In the nine months ended September 30, 2011, Jonway sold 4,430 gasoline vehicles with total revenue of approximately $40 million as compared to the nine months ended September 30, 2010 in which Jonway sold 4,949 vehicles with total revenue of over $53 million.
-500 vehicles less which is better than i though . I hope the gas vehicle registration restriction works on Zap favor once the EV suv is on the market. (Remember U$18k per unit sold in subsides)
Type approval of ZAP and Jonway's A380 SUV EV is underway and will continue over the next several months and into 2012. The extensive certification process includes not only the vehicle endurance testing and safety analysis, but also key supplier qualification certification as well as Jonway's EV manufacturing process qualification and certification. The EV type approval requirements in China have evolved in the last year to provide more comprehensive qualification and certification testing, and accordingly have taken a longer period of time for completion. We anticipate that the EV production facilities in Jonway will be ready for the certification process by the end of 2011. We are targeting certification completion within one quarter after the completion of the facilities. Type approval of the EV is required to manufacture and sell the electric vehicles in China, but the type approval is not required for the export of vehicles for sale outside of China.