Electric Car Stocks Investor Alert; Tesla Motors, Inc. (NASDAQ: TSLA) Reports Strong Sequential Revenue Growth
Company Snapshots for Tesla Motors, Inc. (NASDAQ: TSLA),EVCARCO (OTCBB: EVCA)
February 16, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com a leader in cleantech investor research, reports on electric car stocks and battery stocks trading following better than expected earnings news from Tesla Motors, Inc. (NASDAQ: TSLA).
Sector Snapshot
A123 Systems, Inc. (NasdaqGM: AONE) trading at $9.89, up 0.15 (1.54%) 10:17AM EST
ENER1, Inc. (NASDAQ: HEV) trading at $ 3.77 0.00 (0.00%)
Ecotality, Inc. (NasdaqCM: ECTY) trading at $ 3.83, up 0.0894 (2.39%)
EVCARCO (OTCBB: EVCA)) trading at $0.0630, up 0.0140 (28.57%)
Tesla Motors, Inc. (NASDAQ: TSLA) trading at $ 24.36, up $1.52 (6.65%) 10:15AM EST
UQM Technologies, Inc. (NYSE Amex: UQM) trading at $ 3.46 0.00 (0.00%)
Valence Technology, Inc. (NASDAQ:VLNC) trading at $ 1.42 0.00 (0.00%)
ZENN MOTOR COMPANY INC. (CDNX: ZNN.V) trading at $ 1.77 0.08 (4.73%)
Market Snapshot
Dow 12,287.38 +60.74 +0.50%
Nasdaq 2,821.64 +17.29 +0.62%
S&P 500 1,335.12 +7.11 +0.54%
10 Yr Bond (%) 3.6210% +0.0050
Oil 84.47 +0.15 +0.18%
Gold 1,371.40 -2.20 -0.16%
Company Snapshots
EVCARCO (OTCBB: EVCA) (www.evcarco.com) is an automotive retail group dedicated to deploying a franchised coast-to-coast network of environmentally friendly dealerships and vehicles.
Tesla Motors, Inc. (NASDAQ: TSLA) Tesla's goal is to produce a full range of electric cars, from premium sports cars to mass-market vehicles – relentlessly driving down the cost of electric vehicles. It is currently the only automaker in the United States that builds and sells highway-capable EVs in serial production. Palo Alto, California-based Tesla designs and manufactures EVs and EV powertrain components. Tesla has delivered more than 1,500 Roadsters to customers in North America, Europe and Asia. The Tesla Roadster accelerates faster than most sports cars yet produces no emissions.
Recent News
Tesla Motors (Nasdaq:TSLA ) Reports Fourth Quarter and Full Year 2010 Results
Strong Sequential Revenue Growth
Gross Margin Improves
Model S Alpha Drives on Schedule; Program on Track for mid-2012 Deliveries
PALO ALTO, Calif.--(www.investorideas.com renewable energy/green newswire )-- Tesla Motors, Inc. (Nasdaq:TSLA ) today announced its preliminary unaudited financial results for the quarter and year ended December 31, 2010. Revenues for the fourth quarter of 2010 were $36.3 million, a 16% increase from the $31.2 million reported in the prior quarter. Gross margin improved to 31%, up from 30% for the prior quarter. On a full year basis, 2010 revenues were $116.7 million as compared with revenues of $111.9 million reported in the prior year. Gross margin improved to 26% for the full year 2010, up from 9% for 2009.
Full news: http://www.investorideas.com/news/2011/renewable-energy/02161.asp
Recent Headlines for Electric Car Stocks
Federal Government Charges Up Electric Car Market
The federal government is hitting the gas on incentive programs meant to prop up the electric car market, raising questions about whether it's appropriate for Washington to continue subsidizing an industry it's already invested in heavily
Fox News
Full news: http://www.foxnews.com/politics/2011/02/15/federal-government-charges-electric-car-market/
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Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Disclosure: Investorideas is compensated by featured green companies EVCARCO (OTCBB: EVCA) is a former showcase stock at Investorideas.com and compensated the site 500,000 144 shares in lieu of cash compensation.
To become a showcase company, contact us below.
