Coda Automotive and China’s Great Wall Motors have announced plans to co-develop an affordable electric vehicle that will be the first all-electric vehicle for worldwide distribution. The electric vehicle is intended to be the most affordable EV on the market, and will be designed for markets in North America, China, and Europe.

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“This marks the launch of our partnership with Great Wall Motors that will enable us to bring EVs to global markets in a very efficient and cost effective manner,” said Phil Murtaugh, CEO, CODA Holdings. “We’re excited to work with Great Wall Motors to develop the second product in CODA’s portfolio, to bring another solution to a global problem and together make high-quality clean technology accessible. Ultimately, this will enable drivers worldwide to go electric affordably and support our mission of putting an EV in everyone’s garage.”

Coda Automotive will bring its battery technology and knowledge of the US market to the partnership, while Great Wall Motors will contribute its product portfolio and manufacturing assets. Great Wall Motors is the fastest growing car company in China with a full range of sedans, SUVs, and pickup trucks. Last year, Great Wall Motors sold 500,000 vehicles worldwide. The future electric vehicle will be sub assembled in Great Wall’s manufacturing facilities in Baoding. Final assembly of US destined vehicles will take place in Coda’s facility in the US.

“We’re thrilled to combine the expertise of Great Wall Motors and CODA to create a solution to a global problem together,” said Wei Jianjun, chairman of Great Wall Motors. “We envision a long-term, successful relationship with CODA, creating industry-leading EVs for our generation and beyond.”

Coda’s all-electric sedan just started rolling out of its plant in Benicia, CA. The 2012 Coda sedan has a starting price of $37,250 and a driving range of 88 miles on a single charge.

+ Coda Automotive

+ Great Wall Motors