Coda Automotive

Not to be confused with Skoda Auto.
Coda Automotive Inc.
Company typePrivate
IndustryAutomotive, Battery[1]
Founded2009; 15 years ago (2009)[2]
DefunctMay 2016; 8 years ago (2016-05)
FateAcquired by Mullen Technologies and Exergonix, Inc.
HeadquartersLos Angeles, California[1]
Key people
Philip Murtaugh (CEO),
Ashoka Achuthan (CFO),
Steven "Mac" Heller
(Executive Chairman)
ProductsCoda Car[1] lithium-iron batteries
ParentCoda Holdings (2009-2015)[2] Exergonix, Inc.[3] (2016-)
WebsiteCoda Energy

Coda Automotive Inc. was a privately held American company headquartered in Los Angeles, California. The company designed and assembled lithium-iron phosphate (LiFePO4) battery systems for automotive and power storage utility applications, and electric cars.[1] Miles Automotive partnered with Hafei and Qingyuan Electric Vehicle to establish Coda Automotive as an affiliate company.[4][5] The name CODA comes from the musical term for the concluding passage of a piece of music. Coda Automotive has said that it chose the name because its electric vehicle technology represents an end for combustion engine vehicles, and the start of the electric vehicle era.[6]

In June 2009, Coda announced the creation and funding of LIO Energy Systems,[7] a global joint-venture with Lishen Power Battery. LIO Energy Systems was formed with the purpose of designing, manufacturing, and selling battery systems for electric vehicles and utility applications. LIO Energy Systems will supply battery systems to Coda Automotive for use in the all-electric Coda, to other automotive OEMs globally, and to renewable energy producers, utilities and other power storage customers. LIO Energy Systems was later renamed Coda Energy.[8]

Coda's sole vehicle offering was the Coda sedan, a four-door, five passenger electric car powered by a battery pack that delivered a United States Environmental Protection Agency (EPA)-rated range of 88 mi (142 km), the longest among its class, although considerably less than the Tesla Roadster and Tesla Model S.[9] The electric car was released in March 2012,[10] and initially was available only in California.[11][12] After low initial sales of the Coda Car, Coda Automotive terminated 15% of its workforce,[13] and entered a period of financial difficulty.[14][15] By May 2013, Coda was seeking bankruptcy protection.[16] In 2014, the owner of Mullen Motor Cars decided to include the bankrupt Code Automotive in the structure of this company, thus creating a new enterprise for the production of electric vehicles called Mullen Technologies.[17] By May 2016, Exergonix, Inc. acquired all remaining assets of the company.[3]

  1. ^ a b c d CODA Holdings Celebrates Global Headquarters Grand Opening Ceremonies with California Governor Jerry, PRNewswire, 2011-11-10, retrieved 2011-11-17
  2. ^ a b "#95 CODA Holdings". Forbes. 2011-11-30.
  3. ^ a b Wesoff, Eric (2016-05-17). "Is the Third Time a Charm for Coda's Energy Storage Business?". Greentech Media. Massachusetts, United States.
  4. ^ Lienert, Paul (2009-06-04). "China-Made Hafei Saibao Heads to U.S. - Rebadged as Coda Sedan". Edmunds.com, Inc. Retrieved 2012-07-13.
  5. ^ Abuelsamid, Sam (2009-06-03). "Miles EV launches Coda Automotive for full speed electric sedan". AOL Inc. Retrieved 2012-07-13.
  6. ^ "CODA Automotive The All-Electric Car Company". CODA Automotive. Retrieved 2011-11-19.[dead YouTube link][dead YouTube link]
  7. ^ Chris Woodyard (2010-05-25). "CODA to build big plant in Ohio – if grants come through". USA Today. Retrieved 2010-06-23.
  8. ^ About CODA Energy
  9. ^ U.S. Department of Energy and U.S. Environmental Protection Agency (2012-03-09). "2011–12 Electric Vehicles - 2012 Coda". Fueleconomy.gov. Retrieved 2012-03-11.
  10. ^ Cite error: The named reference Launch0212 was invoked but never defined (see the help page).
  11. ^ Brad Berman (2011-04-25). "First Coda Electric Car Deliveries Now "Late Fourth Quarter" 2011". PluginCars.com. Retrieved 2011-04-27.
  12. ^ "L.A. auto show: Coda pushes EV launch back to second half of 2011". Autoweek. Archived from the original on 2012-03-23. Retrieved 2010-11-18.
  13. ^ Coda Automotive undergoes "massive layoffs"
  14. ^ "Low Battery: Coda On Last Leg, Future Unknown". 2013-03-05. Archived from the original on 2016-03-05. Retrieved 2013-04-14.
  15. ^ Coda Furloughs Workers in New Wave of Cost Cuts
  16. ^ "Electric Car Maker Files for Bankruptcy Protection". The New York Times. 2013-05-01. Retrieved 2013-05-01.
  17. ^ Mullen - About us