Coda Automotive’s electric car will start selling in second half of 2011

Article by Christian A., on March 4, 2011

Coda Automotive Inc. reiterated that development of its electric car is on track and that it will go on sale as scheduled in the second half of this year in California. Coda is backed by billionaire Philip Falcone.

At a briefing in Beijing, CEO Philip Murtaugh said that the cars will be sold at an “unbelievable value.” He explained that as the company is only concerned with one car, the company will be able to remain “completely focused on the electric-vehicle business.”

When former Goldman Sachs Group Inc. executive Kevin Czinger resigned as chief executive, Coda decided to delay plans to export Chinese-made electric vehicles to the U.S. until the second half of 2011 from December.

Murtaugh, who was instrumental in establishing General Motor Co.’s Chinese operations, was named to the position in January. Murtaugh said that Coda intends to sell 50,000 vehicles by 2015, most in the U.S. Coda is one of several new companies, including Tesla Motors Inc. and Fisker Automotive, that bank on the mass market adoption of electric vehicles.

Major automakers including Nissan Motor Co. and General Motors have also launched electric cars. Coda claims on its website that its electric car can travel 120 miles (193 kilometers) on a full charge of its lithium battery pack and that the average charge time is six hours.

Coda based the car on a Mitsubishi Motors Corp. chassis and it is made in Harbin, China, through a partnership with Hafei Motor Co. [via autonews - sub. required]

Topics: electric car

If you liked the article, share on:

Comments

Recommended

Opel revealed it has sweetened the pot for 2017 Insignia Grand Sport customers with the Opel Exclusive program. Through this program, the brand hopes to introduce a wide selection of...
by - February 22, 2017
Fireball Performance Cars has been known to make the fastest sixth generation LT1 Camaros in the world. Once again it has managed to walk the talk as it hit a...
by - February 22, 2017
The North American unit of German premium carmaker BMW is recalling around 19,000 units of its BMW i3 electric vehicle because of the risk of fuel leak. You may ask,...
by - February 22, 2017
A publication by the U.S. Patent and Trademark Office revealed that Honda is still looking into the Project 2&4 Concept. Officially unveiled during the 2015 Frankfurt Motor Show, the Project...
by - February 22, 2017
Barely a month before its official debut, Hyundai gave everyone a taste of what’s to come with the 2017 Hyundai i30 Wagon. Despite what little was shown, it did not...
by - February 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries