ZAP signs electric car joint venture with China's largest luxury bus manufacturer

摘要

According to ZAP CEO Steve Schneider, the company and China's Young-man Automotive Group have signed a joint venture agreement to manufacture, market and distribute electric and hybrid vehicles for the passenger car, truck and bus markets. The new joint venture company will also focus on the development and manufacturing of electric charging infrastructure. Young-man Automotive Group is a private holding company with 12 subsidiaries. Youngman's partnership with Germany's NEOPLAN controls more thanrn70% of the luxury motor coach market in China. Youngman is the supplier to NEOPLAN and MAN, two of Europe's top brands for luxury motor coaches and high-quality commercial trucking. Over the past few years Youngman has also expanded sales in Asia (Singapore, Hong Kong, Japan and Malaysia), The Middle East, Europe and the U.S.