Electric Vehicle Suppliers Team For CODA Powertrain

Two suppliers for the vehicle market, UQM Technologies and BorgWarner, announced today that they have teamed up to develop electric powertrains for Santa Monica-based CODA Automotive's upcoming, electric five-passenger sedan. UQM--based out of Colorado--and BorgWarner--based in Michigan--said they will integrate UQM's electric propulsion systems with transmissions from BorgWarner, as part of an effort to supply CODA. CODA said it will be shipping its sedan in mid-2010 here in the California market. BorgWarner develops vehicle powertrains for companies such as VW/Audi, Ford, Toyota, Nissam, GM, and others; UQM develops electric motors and generators for the automotive, aerospace, military and industrial markets. CODA is venture backed by the Angeleno Group; Henry M. Paulson, the former U.S. Secretary of the Treasury; and others.