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

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CODA Holdings, a developer of Lithium-ion battery systems and all-electric vehicles, announced the initial closing of a Series D preferred investment round totaling $76 million, bringing the company's total invested capital to more than $200 million. billion Ah of energy storage (4.4 million kWh) of energy storage. million kWh).

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Toshiba to Build a Second Li-ion SCiB Production Facility in Japan; Initial Cells and Modules for EVs

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In spring 2011, the plant will start to produce SCiB cells and modules for application in battery-powered electric vehicles (EV). Construction is scheduled to start in April 2010, with a completion date of October 2010. The company aims to achieve net sales of ¥200 billion (US$2.2 billion) from the SCiB business by fiscal year 2015.

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

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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.

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