GE Energy Forges OEM EV Charger Agreement with CODA Automotive

LOS ANGELES--()--GE Energy Industrial Solutions (NYSE: GE) has finalized an automotive original equipment manufacturer (OEM) agreement for the sale and distribution of the GE WattStationTM Wall Mount electric vehicle (EV) charging station with CODA Automotive Inc., a leading EV manufacturer.

The GE WattStation Wall Mount, a fast, easy-to-use Level 2 EV charger, significantly decreases the time required to fully charge an electric vehicle compared with a Level 1 charger. The CODA is the first five-passenger, mid-size sedan that delivers the longest range of any all-electric vehicle in its class. The vehicle is equipped with a class-leading 36 kWh battery pack that enables a fully charged CODA to go up to 150 miles, or almost five times the average daily commute.

The new collaboration creates a “one-stop shopping” experience for consumers by creating the opportunity to have the GE WattStation EV charging station and the CODA electric vehicle at the same retail outlets. GE and CODA look forward to working together on additional opportunities such as retail outlet displays, marketing event co-promotions and consumer activities to demonstrate the ease of use and functionality of GE Energy’s entire EV charging product line.

“This milestone is another step in GE’s journey to lead the future of global electrification,” said Luis Ramírez, CEO of GE Energy Industrial Solutions. “As demand for the GE WattStation continues to exceed our expectations, bringing our products closer to the customer will help accelerate the adoption of electric vehicles.”

Phil Murtaugh, CEO of CODA Holdings, said, “We are excited to be the first car company in the United States to be working with GE Energy to support consumers as they enter the EV world. As one of America’s most established, recognized and respected brands, we're thrilled to be able to support CODA customers with a reliable one-stop GE solution as they move into the EV market.”

The zero-emissions CODA sedan features an industry-leading, 10-year, 100,000-mile battery warranty; class-leading range; fun-to-drive handling and a new U.S. base price of $39,900. This relationship helps support the company’s mission of putting an electric vehicle in every garage.

See how EV owners will use the GE WattStation in our video The Comforts of Home (http://www.youtube.com/watch?v=SQgIVOoFtHU) or visit www.geindustrial.com/ev for more information.

For additional details, visit our Twitter pages at @GE_WattStation and @GE_IndSolutions and Facebook page at GE Energy Industrial Solutions.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy—GE Power & Water, GE Energy Management and GE Oil & Gas—work together with more than 100,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.

About CODA

Headquartered in Los Angeles, CODA Holdings is a leading developer of advanced Lithium-ion power battery systems comprised of three key business lines: CODA Automotive, CODA EV Propulsion Systems and CODA Energy. Together with its JV partners, CODA is working to reduce dependence on oil and leading the way to a cleaner future through its electric vehicles and stationary energy storage products. The first consumer product available will be a zero-emission, four-door, five-passenger EV sedan with a full-size trunk that is designed to meet American drivers' daily transportation needs. For more information on the CODA sedan, visit www.codaautomotive.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50076646&lang=en

Contacts

GE Energy Industrial Solutions
Ashley Kusowski, 860-747-7641
ashley.kusowski@ge.com
or
CODA Holdings
Larkin Hill, 310-745-2223
LHill@codaelectric.com

GE Energy Industrial Solutions has finalized its first automotive original equipment manufacturer agreement for the sale and distribution of the GE WattStation(R) Wall Mount electric vehicle (EV) charging station with CODA Automotive, a leading EV manufacturer. (Photo: Business Wire)

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Contacts

GE Energy Industrial Solutions
Ashley Kusowski, 860-747-7641
ashley.kusowski@ge.com
or
CODA Holdings
Larkin Hill, 310-745-2223
LHill@codaelectric.com