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 ZAP's products, increased levels of competition, new products and technological changes, ZAP's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in ZAP's periodic reports filed with the Securities and Exchange Commission.
Electric vehicle pioneer ZAP Jonway (OTC BB: ZAAP) appointed Tony (Tianxin) Nie as Vice President of Strategic Business Development overseeing strategic partnerships and key client relationships in China and Asia, as well as General Manager of ZAP Hangzhou Joint Venture, which will be the electric vehicle technical center for ZAP Jonway in China. Mr. Nie was formerly Director of Sales & Marketing of Lotus in China as well as Lotus Engineering’s leader and founding member for China. He has been with Lotus since 2005, overseeing business development, sales, engineering developments, marketing and public relations in China. A citizen of the People’s Republic of China, he earned a Masters Degree in International Marketing Management from Leeds University Business School in 2003 and his Bachelor of Science Degree in Mechanical Engineering from Beijing Textile Engineering University in 1994. Responsible for establishing Lotus Engineering in China, Mr. Nie worked on a number of technology projects and engineering designs, including hybrid vehicles, electric vehicles (EVs) with range extensions, as well as pure EV designs. He has managed more than 20 different chassis design projects; three engine projects, and 15 technology engineering projects. This involved a broad range of products and projects in electric and hybrid vehicle technologies, whole vehicle designs, power-train designs, chassis engineering, energy flow management strategies, vehicle control technologies and vehicle testing processes. Mr. Nie has extensive experience in business development and marketing, from branding, customer relations and tradeshow management, to supply chain management and distribution. He led Lotus’ China team in delivering designs for hybrids, full electric cars and alternative fuel vehicles targeted at China’s auto industry. Under his leadership, Lotus Engineering won more than 50 engineering projects in China, resulting in a 12-fold increase in revenues over the last five years. “Tony Nie brings a wealth of knowledge in designing and delivering leading edge differentiated automobile technologies and designs, especially in the alternative energy vehicle space,” said Steve Schnieder, Co-CEO of ZAP Jonway. “He will reinforce our engineering team in China with support from local industry experts, and open our access to leading technology providers. He will help drive the development of our Yangpu District Green City Project in Shanghai, support our strategic partners Samyang in Korea as well as assisting with the formation of new partnerships.”