ZAP, ABT Open Joint Office in Beijing

Electric car pioneer ZAP and lithium-polymer and nanotech battery developer Advanced Battery Technologies, Inc. have opened a joint development office in Beijing to expand their research, manufacturing and marketing of advanced batteries for electric cars using the latest in nanotechnology.

ZAP recently completed a purchase agreement to acquire $5.168 million in lithium-polymer and nanotech batteries from Advanced Battery Technologies for use in ZAP’s line of XEBRA electric cars and trucks as well as other vehicles and battery systems. ZAP CEO Steve Schneider concluded the agreement recently after meeting with Advanced Battery Technologies’ Chairman Zhigou Fu and touring his facilities in Beijing and Harbin.

“After spending a great deal of time with Mr. Fu, we believe he is a true visionary with the desire to improve the environment through technology,” said Schneider.

“These are indeed impressive and noteworthy results for ZAP’s work,” said Fu.