The "hits" just keep on coming for the electric vehicle market, but unfortunately not in a good way. Yesterday, Azure Dynamics, a Canadian company that converts large vans to plug-in hybrids and the Ford Transit Connect to full battery electric drive, filed for bankruptcy protection. At the same time, A123 Systems announced a recall of several hundred battery packs, most of which are in Fisker Karmas.
Today we learn that Coda Automotive is abandoning plans for a battery factory in Columbus, OH. I spoke with Coda in 2009 about its electric car plans http://greenfuelsforecast.com/ArticleDetails.php?articleID=715
Like Bright Automotive, Coda's plans got derailed by the lack of approvals for its application for a loan from the DoE's advanced technology vehicle manufacturing program. For the time being, Coda will continue to get batteries from its supplier in China.
#electricvehicles #ev #codaautomotive
Coda ditches plan to build car-battery factory in Columbus
Coda Automotive is abandoning plans to build a battery factory in Columbus, a decision that will mean the region will not be in line for more than 1,000 manufacturing jobs that would have been created…
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