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03/7/14 - €0.29
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zap (UW4) Details

ZAP, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles in the United States. It offers alternative energy and fuel efficient automobiles, motorcycles, bicycles, scooters, personal watercraft, hovercraft, neighborhood electric vehicles, and commercial vehicles. The company primarily offers its products to military, government, and corporate fleets, as well as through Internet. It was formerly known as ZAPWORLD.COM and changed its name to ZAP in 2001. The company was founded in 1994 and is headquartered in Santa Rosa, California.

405 Employees
Last Reported Date: 04/15/14
Founded in 1994

zap (UW4) Top Compensated Officers

Co-Chief Executive Officer, Corporate Secreta...
Total Annual Compensation: $162.0K
Co-Chief Executive Officer, Director and Co-C...
Total Annual Compensation: $150.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $34.0K
Compensation as of Fiscal Year 2013.

zap (UW4) Key Developments

ZAP and Jonway Auto Signs with Major OEM Partner AIMA to Strengthen EV Sales Dealership Network

ZAP and its subsidiary Jonway Auto strengthens its EV sales distribution network with signing an OEM contract with AIMA. AIMA will be selling the new URBEE models through its 2000 EV motorcycle dealers all over China. AIMA is headquartered in Tianjin and had sales of over 3 million electric motorcycles last year in China. AIMA, working with Jonway Auto funded a new design of the URBEE family to provide a unique look for its brand. Sales of these new models will commence in January 2015, and the products will be manufactured in Jonway Auto's factory in Zhejiang Province, just south of Shanghai. Categorized as a low speed vehicle, the URBEEs can be driven on city streets with a maximum speed limit of 35 mph but does not require the driver to hold a driver's license. The other OEM partners are Sunra from Jiangsu Province, third large EV motorcycle manufacturer in China, Zongshen, the large EV 3- wheel motorcycle manufacturer in China, also based out of Jiangsu, Da Jiang from Hebei Province, and Wu Yang from Henan Province. In anticipation of legal categorization of low speed vehicles in China, these manufacturers are gearing up sales. Each of these companies has paid for their own unique look and feel of the URBEE to market into their dealership networks. The motorcycle dealerships' current targeted market aligns with the customers that are interested in the URBEE product because these customers are generally city commuters looking for an affordable vehicle driving at city speeds, with a comfortable ride and compact enough for easy parking.

ZAP and Jonway Auto Receive 25,000 Committed Orders for its Newest Electric Vehicles Models of URBEE and SPARKEE

ZAP jointly with Jonway Auto, its subsidiary in Zhejiang, China, announced the receipt of 25,000 committed direct orders for its newest EV models of URBEE and SPARKEE. An independent super dealer company was set up by Jonway Group to manage the volume orders and the logistics of managing the new dealers in multiple regions in China. The aggregate committed purchase orders of over 25,000 were placed with down payments from more than 30 new dealers in Beijing, Guangdong, Zhejiang, Henan, Hebei, Xian, Jinan, Shandong, and Nantong. These new dealers are the long established major dealership partners of Jonway Group from Jonway Motorcycle business. Most of the orders were placed for the full electric URBEE, which is viewed by these dealers as a well-positioned product for the metro cities of China and a new entry into the market space that addresses the mass market demands at the right price with quality. With a driving range of over 150 km per charge, it is ideally suited for daily city driving with overnight recharging. Production of both URBEE and SPARKEE has begun, as the Jonway Auto factory readies itself for the volume manufacturing delivery of 2,000 vehicles per month starting June 2014. Delivery of these 25,000 vehicles is scheduled over the next six months.

ZAP announced delayed annual 10-K filing

On 04/01/2014, ZAP announced that they will be unable to file their next 10-K by the deadline required by the SEC.


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