ZAP

ZAP Acquires Interest in Electric Wheel Motor Company

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SANTA ROSA, CA, June 2, 2008 -- Electric transportation pioneer ZAP (OTC BB:ZAAP.OB) announced today that it has acquired an ownership interest in an electric motor company to develop and manufacture a new line of wheel motors for future vehicle developments and global distribution.

Under the agreement, ZAP is collaborating and investing in the development of a line of wheel motors for various types of electric vehicles, from an electric bike or scooter to an electric car. ZAP and its partner have also agreed to work together on the optimum process for manufacturing all motors and controllers. ZAP has been granted exclusive rights to the wheel motors under the agreement for international distribution.

California to Give $1,000 Electric Car Rebates for ZAP Xebra Sedans and ZAP Xebra Trucks

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SACRAMENTO, CA, May 29, 2008 -- The California Air Resources Board is offering a $1,000 rebate towards the purchase of a ZAP Xebra electric car and truck from ZAP (OTC BB:ZAAP.OB).

ZAP Xebra Electric Trucks: California is giving $1,000 electric car rebates to buyers of the ZAP Xebra sedan and truck. The Xebra sedan and truck are a city-speed vehicle designed to meet today's need for economical, gas-free driving.ZAP Xebra Electric Trucks: California is giving $1,000 electric car rebates to buyers of the ZAP Xebra sedan and truck. The Xebra sedan and truck are a city-speed vehicle designed to meet today's need for economical, gas-free driving.

ZAP Electric Car Firm Names New Chairman, Mr. Eqbal Al Yousuf of Dubai

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SANTA ROSA, Calif. & DUBAI, United Arab Emirates, May 27, 2008 -- Electric car pioneer ZAP (OTCBB:ZAAP) today named Mr. Eqbal Al Yousuf Chairman of the 13-year public Company. The effective date of his appointment will be June 2, the day of the next scheduled meeting for the board of directors.

Al Yousuf Group Purchases ZAP's Convertible Debt

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Al Yousuf Group Is a Major Shareholder and Strategic Partner

SANTA ROSA, CA, May 19, 2008 -- Electric vehicle pioneer ZAP (OTC BB: ZAAP) announced today that Dubai's Al-Yousuf Group has completed a transaction to purchase a convertible debt that was part of a private placement registration from October 2007.

As part of the transaction, The Al Yousuf Group has purchased the convertible debt for $475,000.

"We are continually grateful for the commitment and support that Mr. Eqbal Al Yousuf has given ZAP," said ZAP CEO Steve Schneider. "The purchase of this convertible debt will help ZAP's business plans."

ZAP Electric Car Firm Sparks China Earthquake Relief Fund With $50,000 Donation

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ZAP Challenges Others to Match or Exceed Its $50,000 Donation

DEZHOU, SHANDONG PROVINCE, CHINA and SANTA ROSA, CA, May 15, 2008 -- California electric car pioneer ZAP (OTC BB:ZAAP.OB) is starting a relief fund with the factory for its Xebra electric car and truck to aid victims of the May 12 earthquake in Sichuan, China.

ZAP Xebra Factory Shandong Jindalu Plants 1000 Trees: Chinese electric car pioneer Shandong Jindalu planted 1,000 trees in China as part of a US-China joint venture with ZAP of the United States.ZAP Xebra Factory Shandong Jindalu Plants 1000 Trees: Chinese electric car pioneer Shandong Jindalu planted 1,000 trees in China as part of a US-China joint venture with ZAP of the United States.

ZAP is asking the public and Corporate America to make donations to assist the relief efforts in China. ZAP will match donations up to $50,000 to the American Red Cross.

Record Gas, Oil Prices Drive Sales for ZAP Electric Cars

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ZAP Electric Car Orders Grow to $6.8 Million

SANTA ROSA, CA, May 12, 2008 -- Record gas prices are driving more consumers to seek electric transportation, says industry pioneer ZAP (OTC BB:ZAAP.OB). The Northern California Company reported that as of April 8, 2008 it had $6.8 million in backlog orders for the ZAP Xebra electric sedan and pickup from auto-dealer purchase contracts.

The $6.8 million backlog in dealer purchase contracts surpasses ZAP's sales for all of 2007 and are based on a delivery schedule over a 12-month period. The backlog for ZAP's consumer products on the same date was $712,000, including sales for the Zapino and ZAPPY3 scooters, ATVs, Recharge-It-All battery systems and others.

