nice watch

Kevin Duke just joined CSC as the brand manager. CSC have Zongshen in the blood. Should be great for both brands!

https://californiascooterco.com/blog/?p=30962

http://www.greenbugger.com/2011/10/meunch-racing-is-the-2011-ttxgp-world-champion/

VANCOUVER, Nov. 2 /CNW/ - Zongshen PEM Power Systems Inc. ("ZPP" or the "Company") (TSX:ZPP), is pleased to announce that its Toronto e-motorcycle has been awarded the 2010 China International Motorcycle Trade Exhibition ("CIMA") Innovation Achievement Award. CIMA which has been held since 2002, is the largest and most influential motorcycle exhibition in China and is recognized as one of the top motorcycle shows globally. The exhibition attracts top international and domestic Chinese manufacturers as well as dealers and motorcycle enthusiasts from around the world. This year the four day long event was held in late October and attracted approximately 400 exhibitors and more than 150,000 visitors. The theme of
this year's exhibition was to enhance the brand image of the Chinese motorcycle industry with a particular focus on commuter motorbikes, which account for 99% of all motorbikes sold in China.

ZPP showcased 7 gas bikes, 5 e-bikes and 2 e-motorcycles. The Toronto e-motorcycle is the first electric powered motorcycle to be marketed inside China and was chosen as one of ZPP's feature products. Toronto which was launched in early fall of this year, was more broadly introduced at the CIMA through a dedicated product briefing, media conference and dealer test-drive session.

The China market for electric powered motorcycles and bikes, is forecasted by industry analysts to grow at 11% annually until 2014 when an estimated 32 million electric powered bikes will be sold annually. ZPP believes that initially e-motorcycles will represent a small percentage of the electric powered two wheelers sold in China, but that they will become a more significant segment, driven by the value they provide to Chinese consumers and Chinese government policy supporting low emission vehicles. The current Chinese e-bike market is served by some 2,000 manufacturers that are producing electric bicycles or electric scooters that are comparable to small gas bikes (less than 50 cc) in terms of speed, range and power. The market for these small electric two wheelers is very large, estimated to be over 20 million units in 2010, however due to the fierce competition and low regulatory requirements for safety and quality standards, this business generates very low margins for the manufacturers.

ZPP's strategy is to leverage its gas motorcycle platform in manufacturing, distribution and branding to develop and expand the e-motorcycles and high-end e-bikes offerings. The Company believes that the e-motorcycle and high-end e-bike market will yield better margins per unit because of the higher technology, brand and quality requirements which effectively bar many of the smaller players from entry.

The Toronto e-motorcycle offers customers a revolutionary product in that it utilizes a unique powerful electric engine thereby combining the best features of e-bikes and gas motorcycles. Like an e-bike, the Toronto is low-cost to operate (roughly 1/10th the operating cost of a similar powered gas motorcycle) and is a zero emissions vehicle. The Toronto is differentiated from e-bikes because its engine and electric control system provide range, power and speed comparable to a 110-120 cc gas motorcycle. The Toronto is priced competitively against similar performing gas motorcycles in China, where annual sales of 110-120 cc gas motorcycles are estimated to be 8,000,000 units, making them the most commonly purchased motorcycle size in China.

ZPP also debuted a new 125 cc gas motorcycle called ZS Chuanqi (translated as "ZS Legend") targeted at the young and hip segment of the population. Early reviews from dealers are very positive as they are looking for new motorcycle models that comply with the newly enacted emissions regulations.

"We are very excited to receive recognition for our Toronto e-motorcycle. The award confirms that our technology is the best of class and that we are on the right path in our pursuit of low emissions bikes. I'm convinced that Toronto offers customers in the market for a 110-120 cc gas motorcycle a very compelling alternative choice given that Toronto is not only priced competitively, but is also a zero emissions vehicle and is low cost to operate," said Mr. Zuo Zongshen, Chairman and CEO of ZPP, "The award is a good start but we are at the early stages of introducing the e-motrocycle to the China market. We are committed to further improve our electric vehicles and expand our emotorcycles offerings"

Zongshen has been in talks with US electric superbike manufacturer Mission Motors. They just announced an electric scooter for the chinese market. Now they are going electric racing...

http://egrandprix.com/news.php?id=159

They got a wildcard entry for the TTXGP final in Spain and will have their own bike for next years series.

For those who love the smell of gas and the sound of a four-stroke’s wail, the Big Wheel 2010 GIO 250cc Dirt Bike X31 features a powerful CB250, air-cooled, four-stroke engine, wrapped in a lightweight perimeter style frame for explosive acceleration and maximum agility as well as 19 inch front and 16 inch back dirt race wheels & tires.


The biggest improvement over last year's model is brand new CB250 Zongshen motor with far more superior performance and reliability characteristics then the previous model. It achives better performance with more expensive engine design - overhead camshaft (OHC). The engine is also equipped with electronic reverse protection device to improve the operating safety of the vehicle and making it easier to operate

http://www.giobikes.com/Dirt-Bikes-in-Canada/2010-GIO-X31-250cc-Off-Road-Dirt-Bike-21-18/

TSX:ZPP

VANCOUVER, Aug. 13 /CNW/ - Zongshen PEM Power Systems Inc. ("ZPP" or the "Company") (TSX:ZPP), today announced its financial results for the three-month and six-month periods ended June 30, 2009. All currency amounts referred to in this news release are in Canadian dollars unless stated otherwise.

