Santa Monica, California – A affordable Chinese-built all-electric sedan will be introduced into the mainstream California market in 2010 by Coda Automotive. The company was formed and developed under the stewardship of Miles Rubin, who markets low-speed electric vehicles under the Miles Electric Vehicles brand.
The battery systems will be produced under a joint venture with Tianjin Lishen Battery Joint-Stock Company, with which Coda has an existing long-term sourcing contract for lithium-ion batteries. The two companies have announced the establishment of a global joint venture to design, manufacture and sell transportation and utility power storage battery systems.
Coda’s manufacturing partner, Hafei, is a state-owned Chinese manufacturer of automobiles and airplanes. The company has delivered more than 1 million vehicles and currently produces 200,000 vehicles per year.
As a new automotive company, Coda’s focus will be on branding, designing and manufacturing fully safety-compliant, all-electric vehicles capable of mainstream performance and highway use. Scheduled for delivery in the fall of 2010 in California, the four-door, five-passenger, fully-equipped midsize Coda sedan will retail for US$45,000. It will be eligible for a $7,500 federal tax credit and additional state incentives.
Powered by a 333-volt lithium-ion battery, the Coda will have a real-world range of 90 to 120 miles (145 to 193 km), depending on driving habits, which the company said is far enough between charges to satisfy 94 per cent of daily driving routines. The on-board charger plugs into any 110- or 220-volt standard outlet, and completes a full charge in less than six hours at 220-volt service. Charging the battery for a 40-mile (64 km) commute can be completed in two hours.
Liseh is one of the world’s largest manufacturers of lithium-ion cells and is a key supplier to Apple, Motorola, Samsung and Vodafone, among others. Plans have been made to establish capacity in the U.S. in partnership with a U.S. battery company. Coda’s internal team, along with specialized U.S. and European engineering partners, will oversee the manufacturing process to ensure that the vehicles are built to Western safety specifications and market expectations.
Coda Automotive employs a direct distribution model, and initially will sell the vehicle only in California. Maintenance and service will be performed by Coda through an outsourced network comprised of brand-name car service partners.