Coca-Cola Signs Agreement With ZAP
Montevideo, Uraguay & Santa Rosa, CA, Oct 23, 2007
Source. ZAP press release
http://www.zapworld.com/coca-cola-signs-agreement-with-zap
Coca-Cola and alternative transportation pioneer ZAP (OTC BB:ZAAP.OB - News) announced that they have signed an agreement to use ZAP vehicles in South America. ZAP has signed an agreement with Coca-Cola’s Latin America subsidiary, Montevideo Refrescos Sociedad SA (Monresa). The contract is a purchase and service agreement for ZAP XEBRA® trucks. The first container of ZAP trucks is in transit from China and more details are expected to be announced with the rollout of the business model between ZAP and Coca-Cola.
“ZAP can help companies like Coca-Cola take a lead in corporate social responsibility,” said Fernando Cancela, ZAP Director of International Affairs. “This new business model with ZAP can help Coca-Cola reduce fuel consumption and carbon emissions in the a way that is good for business and the environment.”
ZAP is expanding the distribution for the XEBRA worldwide as part of a strategic partnership with Shandong Jindalu vehicle company of China. ZAP is now distributing the cars and trucks designed for city-speed transportation for about $10,000. ZAP recently formed a joint venture with one of China’s newest car companies, Youngman Automotive Group, to manufacture highway capable electric and hybrid cars, buses and trucks.