ZENN to acquire 51% of EEStor; most recent 3rd-party testing of EESU problematic
Green Car Congress
DECEMBER 24, 2013
Canada-based ZENN Motor Company Inc. ZENN has advanced EEStor $50,000 of the purchase price on the signing of the Investment Agreement which will be converted to EEStor shares if closing occurs. In 2009, Canada-based ZENN, formerly a seller of lead-acid-battery-powered low-speed electric vehicles, switched its business strategy from selling EVs to distributing an electric drivetrain powered by EEStor units, once the EEstor EESU units became available.