ZAP CEO Steve Schneider announced that the company has shipped its 200th Smart Car Americanized for ZAP. ZAP is now delivering Smart Cars to its authorized dealers across the US.
ZAP recently reported first quarter revenue of $2.9 million, an increase of 141% over sales from the first quarter of 2005 due primarily to the recent sales of the Smart Cars well as electric vehicles and consumer items. The month of March saw $2 million in sales for various models of the Smart Car, which ZAP has priced in the $25,000 range. (Earlier post.)
The Smart Car, a version of the DaimlerChrysler smart car modified to meet US emissions requirements, is the most fuel-efficient all-gasoline turbo in the US market with an EPA rating of 40 mpg. (Earlier post.) The Smart Car received the regulatory approval through its registered importers to allow for distribution in the USA by ZAP.
ZAP also recently launched sales for a new electric car called the XEBRA and is working to develop other vehicles as part of its automotive business plan, which includes a new Brazilian “trybrid” micro-car powered by gasoline, electricity and ethanol.