Coda Automotive
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| Private | |
| Industry | Automotive, Battery |
| Founded | 2009 |
| Headquarters | Los Angeles, California |
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Key people
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Philip Murtaugh (CEO), Ashoka Achuthan (CFO), Steven "Mac" Heller (Executive Chairman) |
| Products | Coda Car lithium-iron batteries |
| Parent | CODA Holdings |
| Website |
CODA Automotive CODA Energy |
CODA Automotive Inc. is a privately held American company headquartered in Los Angeles, California, that designs, semi manufactures lithium-iron phosphate (LiFePO4) battery systems built for automotive and power storage utility applications. The company initially sold electric cars.Miles Automotive partnered with Hafei and Qingyuan Electric Vehicle to establish Coda Automotive as an affiliate company. The name CODA comes from the musical term for the concluding passage of a piece of music. CODA Automotive has said that it chose the name because its electric vehicle technology represents an end for combustion engine vehicles, and the start of the electric vehicle era.
In June 2009, CODA announced the creation and funding of LIO Energy Systems, a global joint-venture with Lishen Power Battery. LIO Energy Systems was formed with the purpose of designing, manufacturing, and selling battery systems for electric vehicles and utility applications. LIO Energy Systems will supply battery systems to CODA Automotive for use in the all-electric CODA, to other automotive OEMs globally, and to renewable energy producers, utilities and other power storage customers. LIO Energy Systems was later renamed CODA Energy.
CODA’s sole vehicle offering was the Coda all-electric sedan, a four-door, five passenger electric car powered by a battery pack that delivered a United States Environmental Protection Agency rated range of 88 mi (142 km), the longest among its class, although considerably less than the Tesla Roadster and Tesla Model S. The electric car was released in March 2012, and initially was available only in California. After low initial sales of the Coda Car, Coda Automotive terminated 15% of its workforce, and entered a period of financial difficulty. As of May 2013, Coda was seeking bankruptcy protection. By May 2016, Exergonix, Inc. acquired all assets of the company.
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