EV startup Coda Automotive said today it has withdrawn its $334 million loan request from the U.S. Department of Energy after waiting two years for a response.
The electric-car maker, which began delivering its first cars to the U.S. market in March, had hoped to use the money to build an assembly and battery plant in Columbus, Ohio, creating 1,000 to 2,000 jobs, said Forrest Beanum, Coda's senior vice president of government affairs.
The electric-car maker, which began delivering its first cars to the U.S. market in March, had hoped to use the money to build an assembly and battery plant in Columbus, Ohio, creating 1,000 to 2,000 jobs, said Forrest Beanum, Coda's senior vice president of government affairs.
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