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CODA Holdings and Great Wall Motors to jointly co-develop global entry-level EV

CODA Holdings, a developer of battery-electric vehicles (CODA Sedan) and advanced battery systems signed a contract with Great Wall Motors Company to co-develop a lower-cost, entry-level battery-electric vehicle for worldwide distribution. The two had signed a Letter of Intent in August 2011. (Earlier post.)

Designed for the North American, Chinese, and European markets, this co-developed EV--which will be the second in CODA’s portfolio—is intended to be the most affordable EV on the market, comparable to entry-level internal combustion engine vehicles.

The joint effort will blend CODA’s battery technology, knowledge of the US market and experience with global joint ventures with the expertise of China's fastest growing and most profitable automotive producer. Great Wall Motors delivered nearly 500,000 vehicles in 2011 worldwide.

Products will be developed by employees of both companies in their research facilities in LA and Baoding, China. Vehicles will be sub-assembled in Great Wall’s manufacturing facilities in Baoding. Final assembly of US destined vehicles will take place in Coda’s facility in the US.

Comments

kelly

"..is intended to be the most affordable EV on the market, comparable to is intended to be the most affordable EV on the market, comparable to entry-level internal combustion engine vehicles." sounds better than several times that price.

ToppaTom

I assume Chevy and Nissan accidently intended the Volt and Leaf to be MORE expensive than comparable to entry-level internal combustion engine vehicles.

Arne

TT,

The Volt and LEAF are on sale now. Future pricing is unknown.

Let's see first what comes of the CODA sedan and whether it is any good. So far there has been nothing to report about sales numbers, real life range etc. Then, let's get excited about the prospect of an 'affordable EV' and when it will really hit the showrooms and what the spec are and what CODA means by 'affordable'.

ToppaTom

Do not think this makes me excited.

Let's get excited about an 'affordable EV' IF and when it really hits the showrooms.

Were the EV1, Tesla, Fiskar, Volt or Leaf exciting?

Not on a cost-benefit basis.

And to think that 10 years of EV production means that Toyota, Chevy and Nissan are leading the pack and will "win" is without foundation.

Maybe the breakthrough will be by one who only waits and sees, until affordable batteries are available.

Could it be CODA?

Three chances for THAT; fat, slim and none.

Reel$$

Especially from a Chinese company masquerading as American. Good ruk.

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