Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > ZAP Sells 614 Electric Cars Following Largest Dealer Seminar

Electric car maker ZAP said its first dealer training seminar of 2008 was its largest ever. Six more dealers signed purchase orders totaling 614 Xebra electric sedans and trucks. ZAP has 54 sales and service centers in the United States and plans to exhibit this month at the world's largest dealer conference, NADA 2008, February 9-12 in San Francisco.
Electric car maker ZAP said its first dealer training seminar of 2008 was its largest ever. Six more dealers signed purchase orders totaling 614 Xebra electric sedans and trucks. ZAP has 54 sales and service centers in the United States and plans to exhibit this month at the world's largest dealer conference, NADA 2008, February 9-12 in San Francisco.

Abstract:
ZAP (OTCBB: ZAAP) added six new electric car dealers at its first dealer sales and service training of 2008 yesterday, collecting signed purchase orders totaling 614 Xebra sedans and trucks.

ZAP Sells 614 Electric Cars Following Largest Dealer Seminar

SANTA ROSA, CA | Posted on February 2nd, 2008

The signed, non-cancelable dealer purchase order agreements were for a mixture of ZAP Xebra electric sedans and trucks. The orders also include the Zapino, ZAPPY3 PRO, ZAPPY3 EZ and the ZAP Mid-Sized ATV. Overall, yesterday's purchase orders including all the different vehicles total $5,127,850. Dealers are expected to take delivery of a minimum of ten cars a month over the next twelve months.

ZAP CEO Steve Schneider expects more dealers to join its distribution network over the next few weeks, which now totals 54 locations throughout the United States with a goal to establish 100 dealers by the end of the year. The Santa Rosa, California-based Company will be exhibiting at the industry's largest dealer conference for auto dealers, NADA (http://www.nada.org), February 9-12, 2008 in San Francisco.

For the first time, ZAP CEO Steve Schneider gave a presentation to dealers about plans for the joint venture with China Youngman to make freeway capable electric and hybrid vehicles. Last week, joint venture officials stated they believe the highway capable ZAP Alias™ electric vehicle can go into production by the second quarter of 2009 with other vehicles being planned as well. Schneider promised that dealers who do well selling the Xebra will qualify for the joint venture's highway capable electric cars and other vehicles being planned.

"We are looking for dealers who want to take action today," said Schneider. "The technology for electric cars is coming faster than everyone thinks. We will be working very hard this year to expand and refine our dealer network for the more advanced vehicles planned for 2009. We have restructured our distribution concept to offer an incentive for dealers who can tap into the many vertical markets opening up for electric vehicles and to be able to profit from them right away. Today's Xebra is the VW Bug of electric cars; it's basic and cost-effective. Companies like UPS, Coke and others are finding ways to incorporate these environmentally friendly vehicles into their bottom line savings and with today's economy the demand can only grow."

ZAP said the dealer training yesterday was the largest to date, with 19 dealers and entrepreneurs represented. Every month, ZAP holds a dealer sales and service seminar for existing dealers, their staff, as well as prospective dealers and entrepreneurs evaluating the business opportunity. ZAP spends a full day with dealers talking about the Company, the products and the market along with a technical course for electric car mechanics. ZAP invites potential international distributors to its training seminars and two attended from Australia and Israel. Four of the new ZAP dealers are from California. One is from Minnesota and the other from Pennsylvania.

Those interested in the Xebra electric car, truck or any of ZAP's other electric vehicles can request a test drive by inquiring at www.zapworld.com in the 'Contact Us' section or by calling 707-525-8658.

####

About ZAP
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. 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

Contacts:
ZAP
Alex Campbell
+1-707-525-8658 x 241

Copyright © Marketwire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

In borophene, boundaries are no barrier: Rice U., Northwestern researchers make and test atom-thick boron's unique domains July 17th, 2018

Tuning into quantum: Scientists unlock signal frequency control of precision atom qubits July 16th, 2018

Nano-kirigami: 'Paper-cut' provides model for 3D intelligent nanofabrication July 13th, 2018

UMBC researchers develop nanoparticles to reduce internal bleeding caused by blast trauma July 13th, 2018

Announcements

In borophene, boundaries are no barrier: Rice U., Northwestern researchers make and test atom-thick boron's unique domains July 17th, 2018

Tuning into quantum: Scientists unlock signal frequency control of precision atom qubits July 16th, 2018

Nano-kirigami: 'Paper-cut' provides model for 3D intelligent nanofabrication July 13th, 2018

UMBC researchers develop nanoparticles to reduce internal bleeding caused by blast trauma July 13th, 2018

Automotive/Transportation

Leti and Oscaro Partner on Leti’s New Low-Power, Low-Cost Transceiver to Track Parcels July 12th, 2018

GLOBALFOUNDRIES Surpasses $2 Billion in Design Win Revenue on 22FDX® Technology : With 50 client designs and growing, 22FDX proves its value as a cost-effective solution for power-sensitive applications July 9th, 2018

Leti & Partners Launch Pilot Program to Assess New Perception Sensors for Autonomous Vehicles July 5th, 2018

GLOBALFOUNDRIES to Deliver Socionext’s Next Generation Graphics Controller for Advanced In-Vehicle Display Applications: 55nm LPx platform, with SST’s highly reliable embedded SuperFlash®, enables enhanced features and security protection for remote display applications June 28th, 2018

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Carbon is the new black: Researchers use carbon nanotubes to develop clothing that can double as batteries July 10th, 2018

NIST Researchers Simulate Simple Logic for Nanofluidic Computing June 30th, 2018

BNAs improve performance of Li-ion batteries June 27th, 2018

Northwestern researchers achieve unprecedented control of polymer grids: Materials could find applications in water purification, solar energy storage, body armor June 22nd, 2018

New-Contracts/Sales/Customers

Barium ruthenate: A high-yield, easy-to-handle perovskite catalyst for the oxidation of sulfides July 13th, 2018

Oxford Instruments’ 22 Tesla superconducting magnet system commissioned at the UAM, making it the most intense magnetic field available outside a large international facility July 12th, 2018

The first PE blown films with nanotubes hit the Chinese market April 26th, 2018

Deep Space Industries to provide Comet satellite propulsion for BlackSky, LeoStella April 3rd, 2018

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project