ZAP Jonway Gets Approval from China National Grid for Battery Swap Version of E380 SUV

ZAP Jonway Gets Approval from China National Grid for Battery Swap Version of
                                   E380 SUV

PR Newswire

SANTA ROSA, Calif., April 1, 2013

SANTA ROSA, Calif., April 1, 2013 /PRNewswire/ -- ZAP (ZAAP) an automotive
company incorporated in California and headquartered in Santa Rosa, California
announced that the battery Swap version of the E380 SUV has been approved by
China National Grid for its battery swap stations in China, based in Hangzhou,
Zhejiang Province.



The Battery Swap Version of E380 SUV (Model E380-S) was designed specifically
to work with the robotic system used for battery swapping as specified by
China National Grid.The battery packs that are used have been standardized
to fit the robotic arm and also the recharging cabinets in the government
funded charging stations that are being deployed by China National Grid.
China National Grid (C-NG), the government monopoly that supplies electric
power to China has launched extensive programs in selected provinces to
support fast battery swapping. Generally, the swap out and replacement takes
no more than 6 minutes to complete. In order to stimulate the adoption of
Electric Vehicles (EVs), C-NG is promoting the sale of EVs without including
the cost of the lithium batteries, and the batteries will be leased from C-NG
or authorized funding partners.This business model is being adopted by taxis
in Hangzhou, and also by a number of leasing companies that are working in
partnership with C-NG. The vehicles could be leased to owners and paid over
a period of several years and the cost of the batteries is financed by C-NG
and amortized over that period of time.

ZAP Jonway's E380-S, developed by ZAP Hangzhou Joint Venture was done in
collaboration with China National Grid's engineers and is an alternative model
to the E380 SUV that was type approved in January 2013. This E380-S model
will undergo type approval in the battery swap configuration. As a follow on
product to the E380, the type approval will take shorter time than the first
one and the plan is to complete this by the end of this summer. The target
market will be taxis and leasing companies where fast battery swap-out is
needed to give quick turnaround for a "refill". ZAP Hangzhou JV team is
working with a few leasing companies to potentially offer financing to taxis
and interested buyers.

The robot and the automated battery swap and recharge station are compact and
were designed to easily fit into an existing gas station. This automated
system was designed by C-NG's engineering team, and C-NG plans to make this
available for the international markets as well. By standardizing the
removable battery packs that fit with the robot arm, C-NG has simplified the
EV designs and thus accelerated the advancement and adoption of EV in the auto
industry in China. ZAP Hangzhou JV's engineers continue to work closely with
China National Grid's team to expand the availability of the E380-S and their
automated battery swap stations in other major cities in China, and
potentially elsewhere in the world.

About ZAP Jonway

ZAP Jonway (stands for ZAP and its subsidiary company in China, Jonway
Automobile) designs and manufactures quality, affordable gasoline and new
energy electric vehicles (EVs). Jonway Automobile has ISO 9000 manufacturing
facilities, engineering, sales and customer services facilities in China, ZAP
Jonway has production capacity of up to 50,000 vehicles per year, and has
sales distribution network in China. ZAP, an early pioneer of EVs, brings to
both companies a broad range of EV design experience that is applied to the
new product lines. ZAP Jonway is headquartered in Santa Rosa, California and
Jonway Auto is located in Zhejiang Province of the People's Republic of China.
Additional information about ZAP Jonway is available at

Michael Ringstad

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