Coda Automotive Inc ., on Thursday said it is on schedule to start sales of its electric car in the second half of this year in California.
Electric automaker aims to sell 50,000 vehicles by 2015, mostly in the United States, chief executive Phil Murtaugh told reporters on Wednesday
The cars will be sold at an “unbelievable value,” Murtaugh said at a briefing with reporters in Beijing, quoted by Bloomberg News.
“We only have one car to worry about. It will keep us completely focused on the electric-vehicle business.”
Officials in Coda’s Chinese branch stated that the car can be driven for 200 km after a six hour charge.
The car is based on a Mitsubishi Motors Corp. chassis and will be made in Harbin, China, through a partnership with Hafei Motor Co. Final assembly takes place in U.S. – California and will cost around $44,900 before a $7,500 tax credit.
The company has said it would initially employ more than 1,000 workers to make battery packs for the all-electric sedan. Back in January, Coda tapped Murtaugh, a former General Motors Co and Chrysler executive with extensive experience in China as its new chief executive.