Miles Automotive has created a new company, Coda Automotive, for the marketing of their first highway speed all electric vehicle, aptly named Coda. The Chinese manufactured vehicle will have a top speed of 80 mph and a range of 90-120 miles. The four-door sedan will seat five and include amenities like bluetooth and an iPod dock. According to the company’s CEO, Kevin Czinger, a test fleet of 200-300 vehicles will be on the road in June 2010 and vehicles will be available for consumers later in the fall. The vehicles will be priced around $45,000 but that could be reduced to around $35,000 with federal and state tax credits.

The vehicle has been modified from a Mitsubishi designed internal combustion vehicle manufactured for the Chinese market by China-based Hafei and sold under the name Saibao. Coda has partnered with Tianjin Lishen of China to manufacture the vehicle’s lithium ion batteries. Learn more: MSN Autos