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Showing posts with label elecric cars. Show all posts
Showing posts with label elecric cars. Show all posts
Wednesday, February 16, 2011
Tuesday, July 27, 2010
Driving Green; Electric Car News; Enterprise Rent-A-Car To Offer the Nissan Motor Company, Ltd (TYO: 7201; Pink Sheets: NSANY) LEAF
Driving Green; Electric Car News; Enterprise Rent-A-Car To Offer the Nissan Motor Company, Ltd (TYO: 7201; Pink Sheets: NSANY) LEAF
July 27, 2010 Driving Green at Investorideas.com reports on recent news and developments for green and electric car stocks from Nissan Motor Company, Ltd (TYO: 7201; Pink Sheets: NSANY) and EVCARCO (OTC.BB: EVCA).
Read and Hear Driving Green Podcast and industry commentary, part of the green investor content at Investorieas.com and Renewableenergystocks.com:
Driving Green Podcasts and Commentary at Investorideas.com
Recent Electric and Green Car news and developments:
Enterprise Rent-A-Car to Begin Offering Electric Vehicles in U.S.
Nissan LEAFs Will Be Available in Select Markets Next Year – Extending Enterprise’s Commitment to Support Clean, New Technologies
July 27, 2010 (St. Louis) – Enterprise Rent-A-Car today announced the first phase of its plans to offer electric vehicles (EVs) at select offices throughout its neighborhood network of more than 5,000 U.S. locations. Delivery of 500 Nissan LEAFs will begin in January 2011 and will continue throughout the year. In addition to the LEAFs, the company will offer customers electric vehicles from other manufacturers as they become available. The announcement is the latest evolution of Enterprise’s ongoing commitment to embracing alternative technologies and bringing viable solutions to the market place.
"As a company that owns and operates the world’s largest fleet of passenger vehicles, we have a vested interest and a history of working with manufacturers to integrate alternative-powered vehicles into our fleet," said Lee Broughton, director of sustainability for Enterprise Holdings, which owns and operates Enterprise Rent-A-Car as well as the Alamo Rent A Car and National Car Rental brands. "With airport and neighborhood locations within 15 miles of 90 percent of the U.S. population, our Enterprise Rent-A-Car offices are uniquely positioned to test the market viability of new alternative fuel technologies like the electric vehicle with daily commuters nationwide."
Electric vehicles, commonly referred to as EVs, use no gasoline and do not produce greenhouse gas emissions. The cars can be charged using a standard 110-volt home outlet, or a 220-volt or 480-volt commercial charging station. Most EVs can travel about 100 miles on a single charge, accommodating the travel habits of the daily commuter, who drives an average of approximately 40 miles a day.
United States Patent and Trademark Office Grants EVCARCO (OTCBB: EVCA) Its Registered Intellectual Property Trademarks
Future Driven and EVCARCO Protected by US Federal Government as Part of Electric Car Companies Franchise Development Program
DALLAS, TX and WASHINGTON, DC - July 27, 2010 (Investorideas.com Newswire) - EVCARCO (OTCBB: EVCA), a publicly held company in alternative energy vehicles, announced today that the company has officially been granted its four Registered Trademarks including "EVCARCO" and its slogan "Future Driven."
Full news: http://www.investorideas.com/CO/EVCA/news/7271.asp
Green Car Stocks Snapshot:
EVCARCO (OTC.BB: EVCA) is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, hydrogen fuel injection, and alternative fuel vehicles. EVCARCO has developed a dealer network allowing growth into most US States by 2012.
Nissan Motor Company, Ltd (TYO: 7201; Pink Sheets: NSANY)
Nissan Zero Emission Website
http://www.nissan-zeroemission.com
The Renault-Nissan Alliance seeks to be a global leader in zero-emission mobility. To date, the Alliance has entered into more than 60 partnerships worldwide with countries, cities, organizations and other key stakeholders to prepare the markets and necessary infrastructure for the successful adoption of EVs around the world. Nissan will launch Nissan LEAF, the company's first affordable, 100 percent electric, zero-emission car in December 2010 in Japan, the United States and Europe.
To research our full list of Green Automotive Stocks and battery stocks visit the renewable energy stock directory at Investorideas.com and RenewableEnergyStocks.com
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content that currently features an additional 10 stock directories, including the water stocks directory and all cleantech stock directories. http://www.investorideas.com/membership/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com, creating a meeting place for investors, public companies and industry leaders following developments in renewable and green energy. The site provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, research and a comprehensive global directory of stocks within the renewable energy sector. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch.
