UQM Technologies to Supply Coda Automotive with Electric Vehicle Propulsion Systems

July 27, 2009 – Vol.14 No.19

UQM Technologies to Supply Coda Automotive with Electric Vehicle Propulsion Systems.

Under the agreement initial shipments 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. The agreement provides for the purchase of 20,000 propulsion systems over the initial two-year period following the launch of volume production. UQM will supply its PowerPhase(R)100 electric propulsion systems to Coda Automotive for a period of ten years.

The Coda electric sedan was developed by Coda’s internal team of engineers working with multiple external engineering partners, including Porsche Engineering. 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). 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 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). The battery system will be supplied by a joint venture between Coda Automotive and Tianjin Lishen Battery Co. (“Lishen”). 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 Coda electric sedan will be fully built and tested, including the UQM (R) 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. Ltd. (“Hafei”), headquartered in Harbin, China. Hafei is one of the premier production and R&D companies in China for automobiles and automobile engines. 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.

The UQM (R) PowerPhase (R)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.

UQM Technologies, of Frederick, Colorado, is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets.

Coda Automotive, of Santa Monica, California, is a manufacturer and distributor of all-electric cars and transportation battery systems. (7/27/09)

Links:

UQM Technologies
http://www.uqm.com

Coda Automotive
http://www.codaautomotive.com

--- UQM Electric Propulsion System Drives Proterra Ecoride Battery-Electric Transit Bus.

--- UQM Electric Propulsion System Drives RUF Automobile Sports Car.

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: Yes