Electric carmaker Coda's battery JV raises capital

Newswire

SAN FRANCISCO, March 30 (Reuters) - California electric start-up Coda Automotive said on Tuesday that its battery joint venture has secured $394 million in equity capital and loan commitments, and is looking at setting up a U.S. battery facility. Coda said that it, together with its Chinese joint venture partner Lishen Power Battery, has added $100 million in equity capital and has secured a line of credit for $294 million from Bank of Tianjin Joint-Stock Co, a Chinese bank. The ...

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