ZAP's Jonway Auto Signs Strategic Partnership and URBEE Volume Purchase Agreement with SunRa
SANTA ROSA, Calif., June 30, 2014 /PRNewswire/ -- ZAP (ZAAP), an Electric Vehicle (EV) automotive company incorporated in California and headquartered in Santa Rosa, California received from SunRa volume purchase agreement for its URBEE through its subsidiary Jonway Auto for the Chinese. This contract is an agreement by SunRa to purchase 1,000 URBEEs per month from Jonway Auto to sell through its distribution network in China, starting with the first shipment of 500 URBEEs from Jonway Auto's production line in June 2014. SunRa, which is also called Xinri Electric Vehicle Company, Ltd. http://english.xinri.com/, was founded in 1999 in Jiangsu Province, China. It is one of the leaders specializing in small electric vehicles and auto parts and technologies in EVs in China and has over 1000 distribution dealers in China. Xinri has three major production plants in Wuxi, Tianjin, and Xiangfan cities and six key enterprises in China, having a total of more than five thousand employees and according to Xinri's report. It has an annual production capacity of 2 million small electric vehicles of various types and has been exporting internationally. With type approvals of CE, EN15194, EEC, and DOT for many of its products, Xinri has exported several million different EV products to Europe, America, Asia as well as Africa over the last few years.
This long term strategic partnership as EV supplier to SunRa further reinforces the expansion of ZAP and Jonway Auto's distribution network in China and provides additional opportunities for expansion of the URBEE product line and models. The target objective is to achieve over 8,000 vehicles through SunRa's sales network over the next twelve months. This additional volume commitment would potentially further drive down the costs and also improve the quality and production efficiencies of the manufacturing going forward.
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.
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