ZAP has accepted a purchase order from Samyang Optics Co. Ltd. (KSE: 008080.KS) of Korea for 100 electric SUVs to be built through a partnership with China auto manufacturer Zhejiang Jonway Automobile Co. Ltd
"We hope to complete this time-consuming resource-intensive process by the latter part of [the first quarter of] 2012. As certification is not required for exporting, we anticipate exporting the EV products to the international markets earlier."
*Priscilla Lu: "The regulations in China require us to get the certification for the electric vehicle before any orders can actually be accepted. So until we get the certification completed domestically for China, we're not currently taking any pre-orders. However, for the international market, which does not require the certification approval from the Chinese government, we are now actively pursuing international opportunities in the electric vehicle as well as the gasoline vehicle space."
Is this stock poised to go from bust to boom in December , maybe January?