
Th!nk is the Norweigan carmaker that has begun production of a small, low speed electric car called the Think city EV. The company to this point had only announced plans for sales in Europe, beginning in the U.K.
At the Geneva Auto Show they announced a larger 5 seat monocab Think Ox concept, and have received financial backing from GE. Think has also already entered into partnerships with 2 U.S. lithium-ion battery companies as well, A123 and EnerDel.
Today, for the first time, Th!nk announced plans to go into large scale sales of the Think City in the U.S., hoping to get as many as 50,000 cars on the road by late 2009.
The Think city is a 2-seater with a top speed of 62 mph, a 112 mile range, be priced under $25,000 and has already passed U.S. federal safety requirements. Todays announcement also carries the importance of funding by the major U.S. venture cap firm Kleiner Perkins Caufield & Byers.
The North American operation will be based in Southern California, where the cars will also be assembled.
So will this car give the Volt a run for its money or will it’s money run away? Only time will tell.
Source (Reuters )





