Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

CODA Automotive Launches All-Electric Sedan

September 23, 2010

CODA Automotive, a California-based, American-engineered electric car and battery company, is now accepting deposits for the CODA, a 100 percent electric, four-door, five-passenger sedan.

Drivers can reserve the all-electric CODA Sedan with a fully refundable $499 deposit at www.codaautomotive.com.

The CODA sedan is capable of up to 120 miles of dependable, all-season range, and is available for $37,400, after federal tax savings up to $7,500. The car will qualify for additional California state incentives, including up to a $5,000 tax rebate as available through the state's Clean Vehicle Rebate Project, and HOV access through 2015.

CODA Automotive also plans to begin selling vehicles in Hawaii in the third quarter of 2011, where the car will be eligible for a $4,500 tax rebate offered in the state. CODA is finalizing the details of a program that is expected to offer consumers competitive leasing and financing options.

"We are excited to begin offering our friends and neighbors a vehicle that meets their day-to-day driving needs, reduces their ownership costs and satisfies their desire to be better stewards of the environment," said Kevin Czinger, president and CEO, CODA Automotive. "From putting clean, emissions-free miles on our highways, to supporting thousands of new jobs nationwide, our current partners and future customers are uniquely positioned to be a signature catalyst in the electrification movement."

CODA's Direct-To-Consumer Sales Experience

CODA also announced that it plans to open two flagship retail and educations centers in Santa Monica and the San Francisco Bay Area, with additional satellite stores located in high-traffic shopping centers throughout the state. The locations will focus on consumer education and test drives while a direct-to-consumer delivery model will eliminate the additional costs associated with a more standard dealer model.

A CODA "valet" service will be available to all CODA owners providing an effortless ownership experience by acting as the primary point-of-contact for questions or service needs for every original CODA electric car owner. In the event service is required, a CODA Valet will interact directly with authorized service providers and CODA-trained technicians so CODA owners don't have to.  

CODA is establishing six geographically targeted, CODA-operated service centers to perform necessary warranty and battery system repairs while scheduled maintenance may be performed at more than 20 select Firestone Complete Auto Care locations in California.

In addition, every CODA vehicle will come standard with 24/7 CODA roadside assistance and a call-center concierge service facilitated by a team of trained experts equipped to perform remote diagnostic evaluations, schedule service appointments and mobilize emergency services in the event of an accident. In addition, CODA owners will receive a courtesy loan vehicle provided by Enterprise Rent-A-Car during warranty repairs or scheduled maintenance appointments.  

CODA Sedan's All-Electric System

Powered by a 33.8 kWh, 333V Lithium-ion (iron phosphate) electric car battery system, the CODA Sedan will achieve a minimum range of 90-120 miles per charge dependably, in real world driving and in any season. The CODA features an advanced active thermal management system that keeps the battery system at an ideal operating temperature at all times - even when the vehicle is parked. The electric vehicle will be backed by a three-year/36,000 mile limited warranty and a limited battery warranty of eight-years/100,000 miles.

The CODA features a 6.6 kW onboard charger, the largest in its class, helping to facilitate a complete charge in about six hours from a 220V charger. Charging for a 40-mile commute can take as little as two hours. Based on average nighttime (off-peak) electricity rates in the U.S., the anticipated cost to fully charge the CODA Sedan is under $3. CODA will provide its customers with a home inspection and the equipment needed to ensure the appropriate in-home charging infrastructure is available and installed prior to delivery.

Every CODA Sedan will come equipped with standard active and passive safety systems, including six advanced airbags with an occupant detection system, anti-lock braking system (ABS) and electronic stability control (ESC).

"The CODA is designed to meet the day-to-day driving needs of the majority of American commuters and families ready to leave the gas station in the rear-view mirror," said Mike Jackson, svp global sales, marketing and distribution for CODA Automotive. "With a new technology introduction in the automotive category, dependability, quality and safety are key. These attributes have been our focus since day one."

Additional standard features of the CODA Sedan include:

  • Satellite-Ready AM/FM/XM radio
  • MP3, iPod, iPhone and USB connectivity
  • 8-inch color touch-screen
  • Turn-by-turn navigation with available real-time weather and traffic updates
  • GreenScreen system that monitors driving efficiency
  • One-touch roadside assistance and accident notification system
  • Bluetooth hands-free phone system
  • Power windows, door-locks and mirrors
  • 17-inch forged aluminum-alloy wheels
  • More than 14 cubic feet of trunk space
  • Interior upholstery featuring environmentally friendly materials

A complete listing of features and technical specifications is available at www.codaautomotive.com

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