ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. ZAP is developing a high- performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops.
Zap!, ABAT Sign Battery Distrubution Deal for New Electric Vehicles
ABAT's batteries would play a major role in vehicles such as ZAP's XL/XR (extended range) pickup and the Shuttle/XR van as well as the freeway-capable Alias roadster. ZAP is finalizing plans to build these types of vehicles and others in the US.
ZAP CEO Steve Schneider says, "The agreement will enable ZAP to accelerate production of its electric vehicles offering extended range and more power through the use of ABAT's advanced, large-format Polymer Lithium-Ion battery technology."
Zhiguo Fu, Chairman and CEO, ABAT, said: "We are impressed with ZAP's grasp of the electric vehicle market and their approach to the design and distribution of affordable electric vehicles. We believe our battery technology will be an important part of their long-term success."
ZAP has completed an engineering project to develop a four-wheel electric pickup with the majority of the parts and components supplied by US companies. This initiative is in line with the company's ongoing efforts to restructure its operations to focus on US production, particularly in the electric truck arena, as well as in the recent announcement regarding the American manufacture of the ZAP Alias model. For product, dealer and investor information, visit http://www.zapworld.com
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CEO Steven Schneider has named Gary Dodd, a respected manufacturing executive formerly with Toyota, as president of global operations. This recent move is seen as another step in Mr. Schneider’s plan to introduce U.S.-built electric vehicles to the masses.
ZAP! Outstanding Shares
102,676,399 as of September 30,2009