Visit Investor Ideas showcase green stocks and research green stocks at: www.renewableenergystocks.com and http://www.investorideas.com/GI/
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Our Green Social Networks:
Cleantech Investor Member Network at Socialgo.com
http://investorideas.socialgo.com/
Renewable Energy Stocks Group on www.linkedin.com-
This group is for investors following publicly traded green and renewable energy stocks, as well as IR and PR contacts. Members are encouraged to share and publish news and commentary on the sector.
Visit and Join the Group on Linkedin.com:
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Disclosure: Investorideas is compensated by featured green companies including EVCARCO (OTC.BB: EVCA) (five thousand per month in 144 shares), news submissions and online advertising
Disclosure .Learn about our green showcase options for publicly traded cleantech companies. To become a showcase company, contact us below.
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com or Cali at cvanzant@investorideas.com
Source: www.RenewableEnergyStocks.com, www.Investorideas.com
Research the sector:
The renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM, Hong Kong and China markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Become a member and get even more : Investor Ideas members can login to access all 4 cleantech stock directories. Learn more : http://www.investorideas.com/membership/
Investorideas.com goal - One Million More Investors Investing in Green Technology and Water Technology in 2010!
July 27, 2010 Driving Green at Investorideas.com reports on recent news and developments for green and electric car stocks from Nissan Motor Company, Ltd (TYO: 7201; Pink Sheets: NSANY) and EVCARCO (OTC.BB: EVCA).
Read and Hear Driving Green Podcast and industry commentary, part of the green investor content at Investorieas.com and Renewableenergystocks.com:
Driving Green Podcasts and Commentary at Investorideas.com
Recent Electric and Green Car news and developments:
Enterprise Rent-A-Car to Begin Offering Electric Vehicles in U.S.
Nissan LEAFs Will Be Available in Select Markets Next Year – Extending Enterprise’s Commitment to Support Clean, New Technologies
July 27, 2010 (St. Louis) – Enterprise Rent-A-Car today announced the first phase of its plans to offer electric vehicles (EVs) at select offices throughout its neighborhood network of more than 5,000 U.S. locations. Delivery of 500 Nissan LEAFs will begin in January 2011 and will continue throughout the year. In addition to the LEAFs, the company will offer customers electric vehicles from other manufacturers as they become available. The announcement is the latest evolution of Enterprise’s ongoing commitment to embracing alternative technologies and bringing viable solutions to the market place.
"As a company that owns and operates the world’s largest fleet of passenger vehicles, we have a vested interest and a history of working with manufacturers to integrate alternative-powered vehicles into our fleet," said Lee Broughton, director of sustainability for Enterprise Holdings, which owns and operates Enterprise Rent-A-Car as well as the Alamo Rent A Car and National Car Rental brands. "With airport and neighborhood locations within 15 miles of 90 percent of the U.S. population, our Enterprise Rent-A-Car offices are uniquely positioned to test the market viability of new alternative fuel technologies like the electric vehicle with daily commuters nationwide."
Electric vehicles, commonly referred to as EVs, use no gasoline and do not produce greenhouse gas emissions. The cars can be charged using a standard 110-volt home outlet, or a 220-volt or 480-volt commercial charging station. Most EVs can travel about 100 miles on a single charge, accommodating the travel habits of the daily commuter, who drives an average of approximately 40 miles a day.
United States Patent and Trademark Office Grants EVCARCO (OTCBB: EVCA) Its Registered Intellectual Property Trademarks
Future Driven and EVCARCO Protected by US Federal Government as Part of Electric Car Companies Franchise Development Program
DALLAS, TX and WASHINGTON, DC - July 27, 2010 (Investorideas.com Newswire) - EVCARCO (OTCBB: EVCA), a publicly held company in alternative energy vehicles, announced today that the company has officially been granted its four Registered Trademarks including "EVCARCO" and its slogan "Future Driven."
Full news: http://www.investorideas.com/CO/EVCA/news/7271.asp
Green Car Stocks Snapshot:
EVCARCO (OTC.BB: EVCA) is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, hydrogen fuel injection, and alternative fuel vehicles. EVCARCO has developed a dealer network allowing growth into most US States by 2012.
