ZAP and Jonway Auto's EV Minivan will be OEM by Dong Feng Motor Corporation, one of the four China's Largest Auto Group through Shi Kong, Zhejiang
SANTA ROSA, Calif., Feb. 4, 2015 /PRNewswire/ -- ZAP (ZAAP: OTC), an Electric Vehicle (EV) automotive company incorporated in California Bay Area, and Jonway Auto just signed an OEM contract on February 2, 2015 for 5000 units of ZAP Jonway's EV Minivans that will be sold under the brand of Dong Feng Motor Corporation (www.dfmc.com.cn), one of the top Auto enterprise groups in China through its partner Shi Kong (SKIO Matrix) Electric Vehicle Company, based in Hangzhou, Zhejiang Province. Shi Kong is the integrator and agent for Jonway's EV minivan to Dong Feng Automobile, one of the top four state owned auto manufacturers in China and also the second automobile company established by the Chinese government. Dong Feng is the joint venture partner of Honda, Nissan and Citroen/Peugeot.
ZAP Jonway's EV minivan will be typed approved as a delivery van with the enhanced battery capacity specified by Dong Feng Motor Corporation and integrated by its partner Shi Kong. Jonway's type approved passenger EV minivan will be the platform for getting certification for the newly configured delivery van to be sold into Dong Feng's massive nationwide auto dealership network. Jonway's EV minivan will be the first EV minivan to be offered by Dong Feng for mass market in volume production.
ZAP Jonway's EV minivan will be configured as a cargo van with passenger seats removed to allow room for cargo and also additional battery capacity to operate over 300km in range per recharge. The batteries used will be supplied by Tianjin Lishan Battery, which is a long time strategic partner of ZAP and Jonway Auto. This volume contract of 5000 vehicles is for the first year after completing certification of the new configuration. Jonway and Shi Kong are targeting delivery of these EV minivans for Dong Feng in June 2015. Therefore, the sales of Jonway's EV minivan with the Dong Feng OEM label will begin second half of 2015, through its partner Shi Kong (SKIO Matrix).
About Dong Feng Motor Corporation
Dong Feng Motor Corporation is one of the Big Four China State Owned Auto Groups, and the oldest established auto enterprises in China along with First Auto. It was incorporated in 1969. Dong Feng Motor Corporation is also known as #2 China Auto. Its subsidiaries include production of heavy and light industry trucks, SUV, and sedans. It is one of the largest auto producers of China, and has joint ventures with Honda, Nissan, Citroen and Peugeot. Dong Feng is listed in 2006 on the Hong Kong Heng Seng Index (00489.HK) and the Shanghai Stock Exchange (600006).
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, certified for EV manufacturing, and engineering, sales and customer services facilities in China. Jonway has production capacity of up to 50,000 vehicles per year, over 1 million square feet of factory space, and over 65 acres of land and established sales distribution network in China. ZAP, an early pioneer of EVs, brings to both companies a broad range of EV product technologies. ZAP 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 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
707-525-8658x104
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SOURCE ZAP and Jonway Auto
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