ZAP Proposes Endless Gas Tax Holiday with Electric Vehicles

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100% Electric Zapino Scooter Now in Stock for Immediate Delivery

SANTA ROSA, CA, May 6, 2008 -- With Presidential hopefuls talking up a Gas Tax Holiday to help consumers with rising gas prices this summer, electric vehicle pioneer ZAP (OTC BB:ZAAP.OB) is proposing a permanent holiday from gas taxes by using electric vehicles.

ZAP electric vehicles use no gasoline so no tax need apply. To provide an additional incentive, the Northern California Company is offering a $100 rebate to customers who purchase its newest electric scooter, the Zapino. Now in stock and available for immediate delivery, the Zapino is a good way to beat record gas prices this summer, whether there is a Gas Tax Holiday or not. To receive the rebate, order online at zapworld.com through May 31st.

Trade-In a Gas-Guzzler for an Electric Car This Earth Day at ZAP

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SANTA ROSA, CA, April 18, 2008 -- Remember that electric car prices are coming down as you ponder the meaning of Earth Day on April 22, while gas prices keep going up. You may just want to trade in your old gas-guzzler for an electric car today at participating ZAP (OTCBB: ZAAP) dealers.

ZAP Launches Sale of Plug-In Hybrid Electric Car

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Tests Show up to 120 Miles per Gallon

SANTA ROSA, CA, Mar 10, 2008 -- Electric car pioneer ZAP (OTC BB:ZAAP.OB) is now offering plug-in hybrid conversion systems for the Toyota Prius and Ford Escape Hybrid through a collaboration agreement with Hybrids Plus.

Hybrid vehicles retrofitted with systems from Hybrids Plus of Boulder, Colorado can achieve a significantly greater fuel economy. In tests these systems increased hybrid fuel economy up to 120 miles per gallon in the city and up to 90 mpg on the highway. The cost for the conversion ranges from $24,000 to $36,000 depending on the vehicle and size of battery pack.

ZAP Sells 614 Electric Cars Following Largest Dealer Seminar

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SANTA ROSA, CA, Feb 1, 2008 -- ZAP (OTC BB:ZAAP.OB) added six new electric car dealers at its first dealer sales and service training of 2008 yesterday, collecting signed purchase orders totaling 614 Xebra sedans and trucks.

Electric car maker ZAP said its first dealer training seminar of 2008 was its largest ever. Six more dealers signed purchase orders totaling 720 Xebra electric sedans and trucks. ZAP has 54 sales and service centers in the United States and plans to exhibit this month at the world's largest dealer conference, NADA 2008, February 9-12 in San Francisco.

ZAP Signs Second Exclusive Distribution Agreement with Youngman Automotive Group for North American Bus Market

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JINHUA, China and SANTA ROSA, Calif., Jan. 30, 2008 -- Youngman Automotive Group, one of China's leading bus manufacturers, has signed a second exclusive distribution agreement with US electric car pioneer ZAP (OTC Bulletin Board: ZAAP - News) granting the rights to distribute its full line of buses in North America, the two companies announced jointly today.

Small, Efficient ZAP Trucks Save Coca-Cola Time and Money on Urban Deliveries

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Coca-Cola Rolls Out New Distribution Model With ZAP

MONTEVIDEO, URUGUAY and SANTA ROSA, CA, Jan 23, 2008 -- The Coca-Cola Company and alternative transportation pioneer ZAP (OTC BB:ZAAP.OB) announced a project to use 30 of its compact trucks for a new beverage distribution system in Montevideo, Uruguay.

Coca-Cola is rolling out a new distribution model in Montevideo, Uruguay with US alternative transportation company ZAP (zapworld.com). Larger delivery vans will transfer Coca-Cola shipments into 30 small, efficient ZAP trucks for delivery into areas where larger vehicles are challenged by parking shortages, traffic congestion and air pollution.

Highway Electric Car Project for ZAP, China Youngman Initiates RFQ

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Affordable, High Performance Electric Vehicle Called ZAP Alias

SANTA ROSA, CA -- Jan 22, 2008 -- Officials from ZAP (OTC BB:ZAAP.OB) and China Youngman Automotive Group announced their Joint Venture Company has initiated the RFQ (Request For Quotation) process for a vehicle project called the ZAP Alias(TM). The Joint Venture invites engineering and technology companies from all over the world interested in participating in the high performance electric vehicle project initiated in 2007.

