January 6, 2010

“˜Think’ Electric Car Assembly Coming To America

Americans will see electric cars being distributed throughout the U.S. after the electric-vehicle maker Think announced they will build their first car in Indiana starting in 2011.

The Wall Street Journal said the company is expected to invest over $40 million in building improvements and equipment at an Elkhart County, Ind., assembly plant.

Several US states had been in competition for the investment.

The Think City, which has two front seats for adults and two child seats in back, will have a range of in excess of 100 miles on a single charge and will cost about $30,000 in the U.S. after a $7,500 federal tax credit. According to Think CEO Richard Canny, the top speed for the U.S. model is to exceed 70 miles an hour.

Canny said, "It's larger than a Smart car but slightly smaller than the Mini. It's an urban car that can get you on and off the highway."

Think's Indiana plant will be near its Indianapolis-based lithium-ion battery supplier, EnerDel. Ener1 Inc., the parent of Enerdel, is a 31% equity stakeholder in Think.

Eventually, Think will have enough capacity to assembly more than 20,000 vehicles a year in the Indiana plant.


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