Posts Tagged ‘Think’

Electric Vehicle Maker THINK™ Resets for a New Start

Monday, July 25th, 2011

Oslo, Norway /PRNewswire/ — THINK Global AS, a leading manufacturer of pure electric cars, has been purchased by a prominent international technology entrepreneur who is committed to maintaining the company's key role in global transportation electrification.

A court-appointed trustee selected Mr. Boris G. Zingarevich, whose investment operations are based in St. Petersburg, Russia, as the winning bidder following a bankruptcy proceeding initiated by the Norwegian carmaker last month.

In addition, Mr. Zingarevich has signed a memorandum of understanding with American advanced lithium-ion battery maker Ener1, Inc. and Finnish automobile engineering and manufacturing concern Valmet Automotive, Inc. to cooperate in relaunching THINK. (more…)

Think Announces U.S. Factory Plans

Thursday, March 12th, 2009

Ann Arbor, MI /PRNewswire/ — Norway's pioneering electric car maker, Think, plans to open a new manufacturing plant and technical center in the United States. The company is currently in discussions with eight states, including Michigan, hoping to host the facility, which will initially employ about 300 workers with a starting capacity of 16,000 cars per year. The technical center will provide jobs for another 70 engineers and electric drive specialists. Plans ultimately call for up to 900 employees and a capacity of 60,000 electric vehicles per year.

“The U.S. is quickly overtaking Europe as an attractive market for EVs and is an ideal location to engineer and build EVs,” said Think CEO Richard Canny. “We see ourselves playing a small but potentially growing role in re-inventing the U.S. auto industry (more…)

GE Invests in Electric Vehicle Producer Think and Battery Manufacturer A123Systems to Commercialize Electric Car

Wednesday, March 5th, 2008
TH!NK City
Business Wire

Geneva & Washington — (BUSINESS WIRE) — GE (NYSE: GE) announced it is ramping up its efforts to enable global electrification of transportation by investing in Norwegian electric car manufacturer Think, which unveiled a five-seat crossover concept car in Geneva today. To power its vehicles, Think has signed a commercial supply agreement with lithium-ion battery manufacturer A123Systems. GE is in a unique position to help both companies commercialize technology to make electric transportation practical and affordable.

Think presented its investment relationship with GE in Geneva at the 78th International Motor Show (more…)