Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Record Gas and Oil Prices Drive Sales for ZAP, Electric Car Orders Grow to $6.8 Million

Abstract:
Record gas prices are driving more consumers to seek electric transportation, says industry pioneer ZAP (OTCBB: ZAAP). The Northern California Company reported that as of April 8, 2008 it had $6.8 million in backlog orders for the Xebra electric sedan and pickup from auto-dealer purchase contracts.

Record Gas and Oil Prices Drive Sales for ZAP, Electric Car Orders Grow to $6.8 Million

SANTA ROSA, CA | Posted on May 13th, 2008

The $6.8 million backlog in dealer purchase contracts surpasses ZAP's sales for all of 2007 and are based on a delivery schedule over a 12-month period. The backlog for ZAP's consumer products on the same date was $712,000, including sales for the Zapino and ZAPPY3 scooters, ATVs, Recharge-It-All battery systems and others.

ZAP designed the Xebra as a simple alternative to the growing demand for electric cars. The vehicle is suitable for city-speed driving, commuting and fleet use, situations where electric vehicles can be more economical than gasoline cars.

"As I researched more into the EV market I found that the ZAP Xebra was the only production electric vehicle available that could obtain such speeds and actually be driven on regular roads contrary to the governed LSV," writes electric car dealer Jonathan Ortiz of Foreign Affairs Auto in West Palm Beach, Florida. "I began to understand there are literally hundreds of ideal applications and usages that the XEBRA could fill."

Ortiz was recently featured in an Internet podcast interview about electric car dealerships. Use the link below to hear the full interview:

s3.amazonaws.com/static.investorideas.com/podcasts/2008/dg042308.mp3

"My silly little ZAP truck gives me more satisfaction then any ICE I have ever owned, and I am a car buff," says electric vehicle dealer Sean Rarey of Grants Pass, Oregon. "I do not use gas unless I am going out-of-town. Honestly, I think the price of gas is contributing to the decline of our economy while big oil gets fatter and fatter off the profits."

ZAP is working to create a dealer network that for its full-line of electric vehicles and future vehicles as they become available. Surging consumer demand has seen ZAP's number of dealers grow from about 20 automotive dealers in April 2007 to over 50 today.

ZAP holds a monthly dealer training for the sales and service of the Xebra. The next dealer training is scheduled for May 30th with some dealers coming from as far away as New Zealand.

####

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 called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias in collaboration with 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.

This press release contains forward-looking statements. 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:
Alex Campbell
ZAP
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

Protein Building Blocks for Nanosystems: Scientists develop method for producing bio-based materials with new properties April 17th, 2015

Oxford Instruments commissions high field outsert magnet system for the National High Magnetic Field Laboratory 32 Tesla magnet program April 17th, 2015

QD Vision Expands Product Line with Two-Millimeter Color LCD Display Optic: Color IQ™ Optic Enables Full-Color Gamut for Ultra-Thin Displays and All-in-One Computers April 16th, 2015

The National Science Foundation names engineering researcher Andrea Alú its Alan T. Waterman awardee for 2015: Alú is a pioneer in the field of metamaterials who has developed "cloaking" technology to make objects invisible to sensors April 16th, 2015

Announcements

Protein Building Blocks for Nanosystems: Scientists develop method for producing bio-based materials with new properties April 17th, 2015

Oxford Instruments commissions high field outsert magnet system for the National High Magnetic Field Laboratory 32 Tesla magnet program April 17th, 2015

Newly-Developed Nanocatalysts Increase Performance of Fuel Cells April 16th, 2015

Lanthanide-Organic Framework Nanothermometers Prepared by Spray-Drying April 16th, 2015

Automotive/Transportation

Newly-Developed Nanocatalysts Increase Performance of Fuel Cells April 16th, 2015

Cobalt film a clean-fuel find: Rice University discovery is efficient, robust at drawing hydrogen and oxygen from water April 15th, 2015

Researchers create first metal-free catalyst for rechargeable zinc-air batteries April 6th, 2015

Optics, nanotechnology combined to create low-cost sensor for gases April 3rd, 2015

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

Harvesting energy from electromagnetic waves: In the future, clean alternatives such as harvesting energy from electromagnetic waves may help ease the world's energy shortage April 15th, 2015

A KAIST research team develops a hyper-stretchable elastic-composite energy harvester April 13th, 2015

How many gold atoms make gold metal? April 11th, 2015

Research could usher in next generation of batteries, fuel cells University of South Carolina and Clemson reseachers uncover clean interfaces April 10th, 2015

New-Contracts/Sales/Customers

Oxford Instruments commissions high field outsert magnet system for the National High Magnetic Field Laboratory 32 Tesla magnet program April 17th, 2015

JPK reports on the use of the NanoWizard® 3 AFM system at the Hebrew University of Jerusalem April 14th, 2015

Deben reports on the research of Dr Sunita Ho from UCSF using a CCT500 tensile stage to study the behaviour of dental materials April 14th, 2015

UK National Graphene Institute Selects Bruker as Official Partner: World-Leading Graphene Research Facility Purchases Multiple Bruker AFMs April 7th, 2015

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




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE