ZAP Inc., CalTrade Report, Ford - ZAP EXPLORES NEW BUSINESS IN CHINA - CalTrade ReportAsia Quake Victims SANTA ROSA – 04/14/04 – Representatives of electric car startup ZAP have completed a visit to China to find a way ''to crack the electric car price barrier and deliver low-cost, production versions to American consumers,'' according to a company spokesman. - SANTA ROSA – 04/14/04 – Representatives of electric car startup ZAP have completed a visit to China to find a way ''to crack the electric car price barrier and deliver low-cost, production versions to American consumers,'' according to a company spokesman. - ZAP EXPLORES NEW BUSINESS IN CHINA ZAP Inc., CalTrade Report, Ford - ZAP EXPLORES NEW BUSINESS IN CHINA

Saturday, October 28, 2006

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ZAP EXPLORES NEW BUSINESS IN CHINA

SANTA ROSA - 04/14/04 - Representatives of electric car startup ZAP have completed a visit to China to find a way "to crack the electric car price barrier and deliver low-cost, production versions to American consumers," according to a company spokesman.

ZAP CEO Steve Schneider visited China in February as part of a trade mission with electric vehicle designer Dr. C.C. Chan to explore new business opportunities.

Chan and Schneider traveled from Hong Kong to mainland China visiting various manufacturers of electric vehicles, chassis, components and propulsion systems in  Shenzhen, Yantai, Wuhan, Nanchang, Shanghai, Wuxi, and Haikou.

In 2003, ZAP contracted for the assembly of electric cars with one of China's largest automobile manufacturers. The company is now working to organize distribution for electric cars to dealers in North, South, and Central America.

Publicly-owned ZAP has delivered more than 85,000 electric vehicles including electric cars, bicycles, scooters, motorbikes, underwater scooters to customers in more than 60 countries since it was founded in 1994.
 
In November, 2002, ZAP's wholly owned subsidiary, Voltage Vehicles, acquired Ford's  Th!nk electric vehicle assets for a reported $10 million.

According to ZAP - which stands for Zero Air Pollution - Ford spent about $123 million on its Th!nk program but decided to stop the effort due to poor customer demand and lack of government support for the cars.

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MEXICO LIFTS CALIFORNIA LETTUCE BAN

MEXICO CITY, Mexico – 10/20/06 – The weeks-old ban on California lettuce shipments to Mexico has been lifted after US Department of Agriculture tests for the E. coli bacteria proved negative; California is the country’s leading producer of lettuce with an estimated 70-75% of the total US production of iceberg lettuce and between 80-85% of the leaf lettuce.


NAPSTER ENTERS THE JAPANESE MARKET

LOS ANGELES – 10/16/06 – Napster, the digital music service provider, has entered the Japanese market with the introduction of a new subscription model that allows subscribers, who until now acquired digital music by paying for each track and album individually; currently, Japan is largest music market in the world outside of the US.


GUESS? IN NEW MEXICAN JV

SAN FRANCISCO – 09/29/06 – Fashion marketer Guess? has inked a manufacturing and marketing joint venture agreement with Mexico’s Grupo Axo; the Mexico City-based company will engage in the production, wholesale distribution and retail sale of Guess? fashion apparel, accessories and other related products throughout the country.


GOOGLE BELGIUM TAKEN TO COURT

BRUSSELS, Belgium – 09/20/06 – Internet search engine Google has been ordered to cease reproducing articles from French-language publications in the news sections of its Belgian website; the court order threatens the company with a fine of $1.3 million daily if it does not comply.


NEW OAKLAND INTERMODAL FACILITY PLANNED

OAKLAND – 09/11/06 – The 425-acre former Oakland Army Base will be converted into the Port of Oakland’s newest intermodal rail yard under the terms of an agreement reached between the port and several local and state government agencies; the planned OHIT – or Outer Harbor Intermodal Terminal – is expected to significantly reduce container transfer times, increase throughput, and reduce truck traffic in and around the port when completed within the next several years.


INTEL MAY LAYOFF THOUSANDS

SANTA CLARA – 09/04/06 – Chipmaker Intel is reportedly planning to announce a massive layoff within weeks that could eliminate as many as 10,000 jobs or one-tenth of the company’s total global workforce; the move was spurred by several financially disappointing quarters and the results of an internal corporate analysis conducted in April.





 


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