Coda aims to sell 50,000 EVs by 2015

subscribe

Electric car start-up Coda Automotive aims to sell 50,000 vehicles by 2015, mostly in the United States, chief executive Phil Murtaugh told reporters.

Coda, like Tesla Motors Inc and Fisker Automotive, is one of several new companies that are banking on mass-market adoption of electric vehicles. Major automakers including Nissan Motor Co and General Motors are also racing to launch electric cars.

Coda is making its first vehicle, the CODA EV, in China in partnership with Hafei, which is controlled by state-owned China Changan Auto, and is scheduled to begin selling it in the United States in the second half of this year.

It will be sold to fleet buyers in California initially and slowly expand into other states, Murtaugh told reporters in Beijing.

"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 has set a target to sell 10,000 to 14,000 units in the first 12 months after its launch.

The Santa Monica-California based company also has a battery joint venture with Lishen Battery Power.

The company had in January tapped Murtaugh, a former General Motors Co and Chrysler executive with extensive experience in China as its new chief executive.

Related News

co2 flame

Climate Solution: Use Carbon Dioxide to Generate Electricity

LONDON - The world is quickly realizing it may need to actively pull carbon dioxide out of the atmosphere to stave off the ill effects of climate change. Scientists and engineers have proposed various techniques, but most would be extremely expensive—without generating any revenue. No one wants to foot the bill.

One method explored in the past decade might now be a step closer to becoming practical, as a result of a new computer simulation study. The process would involve pumping airborne CO2 down into methane hydrates—large deposits of icy water and methane right under the seafloor, beneath water 500 to…

READ MORE
ukraine-prepares-for-winter-amid-energy-challenges

Ukraine Prepares for Winter Amid Energy Challenges

READ MORE

company-becomes-uk-second-largest-electricity-operator

Company Becomes UK's Second-Largest Electricity Operator

READ MORE

ford-cancels-wind

Doug Ford ‘proud’ of decision to tear up hundreds of green energy contracts

READ MORE

trump-canada-tariff-may-spike-ny-energy-prices

Trump's Canada Tariff May Spike NY Energy Prices

READ MORE