Miles Electric Vehicles files for bankruptcy

Miles Electric Vehicles was founded in 2004 by entrepreneur Miles Rubin and was one of the first U.S. companies to import small, battery-powered electric cars from China. It has focused mainly on low-speed vehicles -- electric cars limited to speeds of 25 miles per hour and intended mainly for off-road use by universities and park services.

Miles Electric Vehicles are seeking to have their cases jointly administered with those of parent Coda Holdings and its affiliates, including Coda Automotive, which filed for bankruptcy on May 1.

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