U.S. electric car manufacturer ZAP recently announced that it has acquired 51% of Zhejiang Jonway Automobile shares, the total acquisition spend $ 30.03 million.

    ZAP CEO StevenSchneider said in an interview recently, at present, the company has set up a research and development center in Hangzhou, at the same time, they are taking place to prepare the first domestic factory, located in locations which are being negotiated. Among them, Shanghai, Hangzhou, Chengdu and three are actively fighting the project.

    The U.S. investment fund Silver fir Fund (CathayaCapital) to boost the hand behind the acquisition, the company has announced plans to invest $ 11 million to help ZAP Jonway Automobile Co., Ltd. acquired 51% stake.

    ZAP electric car dealer in China has been committed to the production and sale of electric cars, the company and Zhejiang Jonway established a new company ZAPJonway, mainly to develop the traditional automotive market and hybrid market.