Nissan Motor Company, Ltd (TYO: 7201; Pink Sheets: NSANY)
Nissan Zero Emission Website
http://www.nissan-zeroemission.com
The Renault-Nissan Alliance seeks to be a global leader in zero-emission mobility. To date, the Alliance has entered into more than 60 partnerships worldwide with countries, cities, organizations and other key stakeholders to prepare the markets and necessary infrastructure for the successful adoption of EVs around the world. Nissan will launch Nissan LEAF, the company's first affordable, 100 percent electric, zero-emission car in December 2010 in Japan, the United States and Europe.
To research our full list of Green Automotive Stocks and battery stocks visit the renewable energy stock directory at Investorideas.com and RenewableEnergyStocks.com
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content that currently features an additional 10 stock directories, including the water stocks directory and all cleantech stock directories. http://www.investorideas.com/membership/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com, creating a meeting place for investors, public companies and industry leaders following developments in renewable and green energy. The site provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, research and a comprehensive global directory of stocks within the renewable energy sector. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch.
Visit Investor Ideas showcase green stocks and research green stocks at: www.renewableenergystocks.com and http://www.investorideas.com/GI/
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Our Green Social Networks:
Cleantech Investor Member Network at Socialgo.com
http://investorideas.socialgo.com/
Renewable Energy Stocks Group on www.linkedin.com-
This group is for investors following publicly traded green and renewable energy stocks, as well as IR and PR contacts. Members are encouraged to share and publish news and commentary on the sector.
Visit and Join the Group on Linkedin.com:
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Disclosure: Investorideas is compensated by featured green companies including EVCARCO (OTC.BB: EVCA) (five thousand per month in 144 shares), news submissions and online advertising
Disclosure .Learn about our green showcase options for publicly traded cleantech companies. To become a showcase company, contact us below.
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com or Cali at cvanzant@investorideas.com
Source: www.RenewableEnergyStocks.com, www.Investorideas.com
Research the sector:
The renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM, Hong Kong and China markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Become a member and get even more : Investor Ideas members can login to access all 4 cleantech stock directories. Learn more : http://www.investorideas.com/membership/
Investorideas.com goal - One Million More Investors Investing in Green Technology and Water Technology in 2010!
Wednesday, March 26, 2008
ZAP Chairman Says Time Is Now for the Electric Car
ZAP Chairman Says Time Is Now for the Electric Car
SANTA ROSA, CA., Mar 26, 2008 - Gary Starr, Chairman for electric car pioneer ZAP (OTCBB: ZAAP) said the time is now for electric cars in an online presentation with InvestorIdeas.com as part of its Green Tech Conference.
Starr's presentation from last week's Green Tech Conference covers the latest developments with ZAP is now available online at http://www.investorideas.com/Forums/Media/Green2/zaap/default.aspx.
Starr talks about today's market conditions and how electric vehicles can help deal with the energy crisis, the economy and the environment. He also talks about the growing dilemma and opportunity represented by what he calls the "Asia Factor."
Starr co-founded ZAP in 1994. With over 100,000 electric cars, scooters, bicycles, ATVs and more delivered under his direction, Starr is a leading authority in electric transportation. He built his first electric car as a UC Davis undergraduate in 1974 during the OPEC Oil Embargo when people had to wait in line to fill up with gas. He was frustrated by the fuel shortage and asked one of the professors about electric cars. He was told that electric cars could not go fast enough, far enough and were too expensive. A few months later, Starr built his first electric car with mostly junk and surplus parts. The converted dune buggy went 50 MPH, had a range per charge of 50 miles and cost about $2,500 to make.
Starr eventually pursued a career in alternative energy and transportation. He was the founder for US Electricar's electric vehicle operations in 1983. He has written several publications including: "Electric Cars: Your Guide to Clean Motoring," "The Shocking Truth of Electric Cars," and "The True Cost of Oil." In 1993, Starr was selected by Automotive News as one of the top ten most influential people in the electric car industry. Mr. Starr has a Bachelor of Science Degree in Environmental Consulting and Advocacy.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias in collaboration with Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit 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 the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal. For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:ZAPAlex Campbell707-525-8658 ext. 241acampbell@zapworld.com
Source: ZAP
SANTA ROSA, CA., Mar 26, 2008 - Gary Starr, Chairman for electric car pioneer ZAP (OTCBB: ZAAP) said the time is now for electric cars in an online presentation with InvestorIdeas.com as part of its Green Tech Conference.
