ZAP (fka ZAAP)

[BubbleBuddy]

ZAP and Jonway Auto Ramps Daily Production of EV Minivan to Fifty EVs per Day

ZAP Jonway says projected revenues in 2016 of the 20,000 additionl EV minivans will exceed US $150 million !!!

ZAP and Jonway Auto announce that they have increased factory production capacity and running operations at 7 days a week, single shift, with production of around 50 EV minivans per day in order to meet pressing backlog orders from Dong Feng Motor Corporation (http://www.dfmc.com.cn/dfmczg/main_en.aspx).

Dong Feng is demanding delivery of at least 3,000 EV minivans this quarter by December 31, 2015 and expects its orders to increase to no less than 2,000 per month starting January 2016.

Jonway Auto is on target to produce 800 EV minivans in October and will be ramping up to meet the 3,000 EV minivans for this year. A second shift with additional factory equipment may be added to reliably meet volumes of 2,000 or more vehicles per month.

The target is to reach sales of no less than 20,000 of Jonway's EV minivans in 2016 and aggregating to sales of 100,000 of ZAP and Jonway's EV minivans as projected by Dong Feng

More here: http://www.prnewswire.com/news-releases/zap-and-jonway-auto-ramps-daily-production-of-ev-minivan-to-fifty-evs-per-day-with-target-of-reaching-2000-per-month-by-1st-quarter-2016-300167473.html