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Driving Green in China Towards a New Generation of Electric and Hybrid Vehicles
Toyota, ZAP and Honda Bring Environmentally Friendly Cars to China
| Source: China-AsiaStocks.com; ZAP
POINT ROBERTS, WA and DELTA, BC--(Marketwire - August 10, 2007) - www.China-AsiaStocks.com,
an investor and industry portal focused on the China-Asia sector,
spotlights China as it plays a key role in the future success of electric
and hybrid vehicles. As the number of cars is expected to grow
significantly in China, eco-friendly choices are a must as China battles
massive environmental and air quality concerns.
Capitalizing on the nation's need for cleaner alternative transportation
are several car manufacturers that are turning China's challenges into
lucrative business opportunities. Among the companies with their eyes on
China as a key expansion market are Japan's Honda Motor Co., who recently
announced they will start selling hybrid cars in China later this year; and
Toyota, the first foreign car manufacturer to bring hybrid cars to market
in China in late 2005 with its branded Prius model.
Electric car pioneer ZAP (OTCBB : ZAAP ) has also set its sights on this
rapidly developing region, entering into a supply agreement to acquire
$5.168 Million in lithium-polymer and nanotech batteries from China-based
developer Advanced Battery Technologies, Inc. A joint development office in
Beijing has been announced to focus on R&D, manufacturing and marketing of
these advanced batteries for use in various electric cars, utilizing
innovative nanotechnology to improve overall performance and radically
shorten the charging time.
After a comprehensive feasibility study, ZAP has found that the only place
to manufacture a commercially viable electric car is in China.
"We've compared the bill of materials to manufacture an automobile in the
Western Hemisphere versus China, and nothing comes close. Not only is this
the business opportunity of a lifetime, it's an opportunity to do the right
thing. China has the potential to make the dream of electric cars a reality
for the world, and in turn they can benefit from this new technology. So,
it's a win-win," describes ZAP CEO Steve Schneider.
Learn more about new technology, fuels and trends in the green
transportation shift in the new "Driving Green" environmental podcast at
InvestorIdeas.com: http://www.investorideas.com/dg/
Showcase Green Car Sponsor:
ZAP (OTCBB : ZAAP ) - Ride the Future!
ZAP has been a leader in advanced transportation technologies since 1994,
delivering over 100,000 vehicles to consumers in more than 75 countries. At
the forefront of fuel-efficient transportation with new technologies
including energy efficient gas systems, hydrogen, electric, fuel cell,
ethanol, hybrid and other innovative power systems, ZAP is developing a
high-performance crossover SUV electric car concept called ZAP-X engineered
by Lotus Engineering. Zap has also announced an affordable High Performance
Electric Vehicle with a target price of $30,000 using many of the
technologies of the ZAP-X. In addition, the Company recently launched a new
portable energy technology that manages power for mobile electronics, like
cell phones and laptops. For more product, dealer and investor information
visit: http://www.renewableenergystocks.com/CO/ZAAP or
http://www.zapworld.com
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