Jonway purchase would bring access to enormous Zheijang production plant
[caption id="attachment_27451" align="alignright" width="360" caption="Zap Jonway will manufacture and sell both gasoline and electric vehicles."][/caption]
SANTA ROSA – Zap’s electric vehicles will most likely go into high-volume production in China.
The company’s pending 51 percent stake in Jonway Automobiles in the Zheijang Province of China will bring major changes to the 50-employee Santa Rosa pioneer of Zero Air Pollution vehicles, which got its start in Sonoma County in the 1970s.
Zap Jonway, as the new company will be called when the deal is finalized, will manufacture and sell both gasoline and electric vehicles.
“Incentives in China are very aggressive,” said Priscilla Lu of Cathaya Capital, one of Zap’s largest investors and member of its board of directors. “China wants to be the world leader in electric vehicles.”