Deal to bring cheap electric cars Down Under
THE world’s cheapest cars might come to Australia wearing Great Wall badges in a new partnership between the US and China.
American company CODA Holdings has joined forces with Great Wall, to take the electric expertise that has seen it develop an affordable, but basic and quality challenged, electric car for sales in the US.
The companies are talking about a price that matches the cheapest internal combustion cars, pointing to sub-$15,000.
CODA has made solid ground with development of its advanced battery systems, but the new deal is a big breakthrough for the California-based company.
It now has forged a partnership with Great Wall that is intended to produce a plug-in battery vehicle that is the cheapest in the world, and priced well below everything from the Smart ForTwo ED and $51,500 Nissan Leaf to the Mitsubishi iMieEV already available in Australia for $48,800.
There is no confirmation yet of the CODA-Great Wall plug-in, 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,’’ chairman of Great Wall Motors, Wei Jianjun says.
‘‘We envision a long-term, successful relationship with CODA, creating industryleading EVs for our generation and beyond.’’
Chief executive of CODA Holdings, 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.’’
He said this would help drivers worldwide go electric affordably and support the mission of putting an EV in everyone’s garage.’’