CODA CEO on EV Markets in China, USA
Shanghai - CODA Automotive, a privately held company stationed in South California, has made impressive strides in the field of electric vehicles. While CODA primarily uses American-made auto parts, such as engines, engine control units and transmissions, it has signed an agreement with Changan's Hafei Automobile to manufacture and assemble some parts. On the floor of last month's North American International Auto Show in Detroit, the Guangzhou Daily held an interview with CODA Holdings CEO Philip F. Murtaugh, who previously held the role of chairman of General Motors China.
Guangzhou Daily: "How is the development of electric vehicles in the Chinese market different from the US market?"
Mr. Murtaugh (pictured): "Due to the relatively good fundamental infrastructure in the US, electric charging posts can be installed in parking garages, whereas in China charging equipment for electric vehicles requires government investment. In the short-term the American electric vehicle market will develop faster, but in the long-term the Chinese market possesses greater prospects and potential."
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