CODA to Launch the electric car CODA Sedan in Hawai’i in 2011

CODA Automotive, a privately held American company that designs, manufactures and sells electric vehicles and lithium ion batteries systems for transportation and utility related applications, today announced its intent to distribute the CODA Sedan to consumer and fleet customers in Hawai’i in the third quarter of 2011.

The CODA Sedan will be one of the first affordably priced, all-electric vehicles on the road in the U.S. when CODA begins limited deliveries at the end of 2010.

The CODA Sedan is a four-door, five-passenger car, powered by an all-electric drive system, including a CODA-designed 33.8 kWh Lithium-ion battery system with 40 percent more usable energy that any electric vehicle in its class. CODA’s proprietary battery management and thermal management systems keep the battery within a specified temperature range which enhances safety and durability, and allows for a consistent and dependable range of up to 120 miles across all U.S. weather conditions.

"CODA Automotive’s all-electric vehicle is another important addition to Hawai’i’s efforts to transition to a clean energy economy," said Governor Linda Lingle. "The State of Hawai’i recognizes new electric vehicle technology and the electrification of the transportation sector will play a critical role in helping Hawai’i reduce its dependency on the use of fossil fuels and achieving our 70 percent clean energy goal by 2030."

Under the Hawai’i Clean Energy Initiative launched by Governor Lingle and the U.S. Department of Energy in 2008, Hawai’i’s vision is to have clean energy account for 70 percent of its total energy needs by 2030.

"The government and leadership of Hawai’i has clearly demonstrated that they are aggressively supporting the adoption of all-electric vehicles through their rebate program and commitment to developing charging infrastructure," said Kevin Czinger, President and CEO, CODA Automotive. "We look forward to bringing relief to the people in the State of Hawai’i who are accustomed to traditionally high gas prices and are confident the CODA Sedan will meet all of their day-to-day driving needs."

Over 100,000 miles of use, each CODA Sedan will result in an average CO2 savings of 21.8 tons relative to a 25 MPG internal combustion engine-based car.

CODA Automotive executives are participating in the Asia-Pacific Clean Energy Summit (August 30 – September 2) at the Hawai’i Convention Center.

Headquartered in Santa Monica, Calif., CODA Automotive™ is working to reduce dependence on oil and is leading the way to a cleaner future through advanced lithium ion batteries systems for its 100 percent electric car, other electric vehicle manufacturers and utility applications such as wind power storage.

CODA is working in a smart, interdependent way with more than 30 leading global technology and manufacturing companies across four continents to quickly and efficiently bring electric drive technology to market. Through its exclusive battery system joint venture with Lishen Power Battery, Lio Energy Systems, CODA is also a large-scale producer of power battery systems for transportation and utility applications.

CODA is slated to begin limited deliveries of its all-electric car in the fourth quarter of this year (2010). The CODA™ Sedan is a five-passenger, mid-size car with full rear seating and trunk space that is designed to meet American drivers’ daily transportation needs without using an ounce of gasoline.