Mexican Media Brands
Great Wall to Make EVs with Coda for U.S., China
Coda Automotive Inc. says it intends to produce electric cars with China's Great Wall Motor Co. that will be sold in the U.S. and China beginning in the second quarter of 2014.
#hybrid
Share
Coda Automotive Inc. says it intends to produce electric cars with China's Great Wall Motor Co. that will be sold in the U.S. and China beginning in the second quarter of 2014. The partners also plan to eventually offer the car in Europe.
CEO Phil Murtaugh tells reporters that each company will market the cars under its own brand in its respective country.
The partners, who announced plans for their non-equity venture last August, plan to assemble Chinese versions of the new model at Great Wall's factory in Baoding. Final assembly of cars for the American market will occur at Coda's plant in Benicia, Calif.
Separately, the U.S. company introduced the $45,000 Coda electric sedan in the U.S. earlier this year after several delays. That model consists of a body made in China by Hafei Automobile Group and an electric drivetrain installed by Coda in Benicia. The car uses batteries made by China-based Lishen Power Battery.
Last month Coda and Lishen canceled plans to open a lithium-ion battery plant in Columbus, Ohio. Coda says the companies abandoned the project because the U.S. Dept. of Energy delayed their application for a $500 million loan to help fund the facility.
RELATED CONTENT
-
Startup Readies Solar-Powered EV
Germany’s Sono Motors GmbH says it has received 5,000 orders for its upcoming Sion electric car, which can be partially recharged by it attached solar panels.
-
Report: Old-Line Carmakers Set to Sweep Past Tesla in EV Race
Tesla Inc. will retain its position as the world’s largest maker of electric cars next year but plunge to seventh behind well-established vehicle manufacturers by 2021, predicts PA Consulting Group.
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.