Starr's presentation from last week's Green Tech Conference covers the latest developments with ZAP is now available online at http://www.investorideas.com/Forums/Media/Green2/zaap/default.aspx.
Starr talks about today's market conditions and how electric vehicles can help deal with the energy crisis, the economy and the environment. He also talks about the growing dilemma and opportunity represented by what he calls the "Asia Factor."
Starr co-founded ZAP in 1994. With over 100,000 electric cars, scooters, bicycles, ATVs and more delivered under his direction, Starr is a leading authority in electric transportation. He built his first electric car as a UC Davis undergraduate in 1974 during the OPEC Oil Embargo when people had to wait in line to fill up with gas. He was frustrated by the fuel shortage and asked one of the professors about electric cars. He was told that electric cars could not go fast enough, far enough and were too expensive. A few months later, Starr built his first electric car with mostly junk and surplus parts. The converted dune buggy went 50 MPH, had a range per charge of 50 miles and cost about $2,500 to make.
Starr eventually pursued a career in alternative energy and transportation. He was the founder for US Electricar's electric vehicle operations in 1983. He has written several publications including: "Electric Cars: Your Guide to Clean Motoring," "The Shocking Truth of Electric Cars," and "The True Cost of Oil." In 1993, Starr was selected by Automotive News as one of the top ten most influential people in the electric car industry. Mr. Starr has a Bachelor of Science Degree in Environmental Consulting and Advocacy.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias in collaboration with Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit 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 the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal. For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:ZAPAlex Campbell707-525-8658 ext. 241acampbell@zapworld.com
Source: ZAP
Thursday, February 07, 2008
Detroit Electric Car to Return After 100 Years ZAP Alias(TM) to Carry Revived Detroit Electric Brand
Detroit Electric Car to Return After 100 Years ZAP Alias(TM) to Carry Revived Detroit Electric Brand
JINHUA, China and SANTA ROSA, Calif., Feb. 7, 2007 - In a joint announcement, US electric car pioneer ZAP (OTCBB: ZAAP) and China Youngman Automotive Group announced today they are reviving the 100- year-old electric car brand Detroit Electric for their automotive joint venture. Detroit Electric officials look forward to bringing new vehicle technologies to market by 2009, and beyond that the possibility of bringing new manufacturing and green collar jobs to California.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080207/AQTH095-a) (Photo: http://www.newscom.com/cgi-bin/prnh/20080207/AQTH095-b) (Logo: http://www.newscom.com/cgi-bin/prnh/20080207/AQTH095LOGO-c) (Logo: http://www.newscom.com/cgi-bin/prnh/20070130/SFTU060LOGO)
Detroit Electric plans to introduce its first electric cars and buses in 2009. The ZAP Alias, which is under development for the joint venture, will be one of several vehicles being planned to carry the Detroit Electric brand. ZAP is planning a presentation on Detroit Electric for North American auto dealers at NADA 2008, the world's largest auto show for dealers. Learn more about the National Automobile Dealers Association (NADA) annual meeting and exhibition, February 9-12, 2008 in San Francisco at http://expo.nada.org.
Detroit Electric was an early 20th Century electric car, perhaps the most popular in history. The Anderson Electric Car Company started building the cars under the Detroit Electric brand over 100 years ago. Anderson of Detroit, Michigan is the longest running electric car company in history, operating between 1907 and 1939. In its heyday, Detroit Electric was an American icon and the cars were very popular with customers like Thomas Edison, Charles Proteus Steinmetz, Henry Ford's Wife Clara, and John D. Rockefeller, Jr. Detroit Electric plans to build a special edition electric vehicle based on the original Detroit Electric as a tribute for the new name of the joint venture.
While joint venture officials are reviving the Detroit Electric brand, the first offices and facilities are planned, not for Detroit, but California. Management will be opening offices in California and evaluating manufacturing opportunities for economic development within the state.