ZAP Execs Take World Electric Car Tour

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CEO Plans Meetings in 12 Cities, 7 Countries Over the Next Two Weeks With Former CEO of Lotus Engineering

SANTA ROSA, CA, Jan 14, 2008 -- Steve Schneider, CEO of electric car pioneer ZAP (OTC BB:ZAAP.OB - News), says that ZAP is 'racing' to meet the opportunities that exist today in electric transportation. The Company has meetings over the next two weeks to further its business plans with various people and businesses in 12 cities, seven countries.

"The timing could never be better for ZAP's business plan," said Schneider. "In 1994 ZAP set out to create cost-effective electric vehicles because we knew that gas prices would continue upwards and people would start looking for alternatives. Well, that future is now and ZAP is racing to meet these opportunities."

ZAP Electric Car Offers Zero Fuel Costs for One Year

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SANTA ROSA, CA, Jan 7, 2008 -- Electric car pioneer ZAP (OTC BB:ZAAP.OB - News) announced today that it is offering free electricity to charge your electric car for one year.

When you reserve a Xebra electric sedan or pickup online at http://www.zapworld.com you will get a free Kill-A-Watt Smart Power Meter and free electricity for one year.

"We know that our Xebras can save consumers money on fuel costs, so we wanted to prove it," said ZAP Chairman Gary Starr.

Customers participating in this program would have zero fuel costs for one year. The program is good for any order through Valentine's Day, February 14, 2008. For more details, visit http://www.zapworld.com/electric-vehicles/electric-cars/xebra-sedan.

Source: ZAP

ZAP to Preview Electric Car Made for iPod at Macworld January 15-18

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SANTA ROSA, CA, Jan 8, 2008 -- Electric car pioneer ZAP (OTC BB:ZAAP.OB) will be designing its cars to play and recharge the iPod and will preview the concept at the Macworld Expo, January 15-18 in San Francisco.

ZAP is previewing a made for iPod electric car as well as introducing its iZAP rechargable battery technology for the iPod at Macworld 2008, January 15-18 in San Francisco, California.

ZAP's Acquisition and/or Bombing by Warplanes According to News Reports Prove to Be False

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Editor's note: Seriously, C'mon People!!!

SANTA ROSA, CA, Dec. 18, 2007 -- Electric car pioneer ZAP (OTC BB:ZAAP.OB) announced today that its stock symbol 'ZAAP' was listed in news reports unrelated to its business yesterday from Thomson Financial News.

ZAP, a Santa Rosa, California based manufacturer and distributor of electric vehicles, has not been acquired, according to a news report from Turkey via Thomson Financial.

ZAP Meets with National China Electric Car Delegation

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SANTA ROSA, CA, Dec 7, 2007 -- By special invitation, advanced transportation pioneer ZAP (OTC BB:ZAAP.OB - News) met in California this week with a delegation of 46 experts in the electric car and related fields from throughout China.

The Chinese electric vehicle (EV) delegation is composed of officials, experts and entrepreneurs engaged in electric, hybrid and fuel cell vehicle and related component developments, including motors, batteries, power electronics, and energy management.

The delegation met with ZAP in a special closed session at the 23rd International Electric Vehicle Symposium and Exposition (EVS-23) in Anaheim, California. EVS is the world's largest electric drive industry event.

Danish Electric Car Scientists Extend Range of ZAP Xebra to 152 Miles with New Battery Management Technology

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Lithium Balance Develops Battery Management Technology for ZAP

COPENHAGEN, DENMARK, Dec. 10, 2007 -- Electric car scientists at Lithium Balance in Copenhagen and ZAP (OTC BB:ZAAP.OB) of California announced results of their latest tests of a new battery management system for lithium batteries, reporting that the ZAP Xebra pickup traveled 152 miles on a single charge.

Electric car scientists extended the range of an electric car by five times to 152 miles using lithium-ion batteries and a proprietary battery management system. California's ZAP and Denmark's Lithium Balance plan to offer an upgrade for the ZAP Xebra pickup in the near future.

ZAP, Youngman Automotive Hold First Board Meeting for Electric and Hybrid Vehicle Joint Venture in China

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SHANGHAI, CHINA, November 26, 2007 - Electric vehicle manufacturer ZAP (OTCBB: ZAAP), Youngman Automotive Group and Dubai-based Al Yousuf Motors announced the first Board of Directors meeting today for a new electric and hybrid vehicle joint venture in Shanghai, China.

In September, ZAP and Youngman Automotive Group, one of China's leading manufacturers of luxury motor coach and high-quality commercial trucks, 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 vehicle charging infrastructure.

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