Coda to sell China-made electric car in US in 2011
Thursday 03 March 2011
US electric car maker Coda Holdings will make its first all-electric sedan in China and start selling it in the United States in the second half of this year, a report said Thursday.
The firm is also in talks with its main Chinese manufacturing partner Hafei Motor about selling electric cars in China, the world's biggest auto market, the Wall Street Journal said, citing Coda chief executive Philip Murtaugh.
The California-based company, which also has a joint venture with Tianjin Lishen Battery Joint-Stock Co, expects to sell 10,000-14,000 sedans in the first 12 months after its launch in the United States, the newspaper said.
Coda's sedan is aimed at the middle of the market with a suggested retail price of $44,900, the report said.
It will face competition in the green car market from larger rivals General Motors and Nissan Motor, which have already launched electric vehicles in the US market.
Murtaugh, who joined Coda in January, said he hoped to work with Hafei to launch a Coda-based vehicle in China.
"Before I got here, there wasn't a whole lot of attention paid to China within Coda, in terms of domestic sales," Murtaugh, a former GM China chairman, was quoted saying.
"The first question I asked was, why aren't we selling this in China. So we're working on it."
Life & Style blogs
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 5 Ball pool for adults opens in London
Negotiable: Tradewind Recruitment: My client is an excellent, large partially ...
£90 - £140 per day: Tradewind Recruitment: I am currently working in partnersh...
£100 - £150 per day: Tradewind Recruitment: Year 3 Teacher Birmingham Jan 2015...
£45000 - £50000 per annum + Excellent benefits: Ashdown Group: Lead Web Develo...