Coca-Cola Life is a product of Coca Cola launched in Argentina in June 2013, and in Chile in November of that year. It was created in Argentina after five years of research in the country.
It is the first version of the soft drink to be produced with stevia and sugar as sweeteners. Coca-Cola Life launched in the UK in August of 2014 and has been launched in the USA, Frontier of Mexico and Sweden, since September 2014. 
It is a lower calorie version of Coca-Cola, having 27kcal/100mL, containing 60% of the calories of classic Coke. Coca-Cola Life will co-exist with Diet Coke and Coca-Cola Zero in the Argentine and Chile market.
It can be compared with Pepsi Next, which also uses Stevia as a sweetener in some markets.