Plans for new battery plant in Ohio

interns Contributor

Coda Automotive, a California-based electric car company with plans to introduce a sedan late this year, said Tuesday it would build a lithium-ion battery plant in Ohio if it could gain approval of an as-yet unsubmitted Energy Department loan. That’s a big if.

Coda, which last year ended a similar bid for a battery plant in Connecticut after $38 million in federal funding fell through, may have a better chance this time. Last weekend, the Commerce secretary, Gary Locke, toured Coda’s joint-venture battery plant in Tianjin, China, commenting, “International green technology partnerships can produce rapid job growth back home and deliver energy solutions abroad, and Coda’s venture proves it.”

Full story: Coda Makes Plans for Battery Plant in Ohio, Pending Federal Loan Approval – Wheels Blog – NYTimes.com