Thursday, December 29, 2011

CODA goes green

CODA Holdings announced at the Los Angeles Auto Show that production of its self-named flagship sedan has begun for next year.

Inspired by the Chinese mid-class Saibao sedan, the CODA is built by China’s Harbin HF Automobile Industry Group (Hafei), and then sent off to California for final assembly.

CODA is a privately owned, Los Angeles-based company that produces low-speed, short-run electric vehicles (EVs) for government use. Thanks to a private funding worth about $300 million, the company ventured out to produce an affordable, mainstream EV with a greater range than any car currently available on the market.

Consumers can get the car at a starting price of US$39,000, but a California rebate worth $2,500 and federal tax credits amounting to $7,500 would make the price more attractive.

CODA is committed to reduce costs and pass the savings on to consumers, said CEO Phil Murtaugh. The company also hopes to sell 14,000 EVs in the US and aspires of eventual worldwide distribution.

The CODA boasts an electric drivetrain that offers twice as fast charging times than the Nissan LEAF’s, as well as a driving range of up to 240 km on a single full charge. The car is even more powerful with 134hp and 221 lb-ft of torque. The CODA also comes with a 36 kWh lithium-ion battery pack, which stores 50 percent more energy than the LEAF’s.

For the original article, click here.

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