ZAP Expands Workforce to Meet Record Electric Vehicle Demand

Oct 1

Written by: Sebastian Schepis   115 views    

Published on October 1st, 2008 in Electric Bicycles, Electric Cars, Electric Motorcycles, Electric Scooters

ZAP Xebra Electric Car

While other industries are languishing, the electric vehicle industry is growing at a never-before-seen pace. Electric vehicle maker ZAP, headquartered in Santa Rosa, CA. has expanded it’s workforce by more than 30% this year as a result of increased demand for it’s electric vehicles.

“While most U.S. automakers are laying off workers and facing declining sales, ZAP is experiencing record growth,” said CEO Steve Schneider. “We are proud that ZAP is one of the few companies selling cost-effective, plug-in transportation today.” He added that ZAP is launching new electric vehicles this quarter.

ZAP announced that it had set an unaudited sales record of $737,000 in August - that’s an increase of 88% over the same period last year. ZAP indicated that the increase was due mostly to increased demand for its Xebra electric Sedans and trucks.

About ZAP

ZAP has been a leader in electric transportation since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. Currently, ZAP manufactures a line of electric vehicles, including electric city-cars and trucks, electric motorcycles, electric scooters, electric bicycles, and electric ATVs. ZAP sells one of the only electric city-cars and trucks in production today and is developing a high-performance electric vehicle called the ZAP Alias. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. For product, dealer and investor information, visit http://www.zapworld.com.

This Post via MarketWatch

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