Zap to make electric SUVs for Korean market

Zap announced last week that they received an order from Samyang Optics Co. Ltd. for 100 electric SUVs. the vehicles wil be manufactured in partnership with China auto manufacturer Zhejiang Jonway Automobile Co. Ltd. The electric SUV, to be based on Jonway’s A380 5-door SUV, will have a top speed of 70 mph and a range of 100 mph. The target market in Korea is fleet vehicles for intra-campus transportation for large government, military, corporate and university campuses. according to ZAP the vehicles will be assembled in China at ZAP Hangzhou, a joint venture recently formed with Holley Group, a global supplier of electric power meters based in Hangzhou, and Better World International Limited, funded by Cathaya Funds. The contract is reflective of a strong push in the electric vehicle market by the Korean government. – Marc Cesare Learn more: Zapglobal.wordpress.com