What does ZHP mean when talking about BMW 330i's?

ZHP is the factory order code for the performance package available on 2003+ 330i. It's not the sport package- that's ZSP, available on all 330i.
ZHP is not found on the exterior of the car anywhere. It is an option code, not a trim level.
 
That is the cars package code. Like with Evos, its IX, RS, MR.. or Nissan, S, SE, SE-R. Hope this helps. And heres your package code.

http://www.bimmerfest.com/wiki/index.php/BMW_E46#Options_.26_Package_Codes
 
ZHP is just a sport package which BMW came out with for a mid 03+ E46's.

And no, you dont have it on yours (since it came out a few years after your car was built).

It has some cool stuff in the package though like a lighter flywheel, an M suspension, higher redline, different exhaust, and a slightly governor at 155 instead of 128.
 
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