[August 19, 2011] CODA and Great Wall Motors sign LOI to develop electric vehicles Tweet Aug 19, 2011 (Datamonitor via COMTEX) -- CODA Holdings, a US-based manufacturer of electric vehicles and batteries, has entered into a letter of intent to develop electric vehicles with China-based Great Wall Motor Company Limited, using Great Wall models, for distribution worldwide. According to CODA, the partnership would blend key technology capabilities from Great Wall Motor Company and the CODA's lithium iron phosphate battery system. The agreement also expands CODA's strong relationships with Chinese automakers in the world's largest auto market. The CODA EV propulsion system combines an efficient class leading 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 six hours to fully charge from empty and two hours to charge for an average 40 mile commute. "This partnership will allow us to combine CODA's high performance EV propulsion system and understanding of the US 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." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]