Zap the electric vehicle producer with headquarters in USA just announced that they have received orders for 25,000 electric vehicles from authorized dealerships in China. Zap signed an agreement in 2009 to have ABAT supply all their lithium batteries for its products.
The first thing I would like to see is a Global Newswire Class Action Settlement press release. This is BIG news that remains hushed. The ABAT Board Of Directors will then need to decide what comes next. ABAT has many options now that the Class Action is behind them.
Yes, they have now change in Board after takeover, but they still contracted with ABAT with batteries and growing! ABAT also still in business with Changhong, also growing. Changhong always making new model phones and Chinese buy them on line portals.