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Coda To Begin Electric Car Sales Q3 2011

Company will begin sales in California and expects to sell 10,000-14,000 electric cars in 12 months following introduction.

Published: 03-Mar-2011

Coda Automotive Inc. said that it is on track to sell its first all-electric sedan in the U.S. starting in the second half of 2011, according to chief executive officer Philip Murtaugh.

The company expects to sell 10,000 to 14,000 Coda sedans in the 12 months following its introduction in California.

Coda is also in talks with its main Chinese vehicle-manufacturing partner, Hafei Motor Co., about using the company's technology in cars produced by the Chinese automaker.

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RELATED NEWS ITEMS

Final assembly of Coda Electric would be in Bay Area.

Plant would create 100 jobs and product 14,000 vehicles annually.

CODA Electric priced $12,000 above Nissan LEAF electric car.

Sticker price $44,900 and with tax credits and rebates in California can drop price to $32,400.

Coda all-electric car will be deployed at Enterprise Rent-A-Car facilities.

Battery-powered Sedan has range up to 120 miles with 6.6kW on-board charger supporting full recharge in six hours.

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