Coda hopes to sell 50,000 units of electric-sedan by 2015

Coda EV
Coda EV

Coda Automotive said that it hopes to sell 50,000 vehicles by 2015 with most of the sales coming from the United States, according to the company’s CEO Phil Murtaugh. Earlier last year, Coda delayed the launch date of its battery powered sedan until the second half of 2011.

Coda will be producing the Coda EV sedan in China in a partnership with Hafei, which is controlled by state-owned China Changan Auto.

Initially, the Coda EV will be sold to fleet buyers in California and will slowly expand to other states. Murtaugh said.

“Once we start selling to fleets and get a feel of how we are doing, we will start selling to consumers. Our plan is to go slowly,” he said.

Coda plans to sell 10,000 to 14,000 units in the first 12 months after its initial launch.

Coda Electric-Car:

– By: Omar Rana

Source: Reuters