StockGuru News: ZAP Signs Exclusive Agreement to Distribute High-Powered Electric ATVs From China
ZAP Signs Exclusive Agreement to Distribute High-Powered Electric ATVs From China ZAP (OTCBB: ZAAP) SHANGHAI, CHINA–(MARKET WIRE)–Dec 12, 2006 — Transportation pioneer ZAP (OTC BB:ZAAP.OB - News) has signed an exclusive agreement with a manufacturer in China for the North American distribution rights to a new generation of high-powered all-electric, all-terrain vehicles (ATVs). Compared to ZAP’s 350-watt ATV model currently offered for light duty use and younger riders, the new high-powered version is capable of a peak power output of 4000 watts. Available as early as spring of 2007, ZAP says new electric drive technology will allow its electric ATVs…