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Strategic partner besides the Chinese supplier of the car body? Perhaps a Chinese battery manufacturer then.Miles Electric Vehicles will show off its slightly delayed all-purpose electric car on June 3 in Santa Monica.
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The company's car will cost around $45,000, go for 100 miles on a charge and start coming out in early 2010, marketing director Kara Saltness told us in late April. The car is based in part around a gas car already on sale in China. By leveraging the work done in China, Miles hopes to be able to keep the price somewhat low and squeeze through safety testing in less time than it might take a car completely built from scratch.
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Miles also isn't going it alone. It will announce a strategic partner soon.
Greentech Media
Strategic partner besides the Chinese supplier of the car body? Perhaps a Chinese battery manufacturer then.
$45,000 before incentives". That's about $10,000 less than the model S.
So they gave up majority ownership to this Chinese battery manufacturer.Miles is also entering a joint venture with Chinese battery maker Tianjin Lishen Battery. Tianjian will own 60% of the company, Miles will own 40%.
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Even with the large U.S.-based automakers struggling, companies like General Motors could end up helping out companies like Coda with that image problem of Chinese cars having safety issues. As the Associated Press noted recently, GM’s move to export more China-built cars to the U.S. market – more than 51,000 vehicles in 2014, up from the 17,335 vehicles planned for export in 2011 — could open doors to the global market for China’s domestic automakers, such as Chery and BYD Auto. And it could do the same for Coda.
But Coda is also being undercut by those Chinese automakers. BYD is aiming to launch a plug-in hybrid vehicle with a sticker price of just $16,000, just over a third of the cost of the all-electric Coda sedan — which at this point is slated to go for the same price as GM’s plug-in hybrid Chevy Volt. So Coda hasn’t mapped out a sure route to success on the mass market yet, but it may be a sign of where the industry’s heading.