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Think Global planning U.S. production for new electric city car

 
3 1,537 views Mar 13, 2009

think city ev motorauthority 001

The Th!nkCity takes about four hours to charge and offers a driving range of up to 120 miles

The Th!nkCity takes about four hours to charge and offers a driving range of up to 120 miles

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Think Global is a Norwegian manufacturer of electric vehicles and is the same company behind the original ‘Th!nk’ electric car that went on sale in the U.S. during the late 1990s. Back then, Think was owned by Ford, which sold it in 2003 to Swiss company Kamkorp Microelectronics. In 2006 Think went bankrupt and was subsequently rescued by a group of Norwegian investors determined to build the firm into a proper carmaker with a number of all-electric models.

The rejuvenated company showed some promise in recent years, revealing a number of new concept vehicles and delivering several hundred cars in Europe, then the global economic crisis took its toll. Demand for its cars started to fall and the company couldn’t raise enough capital to fund its growth, and eventually it went bankrupt again.

Now, while restructuring under the bankruptcy agreement, Think hopes to return to the U.S. market and is even in talks with investors to set up a local factory. Think has a new product that it believes could inspire investors and lead to a partnership with another party, ideally one with U.S. distribution resources, according to Automotive News.

The car that could help bring the Think brand back from oblivion is the new Th!nkCity car - a two-door affair that is slightly bigger than the Smart ForTwo. Running on lithium-ion batteries, Think claims the car is capable of travelling 120 miles before it needs to be charged. However, the car's maximum speed is estimated at only 65mph.

Pricing for the Th!nkCity is expected to fall below $20,000 if it reaches American shores, placing it well below the pricing for today's Toyota Prius hybrid car. Other electric cars from manufacturers such as Mitsubishi are expected to be priced similar to this.

The company is also in discussions with eight U.S. states in regards to building a North American assembly plant. Leading the field is Michigan, which Think claims has the most talented auto workface in the country, but everything will depend on whether or not the company can secure enough funding.
Think City EV
Think Ox crossover EV

HI-RES GALLERY: think city ev motorauthority 001

HI-RES GALLERY: think ox ev motorauthority 001




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Comments (3)

  1. By burke Posted: 5/30/2008 4:24pm PDT

    That is definitely good news...
     
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  2. By chris Posted: 5/30/2008 11:47pm PDT

    what would be even better news is a car that doesnt look like crap. I'm sick of these hybrids and EV's that say "LOOK AT ME.. IM SO UGLY.. CLEARLY I'VE GOT SOMETHING SPECIAL GOING ON OR ELSE NO ONE WOULD HAVE BOUGHT ME".... its a working gorwn up version of that fischer price red and yellow car that every one of us had.. no matter how old you are.. you had that stupid car.

    and some norwegian said "thats a great idea!"

    heres an idea... make an EV that looks like the fiesta concept... or something elegant, sporty, clean, and refined like that. I really think that that is why the volt is going to sell so well. cause it just looks like a really nice car... it looks like the kind of car that you want cause of the looks of it. oh.. and its an EV... by the way. "that doesnt matter.. i want that car.. looks nice.." thats what people need to say.
     
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  3. By andrew danish Posted: 6/2/2008 10:14pm PDT

    best news i've heard all day!
     
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