For the three-month period ended June 30, 2009, the Company reported revenues of $5.3 million versus $7.1 million in the corresponding quarter a year ago. Volume sales during the second quarter of 2009 totalled 14,153 units, compared with 22,715 units in the second quarter of 2008. Second quarter results continued to be negatively impacted by the lack of unit sales due to lack of consumer spending in China, and lower export volumes. As a result of lower volume sales and ongoing fixed costs leading to lower capacity utilization, gross margin during the quarter decreased to 7 percent versus 16 percent during the corresponding period in 2008. During the quarter, the Company reported a net loss amounting to $943,890 or $0.01 per share, versus a net income of $484,553 or $0.01 per share for the second quarter of 2008.

For the six-month period ended June 30, 2009 the Company reported revenues of $13.1 million versus $13.6 million in the corresponding period a year ago. Volume sales during the first six-month period in 2009 totalled 35,273 units, compared with 46,128 units during the same period in 2008. During the six-month period, the Company reported a net loss of $801,257, or $0.01 per share, versus a net income of $360,175, or $0.01 per share.

At June 30, 2009, the Company was debt free with cash and cash equivalents amounting to $39.5 million, compared to $41.6 million at March 31, 2009 and $33.3 million at December 31, 2008. During the quarter, the Company deployed $1.9 million towards the construction of its Chongqing production facility. The Company's strong balance sheet enables ZPP to weather the current economic downturn while having the ability to explore and complete select partnerships and acquisitions.

"We continued to experience the negative impacts of the market downturn in our business during the quarter, however we initialized a restructuring initiative at the operational level which is expected to drive efficiencies and growth once consumer demand for premium bikes and scooters return to historical levels," noted Zongshen Zuo, Chairman and CEO of Zongshen PEM Power Systems Inc. "We continue to be optimistic that the second half of 2009 will demonstrate much stronger demand and performance as our main markets and distributors demand more product. We are also hopeful to secure certain strategic partnerships which will allow ZPP to enjoy improved capacity utilization and ramp up revenues through market share gain."

ZPP continues to expect 2009 to be a challenging year for the organic growth of its bike and scooter products. Based on the current business climate, the Company expects lower revenues and sales volume in 2009 compared to the results achieved in 2008. However, the Company is well positioned to advance its growth strategy with a solid foundation in e-bikes and small gas bikes, a strong balance sheet, a large market for its products and a major shareholder and partner with assets and resources that can be leveraged to gain competitive advantages. The Company continues to evaluate and review strategic growth opportunities through partnerships and acquisitions, which would complement its existing business.

The Company will host a conference call on Friday, August 14, 2009 at 11:00 a.m., Eastern Standard Time (EST) to further discuss the second quarter 2009 financial and operational results.

    Dial in information is as follows:
   
    Dial in number: 1-888-609-5696 (North America) or 1-913-312-1495
                    (International)
   
    Taped Replay:   1-888-203-1112 (North America) or 1-719-457-0820
                    (International)
   
    Taped Replay Pass Code: 2887475 (Available until August 28, 11:59 p.m.
                            EST)
    Live Webcast Link: www.zongshenpem.com

About Zongshen PEM Power Systems Inc.

Zongshen PEM Power Systems Inc. is a public company trading under the symbol ZPP on the Toronto Stock Exchange. The Company is engaged in the commercialization of alternative power systems including batteries, fuel cells and solar power, for a variety of consumer and industrial applications. The Company manufactures low-cost, high quality, environmentally friendly small gas motorbikes, electric motorcycles, electric bicycles and other e-vehicles in China for the Chinese domestic and international markets. Zongshen PEM Power System's largest shareholder is Zongshen Industrial Group, one of China's largest manufacturers and distributors of motorcycles, engines, and power equipment.

Forward Looking Information

This release contains forward-looking statements, which may be identified by statements containing the words "will", "anticipate", "expect", "intend" and other similar expressions. These statements are based on certain factors and assumptions including foreign exchange rates, expected growth and sales, results of operations, performance, and business prospects and opportunities and effective income tax rates. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Several factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to: our relationship with Zongshen Industrial Group; fluctuations in market demand for small gas motorbikes and e-bikes; changes in competitive pressures, including pricing pressures; timing and amount of capital expenditures; changes in financial and capital markets and corresponding effects on the company's investments; changes in currency and exchange rates; and the effects of government policy and regulations;. Additional risks and uncertainties can be found in our MD&A for the interim period ended June 30, 2009 and in our other filings with the Canadian securities commissions. Forward-looking statements are given only as at the date of this release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

For further information: Ali Mahdavi, Zongshen PEM Power Systems Inc., Vice President, Corporate Finance & Investor Relations, (416) 962-3300, 1-877-775-8734, amahdavi@zongshenpem.com