US startup to build fully electric cars in China

California-based electric car startup CODA announced plans Wednesday to produce a fully electric sedan in China for sale in the US, Reuters reported. The car – which CODA wants bring to the US in the fall of 2010 – will have a range of 90-100 miles on a single charge, the company claimed. In order to build the car and faciliate manufacturing and marketing, CODA will set up partnerships with several other companies, including a joint venture with Tianjin-based Linshen Battery. CODA is also lining up agreements with an unnamed OEM manufacturer in Europe and a "major" automotive assembly plant in China to design and build the vehicle chassis. The company plans to build a battery-manufacturing plant in the US if its application to receive subsidies from the US Department of Energy is successful. The base price for the sedan will be US$45,000, but if combined with federal and state subsidies for fuel-efficient car purchases, the ultimate sticker price should be around US$30,000.