- Founded 2009
- Californian Electric Car Company
- Cars only Available in California
- Owned By Exergonix Inc
- Started Retail 2012
Coda Automotive was an American company that specialized in the production of electric cars. Founded in 2009, Coda focused on creating electric vehicles (EVs) and energy storage solutions, aiming to reduce dependence on fossil fuels and decrease greenhouse gas emissions. The company was headquartered in Los Angeles, California.
Key aspects of Coda Automotive include:
Coda Sedan: Coda's primary product was the Coda Sedan, an all-electric car launched in 2012. The sedan was designed to be a practical, five-passenger, all-electric vehicle suitable for everyday use. It featured a lithium-ion phosphate battery pack and was marketed for its range, which was competitive with other EVs available at the time.
Technology and Performance: The Coda Sedan was praised for its efficient electric powertrain and relatively long driving range per charge. The company focused on technology that would provide a reliable and efficient electric vehicle experience, including advanced battery management systems.
Business Challenges: Despite the promising technology, Coda Automotive faced significant business challenges. These included delays in the production of the Coda Sedan, higher than expected retail prices, and competition from other emerging electric vehicle manufacturers.
Bankruptcy and Aftermath: In 2013, Coda Automotive filed for bankruptcy, primarily due to slow sales of its sedan and the high costs associated with car manufacturing. The bankruptcy marked a significant setback in the early market for consumer electric vehicles.
Legacy in EV Development: Despite its short lifespan and eventual bankruptcy, Coda Automotive contributed to the development of the electric vehicle market. The company was part of the initial wave of firms that sought to bring fully electric vehicles to the mass market, paving the way for later successes in the industry.
After its bankruptcy, the remains of Coda's battery division were reorganized into a new company focusing on energy storage solutions, separate from vehicle manufacturing. Coda's journey is reflective of the challenges faced by early entrants into the electric vehicle market, a sector that requires significant capital and faces intense competition.
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