Connecticut-based Yardney Technical Products Inc. and California-based Coda Automotive announced today that they have entered into a joint venture, Coda Battery Systems LLC, to design, make and sell automotive grade lithium-ion battery power systems in the U.S. Coda Battery Systems has submitted a proposal under the Recovery Act stimulus grant program to the Department of Energy for funding to build a manufacturing facility in Enfield, Connecticut, that would employ about 600 people. Oddly, not a one of the four people authorized to discuss the announcement was available to answer some key questions, such as “how much money is the joint venture seeking?” and “what will become of the JV if it doesn't receive a grant?” According to a statement issued by the JV, the 600-person workforce would develop a battery that could be used in the four-door, all-electric Coda Automotive sedan ( pictured )
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