ZAP Jonway Announces First Product Roadmap Leveraging Subsidiaries’ Strengths

ZAP Jonway (OTCBB:ZAAP), a designer and manufacturer of gasoline and new energy electric vehicles (EVs), after extensive strategic planning and integration development, announced its joint product roadmap for 2012. The roadmap is focused on delivering affordable and technologically competitive new gasoline and EV models that address the growing market demand.

Dr. Priscilla Lu, Chairman of ZAP Jonway, stated: “The new ZAP Jonway models planned for delivery in 2012 maximize the strengths of both subsidiaries, ZAP and Jonway Auto. The new models utilize the experience base and the combined resources from both subsidiaries to accelerate the new EV models’ time to market, while maintaining the originally planned introduction of Jonway’s new gasoline models to the market in 2012. The new JNZ product line is designed to address EV platform requirements while remaining adaptable to either gasoline or an electric power train.”

Alex Wang, CEO of ZAP Jonway stated: “We are introducing a line-up of EV automobiles that will showcase our product quality and technology, and reposition the new ZAP Jonway brand. We are pleased to be able to expand the capabilities of Jonway Auto's ISO:9000 certified factory to now include the new EV production line. We have engineered the integration of Mitsubishi drive trains in our gasoline vehicles to include industry-leading five-year warranties in China. We have jointly integrated and developed technologies to support industry leading Remy Motors’ industry-leading EV power train in our core EV platform for our top of the line EV models. Working together as one team to deliver these new models demonstrates our joint commitment to become a competitive supplier in the New Energy Vehicle market in China and the rest of the world.”

ZAP Jonway’s new JNZ product line-up builds the company’s portfolio of quality, affordable vehicles, merging its EV and gasoline platforms to utilize common parts, manufacturing facilities, channel markets and expertise. The EV models all use the same power train design, adjusting only on the amount of lithium battery packs provisioned depending on the model and targeted applications. To adapt to fleet market requirements, where price and performance dictate product capabilities, the EV models come in two ranges: a version with a 250km range (150 miles); and a version with a 160km range (100 miles). The motor power also comes in two ranges: the first has 175 kilowatt peak power; with a max speed of over 120 mph, and the second has 80 kilowatt peak power; with a max speed of 80 mph. Since lithium batteries dominate the cost and weight of the EVs, the two models are designed to adapt to the fleet application needs.

JNZ Product Roadmap

First Quarter 2012
  • JNZ A380 G-5 (Five-door, new look 2012 gasoline model SUV): The new A380 gasoline five-door SUV will feature a new stylized and streamlined look. Today, this same model is the main platform currently selling in China, offering quality and affordability with a Mitsubishi drive train and Borsch Engine Control Unit (ECU). ZAP Jonway is currently completing the required in-country homologation certificates to launch the gasoline A380 SUV into the international markets, which include countries in Latin America, South East Asia, Africa and the Middle East. The A380 3-door SUV, popular among young urban professionals, is also among the first Chinese SUVs to meet international standards for quality and approved for importation into the European Union via an Italian distributor.
  • JNZ A380 EV-5 (Five-door full electric vehicle model SUV): The company is currently completing type approval for the A380 EV-5 and anticipates it will be ready for production delivery during the first half of 2012, available for export at the end of the first quarter of 2012, and available for sales in China during the second quarter of 2012.

Second Quarter 2012
  • JNZ A 380 G-3 (Three-door 2012 model SUV): The three-door A380 has a new “sporty” look and new molds. Its smaller chassis and lighter weight targets young professionals and is an ideal model to leverage for the EV platform. The three-door A380 model underwent EU type approval through Jonway’s Italian partner last year, and was one of the first Chinese SUVs to meet international gasoline type approvals. This will be further enhanced to meet the new EU 5 standards.
  • JNZ A380 EV-3 (Three-door full electric vehicle model SUV): The EV version of the three-door A380 SUV is expected to be available for export at the end of the first quarter of 2012 and available for sale in China during the second quarter of 2012.

Third and Fourth Quarter 2012
  • JNZ SHUTTLE-EV and JNZ SHUTTLE-G (Electric and gas passenger/cargo van models): The JNZ SHUTTLE is ideal for EV market and is being planned for export markets globally, and is particularly suitable in first world countries, conscientious of going “green” by reducing city pollution, which is particularly relevant to fixed route deliveries and small passenger payload transportation. The competitively priced gasoline version is targeted for developing countries where smaller shuttle vans with carrying capacity are ideally suited to maneuver through narrow city streets. ZAP Jonway has assigned a separate marketing team to address business-to-business sales and business-to-government opportunities.
  • JNZ A280-EV and A280-G (Electric and gasoline compact SUV models): The JNZ A280 compact mini SUV, currently under development, is a lighter, more versatile platform the company expects will accelerate EV adoption in urban centers around the world, including the US market. The A280 is expected for production by the end of 2012/the beginning of the first quarter of 2013.
  • JNZ ALIAS: The ALIAS, planned for delivery at the end of 2012, is a three-wheel sports vehicle designed to be highway ready with the necessary crash-tested safety requirements. The ALIAS was designed by ZAP for the consumer EV market. This three-wheel design enables the ALIAS to be homologated as a motorcycle while addressing the need for crash test safety, including normal vehicle regulation air bags. ALIAS leverages the existing infrastructure of Jonway motorcycles and its dealer network, and will use a similar EV drive train to the A380 but engineered for response and acceleration. Although not part of the fleet market product line of ZAP Jonway, it is intended to be produced in limited quantities to showcase the company’s engineering and technology capabilities.

About ZAP Jonway

ZAP Jonway combines the attributes of both companies, ZAP and Jonway Automobile, to design and manufacture quality, affordable gasoline and new energy electric vehicles (EVs). With Jonway Automobile’s established ISO 9000 manufacturing facilities, research and development and sales and customer services facilities in China, ZAP Jonway is well positioned to scale up production and sales for both gasoline and EVs for China and the international markets. ZAP, an early pioneer of EVs, brings to the new combined company a broad range of EV design experience that is being applied to new product lines. ZAP Jonway is focused on addressing EV fleets targeting city delivery trucks and vans used by university campuses, government and corporate markets in China and the United States, while utilizing its gasoline vehicle production quantities to gain economy of scale through its common vehicle parts and platforms. ZAP Jonway benefits from the established China dealership and customer support network developed by Jonway Automobile for its China sales and services. ZAP Jonway is headquartered in Santa Rosa, California and its production facility is located in Zhejiang Province of the People’s Republic of China. Additional information about ZAP Jonway is available at http://www.zapworld.com.

Forward-Looking Statements

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.

Copyright Business Wire 2010

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