Last $0.11 USD
Change Today -0.0032 / -2.83%
Volume 278.5K
ZAAP On Other Exchanges
Symbol
Exchange
OTC US
Stuttgart
As of 8:10 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

zap (ZAAP) Key Developments

ZAP and Jonway Auto Receive 25,000 Committed Orders for its Newest Electric Vehicles Models of URBEE and SPARKEE

ZAP jointly with Jonway Auto, its subsidiary in Zhejiang, China, announced the receipt of 25,000 committed direct orders for its newest EV models of URBEE and SPARKEE. An independent super dealer company was set up by Jonway Group to manage the volume orders and the logistics of managing the new dealers in multiple regions in China. The aggregate committed purchase orders of over 25,000 were placed with down payments from more than 30 new dealers in Beijing, Guangdong, Zhejiang, Henan, Hebei, Xian, Jinan, Shandong, and Nantong. These new dealers are the long established major dealership partners of Jonway Group from Jonway Motorcycle business. Most of the orders were placed for the full electric URBEE, which is viewed by these dealers as a well-positioned product for the metro cities of China and a new entry into the market space that addresses the mass market demands at the right price with quality. With a driving range of over 150 km per charge, it is ideally suited for daily city driving with overnight recharging. Production of both URBEE and SPARKEE has begun, as the Jonway Auto factory readies itself for the volume manufacturing delivery of 2,000 vehicles per month starting June 2014. Delivery of these 25,000 vehicles is scheduled over the next six months.

ZAP announced delayed annual 10-K filing

On 04/01/2014, ZAP announced that they will be unable to file their next 10-K by the deadline required by the SEC.

ZAP Appoints Chi Kwong Fung as Chief Financial Officer

Effective January 23, 2014, the ZAP appointed Chi Kwong Fung as the Company's Chief Financial Officer. Mr. Fung previously served as the Company's Finance Director and interim Chief Financial Officer. Mr. Fung has served as Senior Finance Manager for SF Express (Group) Co. Limited. He also served as Financial Controller for Carlo Castello Management & Accounting Services Ltd.

ZAP Announces Executive Changes

Effective August 6, 2013, Benjamin Zhu, for personal reasons, resigned as the ZAP's Corporate Secretary and its Chief Financial Officer. The Company has appointed Chi Kwong Fung as the Company's new Finance Director and interim Chief Financial Officer pending the Company's hiring of a Chief Financial Officer. Mr. Fung most recently served as Senior Finance Manager for SF Express (Group) Co. Limited. He served as Financial Controller for Carlo Castello Management & Accounting Services Ltd. Charles Schillings, the Company's Co-Chief Executive Officer, has been appointed as Corporate Secretary.

ZAP, Annual General Meeting, Aug 07, 2013

ZAP, Annual General Meeting, Aug 07, 2013., at 10:00 Pacific Standard Time. Location: San Francisco Airport Marriott Waterfront. Agenda: To elect five members of the Board of Directors; to ratify the appointment of Friedman LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2013; to hold an advisory vote on named executive officer compensation; to hold an advisory vote on the frequency of future advisory votes on named executive officer compensation; and to act upon such other matters as may properly come before the annual meeting or any adjournments or postponements thereof.

 

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Price/Book 10.5x
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