CODA Holdings, a California-based developer of Lithium-ion battery systems for its all-electric CODA Sedan, EV powertrain and stationary energy storage applications entered into a Letter of Intent to develop electric vehicles with China’s Great Wall Motor Company Limited, using Great Wall models, for distribution worldwide.
The partnership would blend technology capabilities from China’s fastest growing and greatest profit margin automotive producer (according to Great Wall) and CODA’s purpose-built Lithium iron phosphate battery system. The agreement also expands CODA’s strong relationships with Chinese automakers in the world’s largest auto market.
CODA’s debut CODA Sedan, a four-door, five-passenger all-electric car to be manufactured by Hafei in China was originally targeted for the California market in 2010. (Earlier post.) CODA says that limited consumer deliveries are now slated for the end of 2011 with a production target of 10,000 to 14,000 vehicles in the 12 months following launch in California.
This partnership will allow us to combine CODA’s high performance EV propulsion system and understanding of the United States market with Great Wall’s extensive vehicle platforms, experience in the China market and leading manufacturing capability. I’m confident that our combined strengths will ensure us to together become a significant player in the electric vehicle segment worldwide.—Wei Jianjun, Chairman of Great Wall Motors
The CODA EV propulsion system combines a 36kWh battery pack that sits between the front and rear axle, achieving optimal performance through balanced weight distribution and a low center of gravity. Coupled with a 134 hp (100 kW) motor that achieves 221 lb-ft (300 N·m) of torque, regenerative braking system, and air-cooled active thermal management system, the CODA sedan promises consumers 120-150 real-world driving miles (193 to 241 km) per charge, according to the company. Fitted with a 6.6 kW onboard charger, it takes about 6 hours to fully charge from empty and 2 hours to charge for an average 40-mile (64 km) commute.
Based in Baoding, China, Great Wall Motor Company Limited was the first private vehicle automaker listed on the Hong Kong Stock Exchange, and currently has more than 30 subsidiaries and 42,000 employees. Their three primary vehicle lines include the Haval SUV, Voleex Sedan, Wingle Pickup and MPV wagon which accounted for more than 390,000 vehicles sold in 2010, a year-on-year increase of 70%. Year to date, it is the fastest growing and most profitable Chinese OEM and the first Chinese manufacturer to pass passenger car European Community Whole Vehicle Type Approval (ECWVTA).