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Article: United States : ZAP and ETI Tech of Malaysia Sign Binding MOU for Electric Vehicle Joint Venture.
- Article from:
- TendersInfo
- Article date:
- August 21, 2009
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Byline: pinto03
U.S. electric vehicle pioneer ZAP (OTCBB: ZAAP) and Malaysia's home grown green technology company, ETI Tech Corporation Berhad (listed on ACE Market of Bursa Malaysia: 0118.KL; ETITECH), jointly announced today their intention to form a manufacturing and distribution joint venture.
ZAP and ETI Tech have signed a binding Memorandum of Understanding (MOU) for the supply of ETI Tech batteries and battery management systems (BMS) for ZAP personal transportation electric vehicles. The two companies have also agreed to joint manufacturing and distribution and expect to execute a definitive agreement within ninety days from the date of signing ...