California-based electric car maker Coda has just announced today that in order to make sure its efforts are well-supported, they will partner with China’s Great Wall Motors to develop new global electric vehicles, including a potential Chinese-American competitor to the Nissan LEAF.
“Our collaboration will enable us to provide our respective customers with a broad selection of high-performing and affordable electric vehicles globally,” said Phill Murtaugh, CEO of Coda.
Coda plans on fitting their EV technology to Great Wall’s car platforms. The California maker said that they plan on launching their own EV in the US by the end of 2011. It will be based on an older Chinese model the Hafei Saibao and will start at just under $45,000.
Also assisting in the investment of Coda Motors is former US Treasury Secretary Henry Paulson.
– By: Chris Chin