This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ZAP CEO Steve Schneider With Jonway Auto Officials Celebrate New Auto And Electric Vehicle Venture In China. (Photo: Business Wire)

Zhejiang Jonway Automobile Co. Ltd. of Taizhou, China announced its acquisition agreement with U.S. electric vehicle pioneer ZAP (OTCBB:ZAAP) to the Chinese media Friday, which included a ceremony and celebration attended by thousands at its factory for the A380 SUV.

ZAP CEO Steve Schneider with Jonway Auto officials celebrate new auto and electric vehicle venture i ...

ZAP CEO Steve Schneider with Jonway Auto officials celebrate new auto and electric vehicle venture in China. (Photo: Business Wire)

ZAP's acquisition of Jonway Auto is the most significant business transaction of its kind this year in Taizhou, a coastal city of six million people, said ZAP CEO Steve Schneider and Jonway Auto CEO Alex Wang. The two hosted an event Friday with thousands in attendance, including autoworkers, politicians, business leaders and media.

The celebration for the new venture between ZAP and Jonway Auto continued over the weekend. ZAP Jonway sponsored Taizhou's Green Crab Festival on Saturday, an annual event that attracted more than 18,000 people, including several Hong Kong movie stars and celebrities. The Green Crab festivities aired on major television networks throughout China, highlighting the "green" connection to ZAP Jonway.

The celebration and ceremonies accompany a series of business meetings to advance the goals of the newly formed company, ZAP Jonway, which combines ZAP electric vehicle expertise with Jonway's manufacturing capabilities. Business proceedings continue this week and company officials expect further announcements over the next several days.

About ZAP

ZAP is one of the oldest and most experienced EV providers, having delivered over 117,000 of a broad range of vehicles to more than 75 countries since 1994. ZAP supplies electric trucks and vans to military, government and corporate fleets and is an innovator of electric motorcycles, scooters and ATVs. The Santa Rosa, California based company offers some of the only electric city-speed cars and trucks in production today. ZAP is also developing a freeway capable electric vehicle called the Alias. Further news and information is available at http://zapglobal.wordpress.com.

Safe Harbor Statement

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs