Under the agreement, the parties will work together to retrofit EV-1, an all-Electric vehicle originally provided by University of Hawaii. The new, zinc air fuel cell powered EV-1 is scheduled for field testing and evaluation in late August 2002. The agreement also laid out a goal to secure a bid in China's 10th Five-year Plan's 863 Electric vehicle project.

Zhejiang University's College of Electrical Engineering and its National Research Center for Applied Power Electronic Technology (NRC-APE) is the first school that offers Power Electronic studies in China. It has been granted as a top tier study and laboratory by the State Education Commission. Approved by the State Planning Commission, NRC-APE has also been a nationally ranked power electronics applied technology engineering laboratory. Zhejiang University is the first school in China to develop Electric vehicles. They are one of the key participants in the State Science & Technology Commission (SSTC)'s 85EV project as well as the 95EV project of the China's 863 Program.