Coda, a California-based company with operations in China, is said to be using a Chinese partner to produce the $44,900 sedan and provide battery technology for it. An American partner will reportedly supply the drive system.
Coda is said to be looking for about $12,500 in federal and state tax subsidies to bring the cost of the vehicle down.
Lithium-ion battery prices will drop rapidly over the next 10 years, setting the stage for plug-in vehicles to reach 5%-10% of total automotive sales by the mid- to late-2020s, according to a new study.
Advanced driver-assist systems (ADAS) are poised to become a $102 billion market by 2030, but just a sliver of that technology will be applied to cars that can be fully autonomous in all conditions, according to a new study.
Using a headset and a giant ultra-high definition display, Ford Motor Co. last week provided a glimpse of how virtual reality enabled its engineers to collaborate across continents on the design of its new GT supercar.
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