Coda Automotive, which plans to offer an affordable electric car manufactured in China, announced today it entered into a joint venture with Yardney Technical Products to create and sell automotive grade, lithium-ion battery power systems in the United States.
Coda and Yardney are hoping to snag some stimulus funds from the DOE to build a plant in Enfield, Conn., which will employ 600 workers.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.