Th!nk still has pulse, Ener1 to purchase stake, may build in U.S.
After its virtual collapse last month, there are now renewed signs of life at Norwegian EV maker Th!nk. Ener1 Group Inc., which owns 57 percent of U.S. battery maker Ener1, is one of the investors in Th!nk and Ener1 had been set to supply Th!nk with lithium ion battery packs for its City car, as well as future products. According to Ener1 CEO Charles Gassenheimer, the company is looking at significantly upping its ownership stake in Th!nk. Half of the $5.7 million cash infusion that Th!nk received in December came from Ener1 and Th!nk may need up to $40 million to get production going. Gassenheimer believes the company could easily sell 10,000 of the City cars annually in the U.S. In conjunction with the DOE loans that EnerDel has applied for to fund increased battery production capacity, Gassenheimer is looking at setting up Th!nk City production in U.S. as early as 2010.
[Source: Electric Aid]
Reader Comments (Page 1 of 1)
Mehul Kamdar 4:22PM (1/22/2009)
This is the best that could happen to Think Cars. If they are built in the USA, they would be more easily available. Hopefully, I shall be able to buy one.
Thanks for the positive news at a bad time.
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Dave 4:47PM (1/22/2009)
What about the Th!nk Ox? That's what the U.S. needs for all the commuters.
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paulwesterberg 6:09PM (1/22/2009)
The Think OX is one of the best Electric designs Ive seen so far, I hope they bring it to production here in the states.
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Stew 3:39PM (1/25/2009)
This is good news, this is the car I've been most eagerly awaiting. I will take mine in black, with the optional rear seat please.
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Joe B. 11:53AM (1/23/2009)
The OX will definitely sell. That is a very nice car. I hope really want Tesla and Th!nk to succeed. I've had enough of GM, Chrysler, and Ford.
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