ZAP Xebra Has a Chinese Pedigree — ZAP – ZP
ZAP’s Xebra (pronounced Zebra) Has Ten Year Relationship with Jindalu in China.
Studies have shown that demand for electric vehicles such as the Xebra exceeds 100,000 units per year for North America Shandong Jindalu Vehicle Co., Ltd., a private company specializing in production of fully-closed three wheel motorcycles and electric three-wheel vehicles in China, has ramped up its initial production to 1,000 units per month and has begun to export its electric three-wheel vehicles to America through ZAP.
The XEBRA, designed by ZAP to suit American roadsare produced in Jindalu’s headquarters, Dezhou, in East China. Production began in April of 2006 with Jindalu already having shipped close to 200 units to the US.
ZAP is Jindalu’s exclusive North America distributor for the Xebra vehicles.
Sources:
Asia TodayZAP (NYSE Arca: ZP)
501 4th St.
Santa Rosa, CA 95401
Phone: 707-525-8658
Fax: 707-525-8692
Forward Looking Statements Statements in this press release that relate to future plans or projected results of ZAP are ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the “PSLRA”), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the ’safe harbor’ provisions of the PSLRA. ZAP’s actual results may vary materially from those described in any ‘forward-looking statement’ due to, among other possible reasons, the continued acceptance of ZAP’s products, increased levels of competition, new products and technological changes, ZAP’s dependence on third-party suppliers, intellectual property rights, and the realization of any of the other risks described in ZAP’s Annual Report on Form 10-KSB, or in any of ZAP’s other filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to put undue reliance on forward looking statements.
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