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California drivers bid farewell to the gas pump and enthusiastically picked up the keys to their all-electric CODAs from their local CODA dealers today. CODA Automotive executives and dealer representatives celebrated the first three sales of the all-electric 2012 CODA five passenger sedans across the state.
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“Watching our dealers deliver the first vehicles to customers is an incredibly fulfilling milestone,” said Phil Murtaugh, CODA Holdings CEO. “All three customers share our conviction that advances in technology can help solve the energy challenges that have weighed down our economy and our environment for decades, and we’re thrilled to have them help bring us one step closer to fulfilling our founding vision.”
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CODA Holdings, a California based leading developer of advanced Lithium-ion power battery systems for its all-electric CODA sedan, EV powertrain and stationary energy storage applications, today announced that it has entered into a Letter of Intent to develop electric vehicles with China’s Great Wall Motor Company Limited, using Great Wall models, for distribution worldwide.
“CODA is thrilled to be partnering to electrify Great Wall vehicles,” said Phil Murtaugh, CEO of CODA Holdings. “With an extensive line of vehicles, and the leading Chinese manufacturer selling in volume in the European Union as well as more than 120 countries globally, our collaboration will enable us to provide our respective customers with a broad selection of high-performing and affordable electric vehicles globally.”
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 Kevin Czinger
CODA Automotive Press Release
KEVIN CZINGER, PRESIDENT & CEO
Growing up with two older brothers who were local legends as street racers on the west side of Cleveland, Kevin developed a life-long love of automobiles at an early age. Working with his brothers in their backyard shop, he learned about autos from the ground up and dreamed about building cool cars.
Since then, Kevin has been a car mechanic, a Yalie (where he played football and earned a Law Degree), a teacher and an executive, but most of all he’s been a leader. With a balance of pragmatism and ingenuity in the face of adversity, he believes in building, coaching and motivating highly driven individuals to accomplish the unachievable.
With extensive operating experience in companies such as Goldman Sachs and Bertelsmann AG, and a track record of performance in start-up and emerging growth companies like Webvan Group and Global Signal, Kevin has proven that he’s got the knowledge base and tenacity to bring an all-electric car to market. His role at CODA Automotive as the President and CEO realizes his childhood dream and amalgamates his passions: cars, technology, global connectivity, learning and nature.
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CODA Automotive Press Release
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At its core, CODA Automotive is less about cars, and more about a cause.
President and CEO Kevin Czinger’s vision is for CODA Automotive’s forward-thinking, all-electric car to help reduce dependence on foreign oil and lead the way to a much cleaner future. And he’s not alone. Supported by a passionate group of innovators, engineers, marketers and industrial experts, we at CODA Automotive are determined to bring our vision of responsible, eco-friendly transportation to fruition and create a livable future for generations to come. As Kevin explains, “I would not do this, and my family would not allow me to do this, if we didn’t think it had a greater purpose.”
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Short video released by CODA Automotive to introduce the CODA Sedan.
SANTA MONICA, Calif., May 25 /PRNewswire/ — CODA, a California-based electric car and battery company, announced today its plans to build an automotive-grade lithium ion battery system manufacturing facility in Ohio. CODA is considering several sites within Ohio for the facility, which could employ more than 1,000 skilled manufacturing workers initially. Construction of the facility is contingent upon finalizing an incentive package with the state of Ohio and the approval of an application for a Department of Energy (DOE) Advanced Technology Vehicles Manufacturing Loan (ATVM) to be submitted soon.
“CODA’s decision to open a facility in our state means that Ohio workers will help manufacture the cars of the 21st century,” said Senator Sherrod Brown of Ohio. “Ohio is quickly becoming a national leader in clean energy component manufacturing for the auto industry. In Ohio, CODA will find a rich manufacturing heritage, skilled workforce and entrepreneurial spirit.”
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SANTA MONICA, Calif., May 21 /PRNewswire/ — CODA, a California-based battery system and electric car company, will host U.S. Secretary of Commerce Gary Locke today at the site of the battery manufacturing facility operated by its affiliate, Lio Energy Systems, in Tianjin, China. According to the administration, the scheduled visit is part of the Obama administration’s first cabinet-level trade mission. Discussions will focus on U.S.-China cooperation with respect to the development and manufacturing of clean energy technology, in this instance, battery systems for transportation and utility applications. U.S. representatives of CODA’s supply chain, including Nexteer Automotive and BorgWarner, will attend. Production of CODA’s all-electric sedan, slated for delivery in the fourth quarter of this year, will help preserve and create thousands of jobs in California, Wisconsin, Michigan, Illinois, Ohio, North Carolina , Florida and Colorado.
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SANTA MONICA, Calif., May 19 /PRNewswire/ — CODA, a California-based designer and manufacturer of battery systems and electric cars, announced today the close of a $58 million Series C investment round, increasing total invested capital to more than $125 million. The round, initially capped at $50 million, was increased to accommodate strong investor demand. Aeris CAPITAL, a private Swiss investment office, led the round, with participation from new investors EDB Investments (EDBI), a leading investment firm headquartered in Singapore; Countyline LLC, an investment entity owned by Tony Pritzker and J.B. Pritzker; and Les Wexner, Chairman and CEO of Limited Brands. Existing investors Thomas F. Steyer, Mac Heller, Miles Rubin, John Bryson and Angeleno Group also participated.
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SANTA MONICA, Calif., May 13 /PRNewswire/ — CODA Automotive, a California-based all-electric car and battery company, hired David Funston as Vice President, Fleet and Commercial Sales. Funston is charged with marketing the all-electric CODA sedan to commercial fleet customers including institutions, corporations and municipalities.
“The CODA sedan is a practical and affordable option for commercial fleet managers interested in reducing and stabilizing fixed energy costs while improving the carbon footprint of their organizations,” said Kevin Czinger, President and CEO, CODA Automotive. “We are confident that David’s extensive network and industry knowledge will help CODA to significantly impact this important market.”
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