Coda In Talks On Downtown LA Assembly Plant
LOS ANGELES - Coda Automotive, a Santa Monica-based electric car company, is in advanced talks with the Community Redevelopment Agency to develop a battery assembly factory on a 20-acre plot on the edge of Downtown.
The CRA has been angling to bring an environmentally friendly technology company to its so-called Cleantech Manufacturing Center site since September 2008. AnsaldoBreda, an Italian rail car manufacturer, had been slated to develop the plot south of Downtown before it pulled out of a deal at the last minute last year.
This Thursday, the CRA board is scheduled to consider entering into an exclusive negotiating agreement with Coda. The proposed agreement, which CRA officials would not comment on, would concern plans to develop a plant for the assembly of lithium-ion battery packs used in Coda vehicles.
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