- Apr 30, 2012
Zaptera! The Aptera 2e resurfaces in China as Zap Jonway product *UPDATE
You see, that great white flightless bird of electric fancy was just spotted at the Beijing Motor Show by Matthew Ungar, an expat who is somewhat familiar with the car's history. He was intrigued to see it on display in China and so, luckily for us, got the lowdown on its purported future and snapped a bunch a pics to place on his (very cool) blog PRC and Me.
This is where the story gets weird. Apparently, the future builder of the Aptera 2e – likely to be renamed something else –
Now, if you're thinking, "Wait, what about the Alias? Are they still going to build that too?", relax. A press release on the company's website points its manufacture beginning the fourth quarter of 2012 saying, "This limited edition production is now planned due to popular demand."
Sadly, we remain skeptical that any of this will come to pass. Besides the company's controversial history, there's this; Zap closed its showroom in Santa Rosa a year ago and, under the terms of a lawsuit resolution with former investor Al Yousuf Group, handed over the deed to this and another property, and promised to repay an additional $1.3 million. Also, from its recently filed 10-4:
Hardly inspires confidence in a Zaptera-filled future, does it? Scroll down for the official press release detailing the company's presence at the Beijing Motor Show which, like its financial filing, lacks any specific mention of a certain composite-bodied vehicle formerly known as the Aptera 2e.
ZAP incurred net losses attributable to ZAP of $40.8million, $19.0 million, and $11.3 million for years ended December 31, 2011, 2010 and 2009, respectively and has had net losses in each quarter since its inception. Jonway incurred net losses of $ 10.2 million and $445,000 for the years ended December 31, 2011 and 2010.
*UPDATE: We've received word that the Aptera wasn't bought by Zap Jonway, though Zhejiang Jonway Group will construct the chassis in China for Zaptera U.S.A..
ZAP Jonway Exhibits at the 2012 Beijing International Automotive Show
SANTA ROSA, Calif., April 26, 2012 (GLOBE NEWSWIRE) -- ZAP Jonway (ZAAP.OB - News), a manufacturer of gasoline and new energy electric vehicles (EVs), will showcase its traditional gas and all-electric vehicles at the 2012 Beijing International Automotive Exhibition held from April 23, 2012 through May 2, 2012 at the China International Exhibition Center in Beijing, China. ZAP Jonway's stand will be in Hall E2.
Alex Wang, Co-CEO of ZAP Jonway and CEO of Jonway Automobile, stated: "The Beijing Auto Show is one of the most important automobile showcase in the world. We are excited to display several of our Jonway Auto vehicles, including our new five-door gasoline SUV, the JNZ A380-G with its fully re-styled interior, and our EV product line."
The 2012 Beijing International Automotive Exhibition is globally recognized as one of the most important auto shows in the world. Held every two years, the 2010 exhibition set a new record for auto shows in Asia with 785,600 visitors and over 2,100 exhibitors from over 16 countries and regions in attendance. The Beijing International Automotive Exhibition is now one of the most influential in the auto industry as China is becoming one of the most important auto markets in the world.
About ZAP Jonway
ZAP Jonway combines the attributes of both companies, ZAP and Jonway Automobile, to design and manufacture quality, affordable gasoline and new energy electric vehicles (EVs). With Jonway Automobile's established ISO 9000 manufacturing facilities, research and development and sales and customer services facilities in China, ZAP Jonway is well positioned to scale up production and sales for both gasoline and EVs for China and the international markets. ZAP, an early pioneer of EVs, brings to the new combined company a broad range of EV design experience that is being applied to new product lines. ZAP Jonway is focused on addressing on EV fleets targeting city delivery trucks and vans used by university campuses, government and corporate markets in China and the United States, while utilizing its gasoline vehicle production quantities to gain economy of scale through its common vehicle parts and platforms. ZAP Jonway benefits from the established China dealership and customer support network developed by Jonway Automobile for its China sales and services. ZAP Jonway is headquartered in Santa Rosa, California and its production facility is located in Zhejiang Province of the People's Republic of China. Additional information about ZAP Jonway is available at http://www.zapworld.com.
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.