CODA and Great Wall Motors Enter Into Electric Vehicle Agreement
CODA Holdings, a California based developer of advanced Lithium-ion power battery systems for its all-electric CODA sedan, EV powertrain and stationary energy storage applications, announced that it has entered into a Letter of Intent to develop electric vehicles with China’s Great Wall Motor Company Ltd., using Great Wall models, for distribution worldwide.
"CODA is thrilled to be partnering to electrify Great Wall vehicles," said Phil Murtaugh, CEO of CODA Holdings. "With an extensive line of vehicles, and the leading Chinese manufacturer selling in volume in the European Union as well as more than 120 countries globally, our collaboration will enable us to provide our respective customers with a broad selection of high-performing and affordable electric vehicles globally."
"This partnership will allow us to combine CODA’s high performance EV propulsion system and understanding of the United States market with Great Wall’s extensive vehicle platforms, experience in the China market and leading manufacturing capability," said Wei Jianjun, Chairman of Great Wall Motors. "I’m confident that our combined strengths will ensure us to together become a significant player in the electric vehicle segment worldwide."
The CODA EV propulsion system combines an efficient 36kWh battery pack that sits between the front and rear axle, achieving optimal performance through balanced weight distribution and a low center of gravity. Coupled with a 134 horsepower motor that achieves 221 lb-ft of torque, regenerative braking system, and air-cooled active thermal management system, the CODA sedan is able to provide consumers 120-150 real-world driving miles per charge. Fitted with a class leading 6.6 kW onboard charger, it takes about 6 hours to fully charge from empty and 2 hours to charge for an average 40 mile commute.