The Coda sedan is fully-equipped for comfort, convenience and safety. 'The completion of a long-term supply agreement is an important milestone in the commercialization of our proprietary technology, and will allow future owners of an all-electric Coda sedan to experience the exhilarating performance of electric propulsion while lowering their operating and ownership costs.' Rankin, President and Chief Executive Officer of UQM Technologies, Inc. 'We are pleased to have Coda Automotive as a production customer and are looking forward to a rapid expansion of our manufacturing capacity to meet the volume requirements for this exciting vehicle launch,' said William G. The UQM®PowerPhase® 100 electric propulsion system delivers 100 kilowatts (134 horsepower) of peak power, 300 newton meters (221 pound feet) of peak torque and a peak system efficiency of 94%, all in a small 280 millimeter (11 inch) diameter by 252 millimeter (10 inch) long package. The Group has over 575,000 square meters of production facilities, 11,000 employees and annual production capacity of 400,000 automobiles and 550,000 automobile engines. Hafei is one of the premier production and R&D companies in China for automobiles and automobile engines.

('Hafei'), headquartered in Harbin, China. The Coda electric sedan will be fully built and tested, including the UQM® power-train and Lishen-Coda battery system, on an existing large-scale assembly line operated by Coda's manufacturing and assembly partner, HaFei Automobile Industry Group Co. Lishen is one of the world's largest manufacturers of lithium-ion cells and a key supplier to Apple, Motorola, Samsung and Vodafone, among others. The battery system will be supplied by a joint venture between Coda Automotive and Tianjin Lishen Battery Co. The onboard charger plugs into a 110V or a 220V outlet and can charge for a 40-mile commute in approximately two hours (full charge in less than six hours at 220V). Powered by a 33.8 kWh lithium-ion battery with a real-world range of 90 to 120 miles depending on individual driving habits, the Coda sedan travels far enough between charges to satisfy 94% of daily driving routines. The Coda sedan is expected to carry a 5-star crash worthiness rating and sell for $45,000 (mid-$30,000s after a $7,500 Federal tax credit). The Coda electric sedan was developed by Coda's internal team of engineers working with multiple external engineering partners, including Porsche Engineering.

The agreement provides for the purchase of 20,000 propulsion systems over the initial two-year period following the launch of volume production. Initial shipments under the agreement are expected to begin later this calendar year and ramp up prior to scheduled deliveries of the Coda 4-door, 5-passenger, all-electric sedan in the California market in mid-2010. (NYSE Amex: UQM), a developer of alternative energy technologies, announced today that it has completed an agreement with Coda Automotive, a California-based electric car and battery company, to supply UQM®PowerPhase® 100 electric propulsion systems to Coda Automotive for a period of ten years.

Production of 20,000 Units Slated to Ramp-up Prior to Scheduled Deliveries of the All-electric Sedan in Mid-2010įREDERICK, Colo.-(BUSINESS WIRE)-UQM TECHNOLOGIES, INC. UQM Technologies Announces Agreement with Coda Automotive to Supply Electric Vehicle Propulsion Systems

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