Profile: ZAP (ZAAP.PK)
2 Jul 2015
ZAP, incorporated on September 23, 1994, designs, develops, manufactures and sells fully electric technology vehicles. The Company, through a majority interest in Zhejiang Jonway Automobile Co. Ltd. (Jonway), has an automobile production manufacturing facility to produce electric vehicle products, and provides access to the electric vehicle market in China and internationally. ZAP Jonway offers a small low speed electric vehicle under the name Urbee, and also provides EV SUV and EV minivan. The Company also has partnerships with ZAP Hangzhou, Better World for the sale and distribution of Z-Chargers and Shanghai Zapple Electric Vehicle Technologies Co., Ltd. (Shanghai Zapple). ZAP offers a limited one-year warranty on its fleet and utility vehicles and six- and three-month warranties on its consumer electric scooters and bicycles, respectively. Jonway's had over 230 after-sales service centers and 10vehicle spare parts centers in China for logistics and distribution as of December 31, 2014. ZAP Jonway manufactures the A380 electric SUV and the minivan at Jonway's manufacturing facility in Sanmen, Zhejiang China. Jonway's manufacturing operations include pressing, welding, painting and assembling lines.
Jonway Automotive Products: Gasoline Model
Jonway's automotive product line includes the gas fueled A380 Five-Door SUV, the A380 Three-Door SUV and the Jonway Van. The A380 Three-Door SUV is offered in limited quantities. The Jonway A380 Five-Door is a gasoline powered four-speed sport utility vehicle available in 1.5 liter engines and is available with automatic or manual transmission. The Jonway Van is a conventional fuel small van.
ZAP Automotive Products: Electric Vehicles
ZAP's automotive product line includes the all-electric E-380 SUV, which has a range of 150kilometer and speed of up to 130 kilometer per hour. E-380 SUV has a 25 kilowatt hour engine, with peak performance of over 60kwatt hour, and is available for international markets. ZAP Jonway Minivan is offered in the traditional gasoline model with a 1.1 liter engine, and is offered as EV with two options: one with lead acid for the low end market where range is limited to 80 kilometer and speed is no more than 100 kilometer per hour and a model with lithium batteries where speed is 130 kilometer per hour and range is 200 kilometer distance.
The Urbee is a low-speed electric vehicle, with a driving range of over 150 kilometer per charge, which is suited for daily city driving with overnight recharging. The Urbee can hold up to two passengers is designed for corporate and university campuses, airports, warehouses, military bases, retirement communities and golf courses. A four passenger, four door version of Urbee is available in China, which has a higher power engine. The maximum speed for the Urbee is 60 kilometer per hour. The Urbee is type approved for Europe as L6 vehicle, and is undergoing the DOT certification process as LSV in the United States. The Company also offers a HYBRID Compressed Natural Gas (CNG) line of new energy vehicles, including Jonway Auto's A 380 SUV.
Other ZAP Products
The Company offers a number of ZAPPY3 Personal Transporters. Its ZAPPY3 Pro Flex is offered for material handling, warehousing, fabrication and construction industries. ZAP has two basic models, the Pro Flex 350 and the Pro Flex 500.
The Company competes with Tesla, Mitsubishi, Daimler, Lexus, Audi, Renault, Volkswagen, Subaru, Honda, Ford, General Motors, Toyota, Chery, Zongtai and Great Wall Auto.
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