SANTA ROSA, Calif.,
June 10, 2014 /PRNewswire/
-- ZAP (ZAAP), an Electric Vehicle (EV) automotive company
incorporated in California and
headquartered in Santa Rosa,
California has entered into a strategic alliance with
Tianjin Battery Company Ltd ("Lishen") www.lishen.com.cn ,
whereby Lishen will provide financing several thousand full vehicle
EV conversion of US EV fleet vehicles using Lishen's latest
technology in lithium Ion batteries and ZAP's proprietary
patented Vehicle Control Unit (VCU). ZAP, over the last few
years has been pursuing the EV fleet market in the US, and
developed a custom designed power train for a US delivery fleet
with the goal of becoming a supplier to their electric power train
which will replace the gasoline ones currently being used.
After undergoing multiple iterations, its latest version released
for trial will undergo extreme weather conditions, using Lishen's
battery pack with improved energy efficiency and reliability.
ZAP will begin financing discussions with fleet operator pending
successful completion of the trial which is likely to run through
the winter season.
At the core of ZAP's EV technology is its patented VCU developed
by ZAP's joint venture in China,
which provides a smart management system (Z-Smart) between the
electric motor, the battery management system, and the overall
electric power system that supports power brakes, power steering,
HVAC, power windows, on-board charge and discharge, fast charge and
all of the electrical control units of the vehicle, including GPS
and wireless communication to the mobile.
Z-Smart is adapted for various configurations,
different size motors and battery systems for all of the electric
vehicles delivered by ZAP, for both its lithium battery EVs as well
as the lead acid battery models. Z-Smart is being
incorporated into these fleet vehicles to improve performance,
safety and efficiency of the converted vehicles and to provide
convenient mobile communication to the driver on the charge levels
and recharging status.
This strategic alliance with Lishen to finance EVs in the
international market for large scale deployment is being explored
in other markets where large volume EV fleets are being deployed by
governments and institutions to reduce fossil fuel dependency, fuel
costs and reduce pollution in the densely populated cities.
ZAP plans to utilize this financing alliance to pursue other volume
fleet opportunities in the Americas and S.E. Asia.
Lishen is the premier Li-ion battery supplier in China, and is the qualified supplier to Apple,
Samsung, LG, HP, Dell, Lenova and the State Grid of China. It
is the largest supplier of automotive EV battery packs in
China, supplying to the majority
of the electric bus companies, and the new line of EV sedans
supplied by Geely, SAIC, GM, Foton (First Auto of China), ChangAnn
and many others, and is the largest volume producer of lithium
batteries for energy storage in China. It is majority owned
by China National Off-shore Oil
(CNOOC), various Tianjin funds and
large energy corporations in China.
ZAP's joint venture team in China is recognized for its proven EV
technology expertise in delivering high performance EV systems, and
has delivered multiple power train designs to local vehicle
manufacturers including EV versions of KIA in China, with multiple configurations to support
fast battery swapping.
About ZAP and Jonway Auto
ZAP and Jonway Auto designs and manufactures quality, affordable
new energy and electric vehicles (EVs). Jonway Automobile has
ISO 9000 manufacturing facilities, engineering, sales and customer
services facilities in China, ZAP
Jonway has production capacity of up to 50,000 vehicles per year,
and has established sales distribution network in China. ZAP, an early pioneer of EVs, brings to
both companies a broad range of EV product technologies that is
applied to the new product lines. ZAP Jonway is headquartered in
Santa Rosa, California and Jonway
Auto is located in Zhejiang
Province of the People's Republic
of China. Additional information about ZAP Jonway is
available at http://www.zapworld.com.
This press release contains certain forward-looking
statements is defined in the Private Securities Litigation Reform
Act of 1995. The words "anticipate," "believe," "estimate,"
"expect," "intend," "plan," and similar expressions that may tend
to suggest a future event or outcome are not guarantees of
performance, which cannot be predicted or anticipated. These
forward-looking statements are based largely on expectations and
are subject to a number of risks and uncertainties, many of which
are beyond the control of the Company. Actual results could
differ materially from these forward-looking statements.
Contact:
Michael Ringstad
Mringstad@zapworld.com
707-525-8658x104
SOURCE ZAP and Jonway Auto