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|Electric car pioneer ZAP announced today that a new factory in the Shandong Province of China has rolled out the first of its Xebra(R) sedans and pickups.|
Electric car pioneer ZAP (OTCBB: ZAAP) announced today that a new factory in the Shandong Province of China has rolled out the first of its Xebra® sedans and pickups.
The new factory has the capacity to produce up to 4,000 vehicles per month, according to officials from ZAP and Shandong Jindalu Vehicle Company, Ltd. The modernized factory provides a more productive working environment with state-of-the-art automation as well as vehicle research, development and production capabilities.
Shandong Jindalu held a dedication ceremony and celebration at the new facility. More than 300-400 attended, including the Governor of Shandong Province and the Mayor of Lin Xian. Shandong Jindalu President Mr. Lu hosted the dedication. The factory opening was broadcast throughout the country on Chinese television with ZAP Chief of Operations Amos Kazzaz shown cutting the ribbon for the new factory. See a slide show from the factory opening at writeEmail('N00/sets/72157602671261606/show/."','href="http://www.flickr.com/photos/11374805'); target="_blank" onClick="return
"ZAP has done what practically all the critics say is impossible," said ZAP CEO Steve Schneider. "Electric cars and trucks are rolling off an assembly line and customers around the world are sending in orders faster than we can deliver."
Ling Xian is an industrial city in Northern China with a population of over 5 Million. Shandong Jindalu and ZAP are scaling up production for their pioneering auto industry venture in China. The previous facility had the manufacturing capacity to produce up to 1,000 vehicles a month.
ZAP is marketing the Xebra electric sedan and pickup through a global distribution network of auto distributors, dealers and service centers. The Xebra is a unique 'city-car' designed to provide an energy efficient alternative for commuters, multi-car families, businesses and government fleets.
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. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies (AMEX: GBT). 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.
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