Today, Miles EV announced that the full speed electric car that it has been developing for the last several years will bear the new Coda Automotive brand name. The Coda sedan will be assembled in China by Hafei under the direction of staff from Coda. The new car is based on an existing Hafei chassis that has been heavily re-engineered by Porsche Engineering. The car is powered by a UQM electric motor driving the front wheels with energy storage via a lithium iron phosphate battery pack.
The 34 kWh pack will use cells provided by Chinese battery maker Lishen. The two companies are apparently forming a joint venture for battery manufacturing and hope to eventually produce batteries in the United States. Coda and an unnamed partner have also applied for a DOE loan under the ATVM program to build battery packs in the U.S.
Coda expects real world range to be about 90-120 miles, depending on driving conditions. According to the company, the EV sedan will go on sale in 2010 with factory direct sales at a price of $45,000 before incentives. Following a 200-fleet test in the summer of that year, Coda will be offered to the public starting in the Fall. You can read more about the car itself here.