Coda to enter a new deal with Great Wall Motor

Article by Christian A., on August 25, 2011

Coda Holdings is planning to enter a new deal with a Chinese company, Great Wall Motor Co., to manufacture electric vehicles in China to be sold globally. However, Coda Holdings, which is based in Santa Monica, Calif., will continue to build and sell electric vehicles in the U.S. this year. Last week, Coda said that it has inked a letter of intent with Great Wall for the joint development of electric vehicles.

Coda CEO Phil Murtaugh asserts that this deal will have "zero impact" on Coda's plans for U.S. assembly of an EV that uses car bodies from Hafei Motor Co., a smaller Chinese automaker.

Coda hasn’t totally ruled out building EVs at Great Wall for export to the U.S. Murtaugh said that the company is “wide open” and is studying what would make the “best business sense." This may include exports to the U.S. He said that these cars for the U.S. will be branded Coda but cars meant for China will be given the Great Wall brand.

Great Wall actually has more experience in international markets when compared to Hafei. J.D. Power and Associates said that in 2010, the domestic sales of Great Wall increased by 76% to 397,362 units.

So far, about 55,000 vehicles have been exported to over 100 countries, including Australia. J.D. Power said that Hafei's car sales dropped by 10% in 2010 to 220,330 units.

Murtaugh, who is formerly the head of GM China and Chrysler Asia-Pacific, asserted that the U.S. launch of a Coda EV will take place later this year as scheduled. For many times, this launch has been put off as Coda shuffled leadership and looked for funding.

Topics: electric car

If you liked the article, share on:

Comments

Recommended

Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 2017
Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
It seems that AM-RB 001 hypercar is not the only vehicle project that Aston Martin and Red Bull Racing has gone into. This time, don’t expect something as outlandish as...
by - February 24, 2017
The year 2018 marks the golden anniversary of Subaru of America. Of course, the company will celebrate 50 years of being at the helm of the brand’s crusade in North...
by - February 24, 2017
During car crashes and accidents, there are times that its occupants can’t get out easily. There are times when the only way to get out of that situation is to...
by - February 23, 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