CODA Holdings and Great Wall Motors have partnered to jointly develop, build and sell the electric vehicles (EVs) for the North American, Chinese and European auto markets.
The new EVs, which will be a mix of CODA's battery technology and based on an existing Great Wall vehicle, will be introduced in the US market by mid-2014.
CODA Holdings CEO Phil Murtaugh said the company is happy to work with Great Wall Motors to develop the second product in its portfolio, to bring another solution to a global problem and together make high-quality clean technology accessible.
"Ultimately, this will enable drivers worldwide to go electric affordably and support our mission of putting an EV in everyone's garage," Murtaugh said.
Employees from both the companies will develop the new EVs in their research facilities in Los Angeles, US and Baoding, China.
The vehicles will be sub-assembled in Great Wall's manufacturing facilities in Baoding, while the final assembly will be done at Coda's facility in the US.
Great Wall Motors, which makes sedans, SUVs and pick-up trucks, had delivered about 500,000 vehicles in 2011 worldwide.
