North Bay Business Journal

Zap first-quarter loss expands to nearly $10 million after Jonway acquisition

SANTA ROSA — Electric vehicle maker Zap Jonway (OTCBB:ZAAP) today reported a first-quarter net loss of $9.90 million on $11.7 million in sales, up from a $2.86 million net loss and sales of $848,000 a year before. Zap said much of the loss came from consolidated net loss in the first quarter, ended March 31, resulted from the acquisition of 51 percent of China-based Zhejiang Jonway Automobile Co. Ltd. in January.

Spotlight: Leaders in Green Technology

This report highlights 46 North Bay professionals in various fields who have been leading development and implementation of environmentally sustainable technologies, such as solar electric and geothermal energy, erosion control for better stream water quality and energy-efficient construction.

Zap making big move into China

SANTA ROSA – Zap’s electric vehicles will most likely go into high-volume production in China.

Zap acquires majority stake in Chinese auto maker

SANTA ROSA — Electric vehicle maker Zap will acquire 51 percent of Chinese vehicle manufacturer Jonway Auto for $29.03 million in cash. Zap will also acquire exclusive international distribution rights to Jonway’s automobiles in a stock deal valued at $31.5 million based on $1 per share.

The merger agreement was signed by the boards of directors for both companies on July 2.

The North Bay is getting a LiFe

SANTA ROSA – Can incentives and rebates do for electric vehicles what they did for solar?

Zap gets 100 SUV order

SANTA ROSA – Electric-vehicle maker Zap accepted a purchase order from Korea-based Samyang Optics Co. for 100 electric SUVs to be built through a partnership with Chinese auto maker Zhejiang Jonway Automobile Co.

Zap gets USPS contract

SANTA ROSA – The United States Postal Service awarded an engineering prototype contract for the design and development of an electric mail truck to Santa Rosa-based Zap.

ZAP gets $25 million in financing

SANTA ROSA – ZAP announced today it has secured up to $25 million in financing from Cathaya Capital.

SSU business students step into the field to learn

ROHNERT PARK – Students at Sonoma State University’s School of Business are trying out a new way of learning operations management by attending classes onsite at local companies.