ISTANBUL, TURKEY--(Marketwire - Nov 19, 2012) - ZAP Jonway (OTCBB: ZAAP) with Mermerler Automotive Co. showed gas and electric versions of its A380 SUV November 1 to 11 at the 2012 Istanbul Auto Show.
The E380 EV-5 five door electric sports utility vehicle (SUV) uses the latest technology to increase the versatility of electric vehicles (EVs) for automotive fleets with more range, speed, quality and value. ZAP Jonway's US-China engineering team delivered an EV capable of 100+ mile range and freeway speeds at a moderate price, while successfully completing a complex series of type approval tests in China. The Company expects to receive formal notification from the Chinese government on its type approval in the near future.
ZAP Jonway and Mermerler showed the conventional gasoline version of A380 SUV, which is expected to use a locally produced engine and gearbox under EU-5 standards. This new power train configuration will undergo a series of certifications before entering the EU market.
"We are pleased to be among the few companies in the world today producing both gas and electric automobiles exhibiting in Istanbul, and also the first company in the world today to have a type approved tested EV SUV that can be offered in China and internationally," said Alex Wang, Co-CEO of ZAP. "Our presence in this Istanbul Auto Show gives us European market publicity which would not have been possible without our local partner, the reputable Mermerler Group."
Mermerler Automotive Co., based in Istanbul, Turkey, has been active in the automotive world since 1943, today offering six automotive brands while providing a 24-hour spare part supply guarantee nationwide. Mermerler had been Mazda's distributor for 26 years and in 2008 introduced Chery to the Turkish market. Visit http://www.mermerler.com for more information.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of ZAP's products, increased levels of competition, new products and technological changes, ZAP's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in ZAP's periodic reports filed with the Securities and Exchange Commission