Zongshen PEM Power Systems Inc. To Host Conference Call to Discuss the Third Quarter 2008 Financial Results

November 7, 2008 - Vancouver, British Columbia - Zongshen PEM Power Systems Inc. ("ZPP" or "the Company") (TSX: ZPP), today announced that it will report its financial results for the three-month period ended September 30, 2008, on Friday November 14, 2008 at 8:00 a.m., Eastern Standard Time (EST). The Company will also hold a conference call on the same day at 11:00 a.m., EST to discuss the financial results.

Scheduled speakers for the call include Frank Chen, Chief Financial Officer and Ali Mahdavi, Vice President of Corporate Finance and Investor Relations.

Date: Friday, November 14, 2008
Time: 11:00 a.m., Eastern Standard Time
Dial in number: 1-888-218-8170 (North America) or 1-913-312-1459 (International)
Taped Replay: 1-888-203-1112 (North America) or 1-719-457-0820 (International)
Taped Replay Pass Code: 6796432 (Available till November 28, 11:59 pm E.S.T.)
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.

About Zongshen Industrial Group
Zongshen Industrial Group was founded in 1992, and now consists of 30 totally or majority owned subsidiaries including Chongqing Zongshen Power Machinery Co., which is listed on the Shenzhen Stock Exchange. The Company employs in excess of 13,000 employees with assets in excess of RMB 8.4 billion yuan. Zongshen Industrial Group implements the development strategy of related diversification within thermodynamic machinery industry. Its engine products mainly include motorcycle engines, mini-car engines, speedboat engines, and general-purpose machinery. Its end products mainly include motorcycles, speedboats and other power equipment. Zongshen Industrial Group now has an annual production capacity of 2,000,000 motorcycles, 50,000 mini vans, 3,000,000 motorcycle engines, 5,000,000 general-purpose engines, and 100,000 car engines. Zongshen Industrial Group has established a leading brand for motorcycles in China attracting some of the world’s largest motorcycle manufacturers as joint venture partners.

For more information please contact:
Ali Mahdavi
Zongshen PEM Power Systems Inc.
Vice President, Corporate Finance & Investor Relations
1-416-962-3300
1.877.775.8734
amahdavi@zongshenpem.com