We signed a contract today with Great Wall Motor Company to co-develop an electric vehicle for the global distribution. The first vehicle model will be decided in the near future, but we plan to make it the most affordable EV on the market (comparable to entry-level internal combustion engine vehicles).
As mentioned in our press release (read here), the joint effort will blend our leading battery technology, knowledge of the US market and deep experience with global joint ventures with the expertise of China’s fastest growing and most profitable automotive producer. Known for its high-quality sedans, SUVs and pick-up trucks, Great Wall Motors is the fastest growing and most profitable OEM in China, delivering nearly 500,000 vehicles in 2011 worldwide.
As our CEO Phil Murtaugh stated in the release, we are looking forward to continuing our mission of accelerating the adoption of electric vehicles. By working with Great Wall Motors, we can leverage their manufacturing expertise to bring to life another solution to a global problem together and make high-quality clean technology accessible and cleaner air for all!
More information is available on our FAQ page here. If you have additional questions, please contact Press@codaautomotive.com.
Pictured (left to right):
Mark Atkeson, Senior Vice President, CODA China operations
Phil Murtaugh, CEO, CODA Holdings
Wei Jianjun, Chairman, Great Wall Motors
Huang Yong, Vice President, Great Wall Motors
High resolution image can be downloaded here
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