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PHOTO CAPTION: Coda all-electric car is currently powered by batteries produced in China.

Coda Files Federal Loan Ap for Electric Car Battery Plant

Company wants a low-interest loan from the Advanced Technology Vehicles Manufacturing Program.

Published: 28-Jun-2010

Coda Automotive has submitted its application for a federal loan that would enable the company to build a battery factory in Columbus.

Now, company and city and state leaders will need to wait for the U.S. Department of Energy to consider the plan and make a decision. How long that might be is not known. The factory would provide about 1,000 manufacturing jobs.

"We're very pleased that the process is moving forward," said Bethany Close, spokeswoman for the Ohio Department of Development.

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