Coda-Great Wall electric car deal

Domestic automaker Great Wall Motors and US company Coda Automotive Inc signed an agreement last month to co-develop an all-electric vehicle that will hit the market in 2014.

The agreement calls for Coda to provide the electric powertrain for the vehicle, with the rest built by Great Wall. The car will be sold in North America under the Coda brand and in China with the Great Wall marque.

The US company previously developed an electric car based on the Hafei model produced by Chinese carmaker Chang'an. The car went on sale in US earlier this year.