"We see California as a launch pad. It is one of the most ready markets to adopt these new green vehicle solutions," said Detroit Electric Chairman Albert Lam. "The governor and his leadership here have created a fertile environment for us to create and grow. Many are talking about the future of the auto industry and Detroit Electric is a name that will speak to generations about the past and the future of automobiles."
A British national, Mr. Lam left his position as CEO of Lotus Engineering in October 2007 to pursue the new business opportunity with Detroit Electric. He was responsible for bringing Youngman, ZAP and Lotus Engineering together. Since 2003, Mr. Lam served as the CEO for Lotus Engineering as well as Executive Director for Lotus Group International (2003-2006). Mr. Lam has 20 years of relevant industrial experience serving companies like Jaguar, Land Rover, Ford and others. His experience spans across Automotive, Consultancy and IT of which 13 years was spent at senior management/leadership positions, including Managing Director for Apple Computer Asia and Sun Professional Services. Mr. Lam has experience with startup companies and a track record in growing and expanding businesses. He attended Coventry University in the UK where he earned a Masters of Science degree in robotics and manufacturing, and registered for a PhD program in Complex Knowledge Systems.
"Detroit Electric has already completed a five year business plan and mapped out the ten year product plan," said Mr. Lam. "It is our intention to introduce affordable and practical everyday electric vehicles, working with our technology partners to deliver some of the leading edge technology in motor drive, battery and hydrogen fuel cells. Our plan is to launch with a 12-meter pure electric transit bus, the ZAP Alias, and two family sedans as early as the summer of 2009. This is no longer a wish list but an eventuality; it is a matter of willingness to change."
Detroit Electric plans to build an array of cars, trucks and buses with the latest automotive technologies. The vehicles will be manufactured under the supervision of Youngman Automotive, one of China's newest automotive manufacturers and a leading manufacturer of buses and trucks. Youngman is a government-sanctioned, private holding company with 12 manufacturing subsidiaries. Youngman is expanding it manufacturing in China, which covers an area over four million square feet. Youngman employs 4,000 workers, including 700 in-house research and development staff. With seven new production facilities in process, Youngman expects to soon have the capacity to produce 200,000 vehicles per year, including more than 10,000 buses annually.
"We are proud to have a chance to re-build this great car name after 100 years," said Youngman Chairman Mr. Pang Qingnian.
ZAP will manage the sales, marketing and distribution of the joint venture products. ZAP is selling a full-line of electric vehicles through a growing number of dealerships in the United States. ZAP is also organizing international distribution for its current and future vehicles.
"Attitudes are changing around the world and in California I believe there is a growing awareness that environmental health and economic prosperity go hand-in-hand," said ZAP CEO Steve Schneider. "Green-collar jobs and innovative fuel efficient vehicles will be a win-win for California's environment and economy."
For more information about Detroit Electric, visit its website at http://www.detroit-electric.com.
About Youngman Automotive
Youngman recently introduced advanced manufacturing technology to its facilities in a joint venture with Neoplan of Germany. Youngman's manufacturing is based on the ISO9001 international standard of quality for its bus production. The manufacturing facility in China covers an area over four million square feet. Youngman employs 4000 workers, including 700 R&D staff. With seven production facilities in process, Youngman expects to soon have the capacity to produce 200,000 vehicles per year, including a capacity to build 10,000 buses annually. For more information about Youngman Automotive Group, visit http://www.youngman-bus.com.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. ZAP is developing a high- performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal. For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp Source: ZAP
JINHUA, China and SANTA ROSA, Calif., Feb. 7, 2007 - In a joint announcement, US electric car pioneer ZAP (OTCBB: ZAAP) and China Youngman Automotive Group announced today they are reviving the 100- year-old electric car brand Detroit Electric for their automotive joint venture. Detroit Electric officials look forward to bringing new vehicle technologies to market by 2009, and beyond that the possibility of bringing new manufacturing and green collar jobs to California.
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Detroit Electric plans to introduce its first electric cars and buses in 2009. The ZAP Alias, which is under development for the joint venture, will be one of several vehicles being planned to carry the Detroit Electric brand. ZAP is planning a presentation on Detroit Electric for North American auto dealers at NADA 2008, the world's largest auto show for dealers. Learn more about the National Automobile Dealers Association (NADA) annual meeting and exhibition, February 9-12, 2008 in San Francisco at http://expo.nada.org.
