Randy May Family in Hillsboro Oregon

December 10, 2009

Think Electric cars to be Made in Indiana

Filed under: Electric Vehicles — rmay4 @ 8:38 pm

Swedish eclectric car maker, Think, is back in business and has cars rolling down the line.  They have a backlog of business to catch up on and then plans to expand across Europe and across a little pond known as the Atlantic Ocean to the US.  There were several states in the running for a local plant and it looks like one won!  Read after the break.

Randy May
Dick’s Country Chrysler Jeep Dodge
503-214-5014

rmay@dickscountrydodge.com

—————————–

Source:Automotive News Europe
GREEN CARS
Electric carmaker Think resumes production
Douglas A. Bolduc
December 10, 2009 12:00 CET

MUNICH — Production of Think Global’s electric minicar started today at contract manufacturer Valmet Automotive’s plant in Uusikaupunk, Finland.

The Norwegian automaker stopped output at its factory in Aurskog, near Oslo, in the second quarter as a result of the financial crisis.

Valmet is one of the investors that helped Think raise $47 million in capital this summer to exit court protection in Norway.

Think plans to begin deliveries of the City full-electric car before Christmas. Most of the units are for government-sponsored fleets with cities in Austria, Denmark, the Netherlands, Norway, Spain, Sweden and Switzerland.

“The order bank stands at around 2,300 vehicles, and our first priority is to deliver to these customers now that our vehicles are rolling off the production line again. Our next priority is to build on this order book with continued expansion in Europe and around the world,” CEO Richard Canny said in a statement.

Growth plans

Think hopes to have 4,600 units of the two-seat City built in Finland 2010, sales director Richard Waitz told Automotive News Europe in October.

In November, Charles Gassenheimer, chairman and CEO of lithium-ion battery maker Ener1 Inc., which has a 31 percent stake in Think, told Reuters that Think had picked a site in Indiana for its U.S. manufacturing.

Think spokesman James Andrews said Thursday that Indiana is one of four U.S. states in the running to get the plant. He declined to name the other three states vying for the contract. A decision on where to locate U.S. production is due in late January to early February, he said.

Ener1 is Think’s largest investor. Its subsidiary EnerDel will supplier Think with lithium-ion batteries. Swiss company MES DEA supplies the City’s alternative nickel-sodium batteries.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: