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Coda to sell China-made electric car in US in 2011

by Staff Writers
Beijing (AFP) March 3, 2011
US electric car maker Coda Holdings will make its first all-electric sedan in China and start selling it in the United States in the second half of this year, a report said Thursday.

The firm is also in talks with its main Chinese manufacturing partner Hafei Motor about selling electric cars in China, the world's biggest auto market, the Wall Street Journal said, citing Coda chief executive Philip Murtaugh.

The California-based company, which also has a joint venture with Tianjin Lishen Battery Joint-Stock Co, expects to sell 10,000-14,000 sedans in the first 12 months after its launch in the United States, the newspaper said.

Coda's sedan is aimed at the middle of the market with a suggested retail price of $44,900, the report said.

It will face competition in the green car market from larger rivals General Motors and Nissan Motor, which have already launched electric vehicles in the US market.

Murtaugh, who joined Coda in January, said he hoped to work with Hafei to launch a Coda-based vehicle in China.

"Before I got here, there wasn't a whole lot of attention paid to China within Coda, in terms of domestic sales," Murtaugh, a former GM China chairman, was quoted saying.

"The first question I asked was, why aren't we selling this in China. So we're working on it."

earlier related report
Estonia plans nationwide electric car charging network
Tallinn (AFP) March 3, 2011 - Estonia announced Thursday that it would sell 10 million carbon credits to Japan's Mitsubishi Corporation and use the proceeds to set up a nationwide network of charge-points for electric cars.

Prime Minister Andrus Ansip said that the government had approved the sale of the unused credits -- tradeable allowances granted by Brussels to European Union members in a drive to limit greenhouse gas emissions by industry.

"Under a Green Investment Scheme, the proceeds will be invested into the establishment of a country-wide charging infrastructure for electric vehicles," Ansip told reporters.

Around 500 Mitsubishi i-MiEV electric cars are to be provided to local authorities for use by social workers. A grant scheme is also to be set up to support the purchase of electric vehicles by private individuals.

"We hope that around 1,000 electric cars will be on our streets by the end of 2012," Ansip added. That figure includes the 500 allocated to local authorities.

Estonia -- a former Soviet-ruled nation of 1.3 million which joined the EU in 2004 -- holds a general election on Sunday.

The centre-right Ansip rejected suggestions that he had made the announcement Thursday in a drive to get the environmentalist vote.

"Talks have been ongoing for a long time and it is pure coincidence," he insisted.

The plan involves setting up some 250 points able to charge an electric vehicle's battery to up to 80 percent capacity within 30 minutes. They are to be located in major cities and along main highways.

"This is a very innovative project. The future will show whether and when electric cars will be in mass use, but this will help us to increase rapidly the number of electric cars in Estonia and to save energy," Economy Minister Juhan Parts told reporters.







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Vinci hopes to begin building Moscow highway in 2011
Paris (AFP) March 2, 2011
French road construction company Vinci said Wednesday that it hoped to conclude a definitive contract and begin building this year the first section of a highway linking Moscow and Saint Petersburg. "The process is moving again after several months of protests. We hope to conclude the contract and begin work in 2011," said Vinci chief executive Xavier Huillard. The Russian government app ... read more







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