for auto certification.
Agra 8000, a subsidiary of Action Brazil, is well financed by
Itau Bank in Brazil with over
US$80 million set aside to finance
its network of dealerships established in Rio de Janeiro, Minas and Gerais. Agra
8000 has built a new warehouse in the port of Vitoria to provide
service support and shipment staging. Agra 8000 is well
established with multiple customer service and training centers in
place to support its network of dealerships in the different
cities.
The annual sales contract starts shipment in October this year
with initial monthly shipment of 50 SUVs per month. This
successful certification and partnership could potentially open up
additional channels in South
America for ZAP and Jonway's Electric Vehicles and New
Energy Vehicle (CNG) products, as they share the same crash and
safety tests. Brazil is one
of the top auto markets in S. America with a high barrier to entry
due to its tough type approval requirements. With this
milestone certification of Jonway's SUVs and its strong
partnership, ZAP now has the opportunity to expand quickly and
utilize this established well financed strong dealership network in
the Brazil which can potentially
serve as the hub for supporting neighboring countries.
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/20141006/150459
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SOURCE ZAP