At noon today, nascent auto-maker CODA announced a new electric car available in California in fall 2010. The fully electric sedan will have a range of 90-100 miles on a fully-charged battery.
Speaking during a webinar, the company also formally announced a global joint venture between CODA and battery manufacturer Lishen Battery Co., located in Tianjin, China. Lishen is one of the world’s largest manufacturers of lithium-ion cells for companies like Apple, Motorola, Samsung, and Vodafone. CODA will maintain a 40% stake in the partnership.
CODA has also coupled with a European OEM engineering firm and major automotive assembly plant in China to design and build the chassis for the vehicle, allowing them to circumvent major manufacturing costs. CODA assured us that the electric vehicle will be safety certified for the US market.
The global battery partnership has also teamed up with a US company to file a DOE application for federal funding. Applications for Federal stimulus funds were due May 19th, and if selected, the partnership would build a battery manufacturing plant in the US.
CODA claims that the CODA 4-door Sedan will be the first mainstream all-electric vehicle available in the United States that will provide the type of utility needed for normal day-to-day tasks.
The 90-100 mile minimum range covers 94% of commuter trips in the United States according to statistics from the Bureau of transportation. Base price for the CODA sedan will be $45,000, but after State and Federal subsidies it should be closer to mid-$30,000s, putting it in the same ball-park as GM’s Chevy Volt.
The Coda sedan is an all-electric vehicle for everyone. It’s a practical revolution for real drivers who need reliable transportation.
-Kevin Czinger, President and CEO, Coda Automotive.
Details and Technical Specs of the CODA Electric Vehicle
The CODA will get 90-100 miles in on a charge, depending on driving style. The car will be powered by a 33.8 kwh lithium-ion battery pack.
The car ships with a 6.6 kw charger, which when plugged into a 220V AC input completes charging for a depleted battery in 6 hours. The typical commuter driving 40 miles a day (and one who has access to a 220V plug) would be able to charge in 2 hours per day. The car can also recharge more slowly from std. 110V outlets. The car will have a 3-year, 36,000-mile warranty, and an 8-year, 100,000 mile battery warranty.
The company expects the sedan to achieve a 5-star impact safety rating based on early testing. They are working with top-tier partssuppliers for all the working parts.
CODA expects to being piority pre-sales in fall-2009, when an unknown deposit amount will be accepted. No deposits are accepted yet but the company is accepting “indications of interest.” In, June 2010, CODA will launch a 200 car fleet-test in California. By fall of 2010 the company will begin customer delivery in California.
The company hopes to ramp uo to a 20,000 vehicle run rate in 2011, when it will expand to other markets. Expansion is primarily limited by ramping up battery manufacturing capabilities.