CODA Electric Vehicle Blog

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Coda Automotive Raising Money to Finish Electric Car

Posted on Tuesday, April 12, 2024 at 10:10 PM 6 Comments

By Josie Garthwaite, NYTimes.com

Coda Automotive, an electric vehicle developer in Santa Monica, Calif., with a battery joint venture in Tianjin, China, is seeking fresh capital to complete work on its first model, the electric Coda Sedan. Christopher Rose, the company’s senior vice president for corporate development, said on the sidelines of the Berkeley-Stanford Cleantech Conference in San Francisco last weekend that the $50 million investment the company was seeking would be used “to finish the car.”

In early January, regulatory filings showed Coda had raised $76 million of a planned $125 million round, bringing the company’s total investment to more than $200 million. At the time, the company said the financing would go toward 2011 sales and marketing efforts, as well as preparations “for start of production” and additional equity investment in the lithium-ion battery plant Coda has set up with its joint venture partner Lishen Power Battery in Tianjin.

Read More: http://wheels.blogs.nytimes.com/2011/04/11/coda-automotive-raising-money-to-finish-electric-car/

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6 Comments

what about the battery plant in Columbus Ohio?

Posted by mel meyers on April 14, 2024 at 8:26 pm

CODA remains committed to our plans to build an advanced battery manufacturing facility in Columbus, Ohio that would create 1,000 construction jobs and more than 2,000 direct jobs once the plant is running at full capacity. We can’t say much more than that for now, but stay tuned.

Posted by admin on April 15, 2024 at 7:18 pm

Will the car selling in China?And where is the store as CODA’s plan

Posted by Kobe on April 19, 2024 at 2:48 am

While we do believe in accelerating the all-electric car movement throughout the US and globally, we believe that we need to start out very focused in order to be successful. That is why we are initially launching only in the California market and then moving to other markets within the US over the course of the next 18 months. CODA will be announcing the US markets that will receive CODA retail locations as we determine our US rollout.

CODA will announce plans for an international distribution strategy subsequent to our US rollout.

CODA’s retail store will be located in the Westfield Century City Mall. The location is near the escalaters to the AMC Theatre.

Posted by admin on April 19, 2024 at 6:21 pm

your website should give details about the car

Posted by ray mathews on May 11, 2024 at 3:43 am

Ray, there are plenty of details available on our website. Find CODA’s specs here: https://codaautomotive.com/electric-car-specifications/.

Thank you for your interest in CODA!

Posted by admin on May 11, 2024 at 6:25 pm

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