Detroit Electric was an early 20th Century electric car, perhaps the most popular in history. The Anderson Electric Car Company started building the cars under the Detroit Electric brand over 100 years ago. Anderson of Detroit, Michigan is the longest running electric car company in history, operating between 1907 and 1939. In its heyday, Detroit Electric was an American icon and the cars were very popular with customers like Thomas Edison, Charles Proteus Steinmetz, Henry Ford's Wife Clara, and John D. Rockefeller, Jr. Detroit Electric plans to build a special edition electric vehicle based on the original Detroit Electric as a tribute for the new name of the joint venture.
While joint venture officials are reviving the Detroit Electric brand, the first offices and facilities are planned, not for Detroit, but California. Management will be opening offices in California and evaluating manufacturing opportunities for economic development within the state.
"We see California as a launch pad. It is one of the most ready markets to adopt these new green vehicle solutions," said Detroit Electric Chairman Albert Lam. "The governor and his leadership here have created a fertile environment for us to create and grow. Many are talking about the future of the auto industry and Detroit Electric is a name that will speak to generations about the past and the future of automobiles."
A British national, Mr. Lam left his position as CEO of Lotus Engineering in October 2007 to pursue the new business opportunity with Detroit Electric. He was responsible for bringing Youngman, ZAP and Lotus Engineering together. Since 2003, Mr. Lam served as the CEO for Lotus Engineering as well as Executive Director for Lotus Group International (2003-2006). Mr. Lam has 20 years of relevant industrial experience serving companies like Jaguar, Land Rover, Ford and others. His experience spans across Automotive, Consultancy and IT of which 13 years was spent at senior management/leadership positions, including Managing Director for Apple Computer Asia and Sun Professional Services. Mr. Lam has experience with startup companies and a track record in growing and expanding businesses. He attended Coventry University in the UK where he earned a Masters of Science degree in robotics and manufacturing, and registered for a PhD program in Complex Knowledge Systems.
"Detroit Electric has already completed a five year business plan and mapped out the ten year product plan," said Mr. Lam. "It is our intention to introduce affordable and practical everyday electric vehicles, working with our technology partners to deliver some of the leading edge technology in motor drive, battery and hydrogen fuel cells. Our plan is to launch with a 12-meter pure electric transit bus, the ZAP Alias, and two family sedans as early as the summer of 2009. This is no longer a wish list but an eventuality; it is a matter of willingness to change."
Detroit Electric plans to build an array of cars, trucks and buses with the latest automotive technologies. The vehicles will be manufactured under the supervision of Youngman Automotive, one of China's newest automotive manufacturers and a leading manufacturer of buses and trucks. Youngman is a government-sanctioned, private holding company with 12 manufacturing subsidiaries. Youngman is expanding it manufacturing in China, which covers an area over four million square feet. Youngman employs 4,000 workers, including 700 in-house research and development staff. With seven new production facilities in process, Youngman expects to soon have the capacity to produce 200,000 vehicles per year, including more than 10,000 buses annually.
"We are proud to have a chance to re-build this great car name after 100 years," said Youngman Chairman Mr. Pang Qingnian.
ZAP will manage the sales, marketing and distribution of the joint venture products. ZAP is selling a full-line of electric vehicles through a growing number of dealerships in the United States. ZAP is also organizing international distribution for its current and future vehicles.
"Attitudes are changing around the world and in California I believe there is a growing awareness that environmental health and economic prosperity go hand-in-hand," said ZAP CEO Steve Schneider. "Green-collar jobs and innovative fuel efficient vehicles will be a win-win for California's environment and economy."
For more information about Detroit Electric, visit its website at http://www.detroit-electric.com.
About Youngman Automotive
Youngman recently introduced advanced manufacturing technology to its facilities in a joint venture with Neoplan of Germany. Youngman's manufacturing is based on the ISO9001 international standard of quality for its bus production. The manufacturing facility in China covers an area over four million square feet. Youngman employs 4000 workers, including 700 R&D staff. With seven production facilities in process, Youngman expects to soon have the capacity to produce 200,000 vehicles per year, including a capacity to build 10,000 buses annually. For more information about Youngman Automotive Group, visit http://www.youngman-bus.com.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. ZAP is developing a high- performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal. For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp Source: ZAP
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