article thumbnail

CODA Automotive Battery Joint Venture Secures $394M of Committed Capital for Expansion

Green Car Congress

The capital will enable the company to rapidly industrialize the all-electric CODA car’s power system for commercial volume production and support its ability to mass manufacture transportation and utility power storage battery systems. To date, CODA has raised in excess of $100 million in capital.

article thumbnail

IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

Green Car Congress

of global and 17% of European reserves. In 2011, public research, development and demonstration (RD&D) expenditures exceeded €9.4 Estonia’s latest technological breakthrough could catalyse a new approach to exploring the vast global reserves of this fossil fuel frequently perceived as a significant pollutant, the IEA article suggests.

Estonia 236
article thumbnail

CODA Holdings raises $76M in Series D initial closing; support for CODA electric vehicle and Li-ion battery JV with Lishen

Green Car Congress

The funding will be used to prepare for start of production of the battery-electric CODA Sedan ( earlier post ), and to support the company’s 2011 sales and marketing efforts.

Li-ion 218
article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 billion set in 2011. The 103GW of capacity added by new renewable energy sources last year compares to 86GW in 2013, 89GW in 2012 and 81GW in 2011 and made 2014 the best year ever for newly installed capacity.

2014 150
article thumbnail

Coda to bring electric vehicles to California

Green Cars News

The hope for Coda Automotive is to sell 2,700 units in 2010 with production capacity reaching 20,000 units in 2011. In addition, the company has announced the establishment of a global joint venture with Lishen to design, manufacture and sell transportation and utility power storage battery systems.

article thumbnail

Coda Automotive to Bring China-Built Electric Mid-size Sedan to California Market in 2010; New JV with Lishen for Automotive Li-ion Systems

Green Car Congress

Ltd., ( Lishen ) for lithium-ion batteries used in the Coda, announced the establishment of a global joint venture with Lishen to design, manufacture and sell transportation and utility power storage battery systems. Production capacity will reach 20,000 units in 2011, gated by the production capacity of the battery plant.

Li-ion 150