Detroit Electric Appoints Former CEO of Lotus Engineering to Top Job for Electric Car Brand

SAN FRANCISCO, Feb. 19, 2008 -- Detroit Electric today announces the appointment of Mr. Albert Lam, former CEO of Lotus Engineering, as the Chief Executive Officer of the company. Mr. Lam recently accepted the job as the Chairman of the company, but this latest appointment will enable him to focus full time on managing and growing the company.

"I'm excited to be given this opportunity to devote all my time, experience and energy to fulfill the great promise of Detroit Electric," said Mr. Lam. "I was instrumental during the planning and formulation stage of the company and now we have a solid 5-year business plan and 10-year vehicle product plan. Detroit Electric is well positioned to move to the implementation phase. With my extensive connections in the industry, I will be able to assemble the best team to execute our plans."

A British National, Albert Lam is a veteran automotive and technology executive who moved from his position as CEO of Lotus Engineering to pursue new business opportunities with Detroit Electric.

Mr. Lam served as the CEO of Lotus Engineering, from 2003 to late 2007, as well as Executive Director for Lotus Group International between 2003 and 2006. He managed close to a thousand automotive engineers and technologists from countries around the world. Mr. Lam has 20 years of relevant industrial experience served with companies like Jaguar, Land Rover, Ford and others in Europe. His worldwide experience spans across Automotive, Consultancy, and Information Technology, with more than 13 years at senior management and leadership positions, including Managing Director for Apple Computer Asia, where he oversaw all marketing, distribution, sales and services operations within the Asian region. Mr. Lam has experience with start-up companies and a track record in growing and expanding businesses. He served four years as the Regional Director for Sun Professional Services, a division within Sun Microsystems, growing the business from the start to a multi-million dollar, multi-national business, employing over 200 people. Mr. Lam attended Coventry University in the UK where he earned a Masters of Science degree in robotics and manufacturing, and registered for a PhD program in Complex Knowledge Systems.

"We are proud to have secured Mr. Lam to head up the company, with his extensive worldwide experience, I'm confident he will provide the right leadership and management team to grow our business," said Mr. Pang Qingnian, Director of Detroit Electric.

About Detroit Electric

Detroit Electric is a joint venture company formed between a 13-year-old US electric car company ZAP (BULLETIN BOARD: ZAAP) and one of China's leading vehicle manufacturers China Youngman Automotive Group. The Company has revived the vintage electric car brand Detroit Electric and its business scope covers manufacturing, marketing, distribution and sales of pure electric vehicles including buses, coaches and passenger cars. Detroit Electric was an American icon in the early part of the 1900s. The brand represented the most popular electric car in history and the longest running electric car company, which operated between 1907 and 1939 by the Anderson Electric Car Company in Detroit Michigan. At the time, the car was very popular, with customers like Thomas Edison, Charles Proteus Steinmetz, Henry Ford's Wife Clara, and John D. Rockefeller, Jr. Detroit Electric is a name that speaks to generations about the past and the future of automobiles. For more information, please visit our website http://www.detroit-electric.com/