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ZAP Acquires 51% Stake in China’s Jonway Auto in Focus On China EV Market; Plans Acquisition of Other 49% in Second Phase

Green Car Congress

The boards of directors for ZAP and Jonway Auto approved and signed the merger agreement on 2 July 2010. Jonway Auto reported annual revenues of approximately US$40 million in 2009 and approximately US$20 million for the first quarter of 2010. Tags: China Electric (Battery) Vehicle Manufacturers. million in cash. Earlier post.).

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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

GM dealers delivered 189,443 total vehicles in July, a 19.4% The first new 2010 Ford Taurus sedans were delivered at the end of July, as well as the first Transit Connects. Some highlights: The all-new redesigned Prius mid-size gas-electric hybrid posted best-ever July sales of 19,173 units, up 29.7% Monthly sales of hybrids.