Spark of an idea
Great Wall plugs in to US technology for joint venture
deal is a big breakthrough for the California-based technology company.
It has now forged a partnership with Great Wall that’s intended to produce a plug-in battery vehicle that’s the cheapest in the world and priced well below everything from the Smart ForTwo ED and $51,500 Nissan Leaf to the Mitsubishi iMieEV that’s already available in Australia for $48,800.
There is no confirmation yet of the CODA-Great Wall plugin, but it is planned as a truly global model and a cornerstone of the two companies’ future model plans.
‘‘ We’re thrilled to combine the expertise of Great Wall Motors and CODA to create a solution to a global problem together,’’ Great Wall Motors chairman Wei Jianjun says.
‘‘ We envision a long-term, successful relationship with CODA, creating industryleading EVs for our generation and beyond.’’
CODA Holdings CEO Phil Murtaugh says: ‘‘ Together with its JV partner, CODA is working to reduce dependence on fossil fuels and leading the way to a cleaner future through its electric vehicles and stationary energy storage products. We’re excited to work with Great Wall Motors to develop the second product in CODA’s portfolio, to bring another solution to a global problem and together make high-quality clean technology accessible.
‘‘ Ultimately, this will enable drivers worldwide to go electric affordably and support our mission of putting an EV in everyone’s garage.’’ Despite the big talk, CODA Holdings has so far failed to excite much interest in its plain-James EV, despite the growing following for Tesla cars in the US off the back of its Lotus Elise-based sports car and the all-new Model S.
Tesla promises it will build 5000 of the Model S, which it describes as ‘‘ the world’s first premium electric sedan’’ before the end of this year and 20,000 through 2013.
‘‘ In 2009, we set out to build the most innovative car of the 21st century, and since then have dedicated ourselves to developing and testing Model S to ensure that under any situation, Model S never disappoints,’’ Tesla Motors CEO Elon Musk says.
Bright Spark: CODA has
already built a basic electric sedan. The joint
venture vehicle with Great Wall is expected to sell for less than $15,000