Commerce secretary to visit battery plant in China
Coda, a California-based battery system and electric car company, will host U.S. Secretary of Commerce Gary Locke today at the site of the battery manufacturing facility operated by its affiliate, Lio Energy Systems, in Tianjin, China.
Secretary of Commerce Gary Locke today will visit Coda's battery manufacturing facility operated by affiliate Lio Energy Systems, in Tianjin, China, to discuss U.S.-China cooperation with respect to the development and manufacturing of clean energy technology and transportation.
The visit is part of the Obama administration's first cabinet-level trade mission. Coda, a California-based battery system and electric car company, will be joined by Nexteer Automotive and BorgWarner.
"International green technology partnerships can produce rapid job growth back home and deliver energy solutions abroad, and Coda's venture proves it," Locke said. "Together, Coda and Lishen have created a battery system with the potential to power a new generation of cars creating sustainable manufacturing industries that ultimately reduce our dependence on oil."
Lio Energy Systems' 1-million-square-foot facility in Tianjin has the capacity to produce more than 20,000 battery packs per year. Coda plans to replicate the facility in the U.S., a move which could create more than 1,000 skilled manufacturing jobs.
"Strategic, global alliances are the key to accelerating the adoption of clean energy and transportation technology that will improve the health of the environment while creating new industries and sustainable jobs," said Kevin Czinger, Coda's president and CEO.
Coda's all-electric sedan is slated for delivery in the fourth quarter of this year.