Coda Automotive to launch all-electric vehicle in the fourth quarter

As Coda Automotive prepares to launch its all-electric, China-built sedan in California in the fourth quarter of 2010, the Santa Monica company said it is focused on safety.

“We’ve worked to make it a safe car so [that], above all, families can use it,” said Dan Mosher, Coda’s chief financial officer at the Cleantech Forum in San Francisco. “We are working to achieve the highest safety standards so that we can get a five-star crash rating. We’ll have a passenger-side occupant detection airbag, which is the most advanced 2011 model safety standard.”

In recent months, Coda has finalized the sedan’s engineering, settled on component suppliers and announced a joint venture with leading Chinese battery manufacturer Lishen. Last week, it also revealed that it had raised an additional $5 million.

Still on its to do list: meet the government’s safety requirements.

Full Story: Coda Automotive to launch all-electric vehicle in the fourth quarter | Technology | Los Angeles Times.

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