BEIGING — Ningbo Topp Industrial Co. Ltd. and U.S.-based ZAPworld.com (ZAP) form a joint venture to manufacture and distribute electric vehicles in China, beginning with the Zappy scooter. The JV will purchase key components from ZAP, assemble and distribute the Zappy scooter in China and pay ZAP a royalty on each electric scooter sold. Zhang Sam-Yu, Managing Director of Ningbo, says he sees great potential for the Zappy because “China is not a good environment for driving cars.” He adds ...
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