CODA & Lishen jointly announced to sell fully electric car with …

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Coda electric car

CODA Lishen jointly announced to sell fully electric car with a range of about 100 miles by 2010

Recently 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 partnered with a European OEM engineering firm and major automotive assembly plant in China to design and build the vehicle chassis, allowing them to cut major manufacturing costs, according to Reuters. CODA told Reuters that the fully electric sedan will be safety certified for the U.S. market.

Scheduled for delivery in the fall of 2010 in California, the four-door, five-passenger sedan will be priced at $45,000 (mid-$30,000s after a $7,500 Federal tax credit and additional state incentives), which will be about the price of a GM Chevy Volt. General Motors Corp has announced it will make the plug-in electric Chevrolet Volt to market in late 2010 and will manufacture about 10,000 in its first year.

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.

Technical specifications:

The progressive electric motor provides smooth acceleration. 4-Door, mid-size sedan. Seats 5 adults with plenty of trunk space. Climate control for a more comfortable drive.

Real-world range of 90-120 miles per charge. More than enough for 94% of trips. Plugs into any standard outlet to recharge. Gets you where you re going with a warranty-backed battery system. Utilizes leading automotive components with full supply chain capabilities.

Safety tested all-electric battery power system.

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.

Coda electric car

CODA’s sedan is electronically limted to 80 mph, and accelerates 0-60 in less than 11s. The zero-emissions Coda family sedan car will have top speed of about 80 miles per hour (130 kilometers per hour) and will get a full charge from a 220-volt outlet in six hours and can charge enough for a 40-mile trip in two hours, Coda said. In a pinch, the car can be charged from a household 110-volt outlet, but it will take about five times as long as with a 220-volt system.

Coda estimates that it will cost less than $3 on average to drive the sedan 100 miles, compared with about $17 for a gasoline-powered car getting about 20 miles per gallon. Based on Mitsubishi components, and styled and certified by Italian design and engineering firm Pininfarina, Coda s version of the sedan swaps out the engine and transmission for a 37 kilowatt-hour ithium-ion battery pack from another state-owned company, Tianjin Lishen.

The Coda will have a range of 90 to 120 miles, depending on usage. The company quotes a top speed above 80 miles per hour, and 0-60 times of 8.5 seconds. A full recharge will take six hours using 220-Volt power, the same kind used by electric stoves and clothes driers.

Coda is marketing the car as a way to kick the oil habit without having to buy a racy Tesla Roadster for $100,000. It s a practical revolution for real drivers who need reliable transportation, said Coda Automotive CEO Kevin Czinger in a statement. Coda Automotive expects to sell 2,700 electric sedans in 2010 and then explore selling to other markets outside California in 2011, Czinger said.

The limiting factor in terms of car volumes is the availability of batteries, he said. Its manufacturing partner will be capable of producing 20,000 battery packs a year in 2011.

The US has less than 2% of the world s proven oil reserves, which is why in 2008, we imported 70% of our oil while sending $468 billion to foreign sources. This harms our economy and threatens our security. Driving a Coda means helping to end our dependence on foreign oil.

Is it possible to build a brand by buying other peoples vehicles and powertrains and marketing them with a twist?

Coda electric car
Coda electric car
Coda electric car
Coda electric car
Coda electric car

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