North Bay Business Journal

Thursday, June 7, 2012, 6:45 pm

Zap Jonway co-CEO Schneider steps down

Print Friendly Print Friendly    

Share this item

    Steve Schneider

    Steve Schneider

    SANTA ROSA – Zap Jonway (Bulletin Board: ZAAP), maker of gasoline and electric vehicles, on Thursday announced the departure of Steve Schneider as co-chief executive officer of the manufacturer’s Santa Rosa-based U.S. operations, effective immediately.

    The announcement comes as Zap Jonway has been winding down Santa Rosa operations, including the closure of an assembly plant and showroom last year.

    Mr. Schneider joined Zap as chief executive in October 2002 and was heavily involved in negotiating international marketing and distribution agreements.

    Alex Wang

    Alex Wang

    Alex Wang, co-chief executive officer of Zap Jonway’s China operations, will oversee U.S. operations temporarily as the board of directors searches for a replacement for U.S. and international operations, the company said.

    Mr. Wang also is chief executive officer of Aptera USA, a new venture by China-based Jonway Group that is looking to bring electric cars, motorcycles and trucks to the U.S. The new company acquired the intellectual property of Aptera from creditors earlier this year and is said to be planning to assemble the three-wheeled vehicles in Santa Rosa this fall for mid-2013 delivery.

    Forty-five electric Jonway motorcycles arrived at Aptera USA’s Santa Rosa warehouse on Thursday, according to consultant Richard Deringer.

    Priscilla Lu

    Pricilla Lu

    The Zap Jonway board, led by Chairman Pricilla Lu, also general partner of majority company stockholder Cathaya Captial, plans to hire a “high-level experienced industry advisor,” according to the company announcement.

    That adviser would manage the company and support the  sales and marketing push for the A380 electric SUV, which goes into production this summer, and a gasoline-powered minivan that was announced last week and just went into production.

    Zap Jonway’s stock price decreased 1 cent per share to 13 cents per share Thursday.

    Copyright © 1988–2015 North Bay Business Journal
    View the policy for linking to website content.

    Print Friendly Print Friendly    

    Submit Your Comments


    Required, will not be published

    Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments and Letters Policy. To share this item by email or social media, use the links above.

    Do not use this form to contact people, companies or organizations mentioned in this story. Contact them directly. Private messages left here will be deleted.