Home > Press > US-China Electric Car Joint Venture to Hold Meetings at ZAP in California
Former Lotus Engineering CEO, Youngman Officials and ZAP to Meet With Advanced Battery Technologies and UQM Technologies
US-China Electric Car Joint Venture to Hold Meetings at ZAP in California
CA | Posted on October 16th, 2007
Electric car manufacturer ZAP (OTCBB: ZAAP) announced today that officials from its new US-China joint venture will be in California over the next few weeks to move ahead with plans to manufacture electric and hybrid cars, buses and trucks.
"Part of the meeting is to identify the potential key partners that would provide suitable and proven technology for the electric vehicles while using California as a springboard for the wide adoption of electric drive vehicles for the rest of the world," said Albert Lam, former CEO of Lotus Engineering and Chairman to the joint venture between ZAP and Youngman Automotive Group.
Last month ZAP signed a joint venture with Youngman for electric and hybrid cars, buses and trucks. Representatives from Youngman will be attending the meetings to be held at ZAP's Santa Rosa Headquarters and Beverly Hills.
ZAP has invited technology partners to provide input to the Joint Venture. Officials from Advanced Battery Technologies (AMEX: GBT) will attend meetings in Los Angeles with distribution partner CCT Power. ZAP and Advanced Battery Technologies have partnered in the development of nanotechnology for advanced battery applications.
Also present will be Bill Rankin, President and CEO of UQM Technologies, Inc. (AMEX: UQM) to discuss the use of advanced electric drive trains. UQM ( http://www.uqm.com ) of Frederick, Colorado is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets.
"With Youngman Automotive Group we have the ability to draw upon a multitude of vehicle platforms, including cars, buses and trucks," said ZAP CEO Steve Schneider. "The joint venture is planning what will be well-suited for the California market, which we feel will be an important proving ground."
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 is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. The Company recently launched a new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com .
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
For more information, please click here
707-525-8658 x 241
Copyright © Market Wire
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Scientists reveal breakthrough in optical fiber communications December 21st, 2014
Atom-thick CCD could capture images: Rice University scientists develop two-dimensional, light-sensitive material December 20th, 2014
Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014
Instant-start computers possible with new breakthrough December 19th, 2014
Lifeboat Foundation gives 2014 Guardian Award to Elon Musk December 16th, 2014
The gold standard December 9th, 2014
Nanocatalysts Can Reduce Pollution Caused by Diesel Engines December 4th, 2014
NEI introduces NANOMYTEŽ SuperAi, a Durable Anti-ice Coating December 4th, 2014
Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage
Iranian Scientists Use Nanotechnology to Increase Power, Energy of Supercapacitors December 18th, 2014
Nexeon Attracts ex-Nokia Product Executive to its Board of Directors December 15th, 2014
Defects are perfect in laser-induced graphene: Rice University lab discovers simple way to make material for energy storage, electronics December 10th, 2014
Lengthening the life of high capacity silicon electrodes in rechargeable lithium batteries: Novel rubber-like coating could lead to longer lasting batteries December 2nd, 2014
SUNY Poly NanoCollege Faculty Member Selected as American Physical Society Fellow: SUNY Poly Associate Professor of Nanoscience Dr. Vincent LaBella Recognized for Significant Technological Innovations that Enable Interactive Learning December 17th, 2014
New 'electronic skin' for prosthetics, robotics detects pressure from different directions December 10th, 2014
SEMATECH Reports Significant Progress in EUV Resist Outgas Testing: Technologists from SEMATECH and JSR demonstrate outgas test results that further enable EUV lithography for high-volume manufacturing readiness December 3rd, 2014
Toward a low-cost 'artificial leaf' that produces clean hydrogen fuel December 3rd, 2014