China-AsiaStocks.com, an investor and industry portal focused on the China-Asia sector, spotlights China as it plays a key role in the future success of electric and hybrid vehicles. As the number of cars is expected to grow significantly in China, eco-friendly choices are a must as China battles massive environmental and air quality concerns.
Capitalizing on the nation’s need for cleaner alternative transportation are several car manufacturers that are turning China’s challenges into lucrative business opportunities. Among the companies with their eyes on China as a key expansion market are Japan's Honda Motor Co., who recently announced they will start selling hybrid cars in China later this year; and Toyota, the first foreign car manufacturer to bring hybrid cars to market in China in late 2005 with its branded Prius model.
Electric car pioneer ZAP (OTCBB: ZAAP) has also set its sights on this rapidly developing region, entering into a supply agreement to acquire $5.168 Million in lithium-polymer and nanotech batteries from China-based developer Advanced Battery Technologies, Inc. A joint development office in Beijing has been announced to focus on R&D, manufacturing and marketing of these advanced batteries for use in various electric cars, utilizing innovative nanotechnology to improve overall performance and radically shorten the charging time.
After a comprehensive feasibility study, ZAP has found that the only place to manufacture a commercially viable electric car is in China.
“We've compared the bill of materials to manufacture an automobile in the Western Hemisphere versus China, and nothing comes close. Not only is this the business opportunity of a lifetime, it's an opportunity to do the right thing. China has the potential to make the dream of electric cars a reality for the world, and in turn they can benefit from this new technology. So, it's a win-win,” describes ZAP CEO Steve Schneider.
Learn more about new technology, fuels and trends in the green transportation shift in the new "Driving Green" environmental podcast.
Showcase Green Car Sponsor:
ZAP (zapworld.com) – Ride the Future!
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. Zap has also announced an affordable High Performance Electric Vehicle with a target price of $30,000 using many of the technologies of the ZAP-X. In addition, the Company recently launched a new portable energy technology that manages power for mobile electronics, like cell phones and laptops.
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