ZAP signs electric car joint venture with China bus maker

The strategic partnership with ZAP will allow the joint venture company to bring highway capable electric and hybrid vehicles to the market like the ZAP-X crossover SUV.

"There are many good manufacturers out there, but to be a great manufacturer we need to do something that can change the world," said Youngman Chairman Pang Qingnian.

"I have built Youngman group based upon three key principles: quality product, technology and brand.

"With our current product line-up and our commitment to quality, I believe we can provide a viable electric alternative to the world. Through the integration of currently available technologies and renewable energy, I believe we can take a leadership position and play a significant part in providing a better alternative."

"This is the most significant relationship that ZAP has ever entered into," said ZAP CEO Steve Schneider.