Coda Holdings of Los Angeles, developer of the Coda battery-electric sedan, has signed a letter of intent with Chinese automaker Great Wall Motor to jointly develop electric vehicles. Coda electric-vehicle technologies including lithium-iron-phosphate batteries will be incorporated into Great Wall models for distribution globally. According to Coda, Great Wall is China's most profitable and fastest-growing automaker. Its models are sold in more than 120 countries, with "volume" sales in Europe. Coda is developing a battery-electric sedan with a 36-kWh battery pack and 100-kW motor that delivers 221 lb·ft (300 N·m).