I made a summary here:-
The even shorter summary is that ZAP has announced a deal for producing the ZAP-X vapor(..er..)..vehicle.
Youngman Automotive is said to be a large vehicle manufacturer in China with 12 subsidiaries. They produce over 60 different vehicles, can produce over 200,000 vehicles per year, and sell vehicles all over the world.
The CEO of Lotus has joined the board of ZAP and was instrumental in making the deal.
I've been observing ZAP and a shareholder of ZAP several times, and they've made large splashy announcements in the past that turned out to be nothing or worse. So I recommend an appropriate dosage of grains of salt. But it looks interesting and yahoogling "Youngman Automotive Group" turned up lots of interesting articles.