Attention Business Editors

Zongshen PEM Power Systems Inc. To Host Conference Call to Discuss the Fourth Quarter and Year End 2008 Financial Results

	    TSX:ZPP

	    VANCOUVER, March 24 /CNW/ - Zongshen PEM Power Systems Inc. ("ZPP" or
"the Company") (TSX: ZPP), today announced that it will report its financial
results for the three-month and twelve-month periods ended December 31, 2008,
on Tuesday March 31, 2009 at 8:00 a.m., Eastern Standard Time (EST). The
Company will also hold a conference call on the same day at 4:00 p.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: Tuesday, March 31, 2009

	    Time: 4:00 p.m., Eastern Standard Time

	    Dial in number: 1-888-820-9408 (North America) or 1-913-312-0409
	    (International)

	    Taped Replay: 1-888-203-1112 (North America) or 1-719-457-0820
	    (International)

	    Taped Replay Pass Code: 7851614 (Available till April 14th, 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.






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	    /For further information: Ali Mahdavi, Zongshen PEM Power Systems Inc.,
Vice President, Corporate Finance & Investor Relations, (416) 962-3300,
1-877-775-8734, [email protected]/