CODA to Site Electric Car Battery Manufacturing Facility in Ohio Pending DOE Loan
By Scott Doggett May 25, 2010
CODA, a California-based electric-car and battery company, announced today its plans to build a manufacturing plant for automotive-grade lithium-ion-battery systems in Ohio.
Sales of CODA's battery-electric sedan are slated to start later this year.
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CODA said in a statement it is considering several sites within Ohio for the facility, which could employ more than 1,000 skilled manufacturing workers initially.
Construction of the facility is contingent upon finalizing an incentive package with the state of Ohio and the approval of an application for a Department of Energy Advanced Technology Vehicles Manufacturing Loan "to be submitted soon," the company said.
Lio Energy Systems, a joint venture between CODA and Lishen Power Battery, would operate the facility. Lio Energy Systems currently operates a one-million-square-foot facility in Tianjin, China with the production capacity to produce more than 20,000 battery packs per year. The proposed facility in Ohio would replace that facility.
CODA "will be the majority and control shareholder of the U.S. venture," the company said.
Over the weekend, U.S. Secretary of Commerce Gary Locke toured the facility during the Obama administration's first Cabinet-level trade mission to China.
"International green-technology partnerships can produce rapid job growth back home and deliver energy solutions abroad, and CODA's venture proves it," Locke said.
CODA is headquartered in Santa Monica. It claims to be working with more than 30 technology and manufacturing companies across four continents to quickly and efficiently bring electric-drive technology to market.
CODA is slated to begin delivering its zero-emissions, all-electric four-passenger sedan in the fourth quarter of this year and anticipates that it can deliver more than 14,000 vehicles to customers by the end of 2011.
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