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Bankrupt Electric Car Companies Re-emerge

Two electric car companies that recently went under are re-emerging in different ways, CODA and Better Place.

In May, electric car manufacturer CODA Automotive filed for bankruptcy, and is now returning as an energy storage firm.

The new company, CODA Energy, will design and build scalable energy storage projects that support a smart grid. Energy storage is much less capital-intensive than making cars and demand is rising.

It will be co-managed by Ed Solar, who led CODA’s energy storage division, and Pete Nortman, who led the core technology engineering team
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