ZAP Jonway Auto Expands into Southern China with Volume Purchase EV Contract from Guangzhou WuYang Group
Monday, 4 Aug 2014 12:08pm EDT
ZAP Inc:Says the company and its subsidiary Jonway Auto signs volume purchase EV contract with Guangzhou WuYang Motors Group, the EV motorcycle group in Southern China.Jonway Auto and Guangzhou WuYang Motors Group (WuYang) jointly designed a new EV model to be completed and ready for production latter part of this year.Says the volume purchase EV contract signed with Guangzhou WuYang Group is targeting for no less than 6000 EVs over the next 12 months, with more than $20 million in aggregate revenues.
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