Coda Holdings on Tuesday said it has signed a contract with China’s Great Wall Motors Company to co-develop an all-electric cars and light trucks for worldwide distribution.
The Los Angeles developer of all-electric vehicles and advanced battery systems, initially signed a letter of intent to supply its advanced battery and drive train to Baoding vehicle manufacturer. The new contract formalizes and expands that partnership.
Coda sold its first U.S.-made car in February.
“This marks the launch of our partnership with Great Wall Motors that will enable us to bring EVs to global markets in a very efficient and cost effective manner,” said Chief Executive Phil Murtaugh in a statement. “We’re excited to work with Great Wall Motors to develop the second product in Coda’s portfolio, to bring another solution to a global problem and together make high-quality clean technology accessible.”