Alas, Bad News from Zenn. Or is it not?
cityZenn
In a controversial message posted on their website Zenn, the Canadian electric car manufacturer, has announced that it would cease the production of EVs and development of new ones. They claim it is due to a change of business strategy and focus.
From now on Zenn will concentrate on electric drivetrain production. Allegedly, they have agreements with OEMs for supplying drivetrain for electric cars. Zenn also continues to work with EEStor Inc - the American company that has promised it would produce batteries with lower charge time and increased range of up to 220 miles (400 km). If this happens, the twosome (Zenn owns a 10.5pc stake in EEStor Inc) will have one of the most advanced electric car technology package currently available.
But then again, many of the large car manufacturers have or are developing their own technologies. So, the future is not so certain.
So far Zenn has produced no more than 350 electric cars and that will be it. Ian Clifford, CEO, said: “Given the timelines involved, introducing the cityZenn (car) directly into the marketplace would have ultimately competed with our prospective OEM and Tier 1 supplier engagements and create unnecessary nearterm confusion at the consumer level…”
We can only hope that the OEM “prospects” turn out to be valid.
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