An (Almost) Affordable Electric Car
It's an article about Coda Automotive - a startup led by Kevin Czinger.
Coda’s impressive array of backers includes Hank Paulson, the former treasury secretary and CEO of Goldman Sachs; Thomas “Mack” McLarty, Bill Clinton’s former chief of staff, whose family owns auto dealerships; John Bryson, the former CEO of Edison International; and Tom Steyer, the well-respected founder of Farallon Capital Management....Standing in the way of his goal is the problem confronting everyone in the electric car business: How to make a powerful battery at a price that won’t put the car out of the reach of most buyers. That, Czinger says, has been the focus of Coda. “All of our R&D and all of our capital expenditures went into the battery system,” he says. “We finally have the chemistry we need.” Coda developed the battery and owns the intellectual property.