Coda is considering several sites within Ohio for the facility, which could employ more than 1,000 manufacturing workers initially.
Construction of the facility is subject to finalization of incentive package with the state of Ohio and the approval of an application for a Department of Energy (DOE) Advanced Technology Vehicles Manufacturing Loan (ATVM) to be submitted soon.
Lio Energy Systems, a joint venture between Coda and Lishen Power Battery, will operate the facility.
The proposed facility would be modeled on Lio Energy Systems’ one-million square foot facility in Tianjin, China, which has a production capacity of more than 20,000 battery packs per year. Coda will be the majority and control shareholder of the US venture.
Sherrod Brown, senator of Ohio, said: “Coda’s decision to open a facility in our state means that Ohio workers will help manufacture the cars of the 21st century.
”Ohio is quickly becoming a national leader in clean energy component manufacturing for the auto industry. In Ohio, Coda will find a rich manufacturing heritage, skilled workforce and entrepreneurial spirit.”
Steven Heller, co-chairman of Coda, said: “In addition to reducing our dependence on oil, the electrification movement will reconnect American innovation with manufacturing.
”We are hopeful that the federal government will recognize the potential this facility has with respect to strengthening the Ohio economy and ushering-in a new era of electric transportation that will create millions of sustainable jobs nationwide.”
