The California-based battery and electric car company CODA Automotive announced that it has secured a total of $394 million of committed capital through its joint venture with Lishen Power Battery.
The capital consists of $100 million in committed equity capital and a $294 million line of credit from the Chinese Bank of Tianjin.
"This capital strengthens the strategic position of our joint venture and allows us to meet the rising global demand for automotive-grade lithium-ion batter… (read more)