ZAP Acquires 51% Stake in China’s Jonway Auto in Focus On China EV Market; Plans Acquisition of Other 49% in Second Phase
Green Car Congress
SEPTEMBER 20, 2010
ZAP Jonway plans to introduce an electric A280—the “little brother”to the A380 being used as an electric taxi. ZAP and Jonway Group announced they had earlier signed definitive agreements according to which ZAP will acquire 51% of Zhejiang Jonway Automobile Co. —Alex Wang, CEO of Jonway Automobile.
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