Coda Electric Car

Another Electric Car Hits The California Market

Written by Green Chip Stocks
Posted June 3, 2009 at 9:26PM

A new electric car manufacturer, Coda Automotive, announced today that it will introduce a full-performance, all-electric sedan to the California market - next year.

The vehicle features a 33.8 kWh, 333V lithium iron phosphate battery pack with an 8-year, 100,000-mile warranty. The batteries are being supplied by Tianjin Lishen Battery. Tianjin Lishen is one the world's largest manufacturers of lithium-ion cells and a key supplier to Apple, Motorola, and Samsung.

Coda's sedan takes about six hours to charge, and delivers a range of between 90 to 120 miles, with a top speed of 80 mph. The car also comes with factory-standard equipment, like navigation, a green screen that monitors efficiency, roadside assistance, Bluetooth system, power windows, doors, and mirrors, anti-lock brakes, advanced airbags with an occupant detection system - and for all you Howard Stern fans - Sirius satellite capability.

About 2,700 vehicles will hit the market in 2010, with production capacity set to reach 20,000 by 2011.

The five-passenger sedan will be available for $45,000 before the $7,500 federal tax credit and any additional state incentives.

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