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THINK Progressing Toward EV Production Goals

June 22, 2010

OSLO, NORWAY - THINK, the Scandinavian electric vehicle maker, announced it took a step closer to mainstream volume production this month with the introduction of lithium-ion batteries to THINK City EVs in Europe. 

THINK and battery manufacturer Ener1 have been in active partnership for a number of years, developing a match between THINK's EV drive system and the Ener1 lithium-ion battery technology supplied by Ener1 subsidiary EnerDel. The result is Ener1's development of a dedicated 22kWh battery system for the THINK City vehicle. 

THINK said that in partnership with EnerDel, the company is poised to further develop global business-to-business opportunities with its integrated electric drive train. The drive train is already being tested in Asia by the Japan Postal Service and by Mazda as part of an Itochu Corp.-led sustainability project in Tsukuba, Japan. 

"THINK's adoption of Ener1's battery technology is going to allow us to scale up much more quickly in Europe and also be ready to enter the U.S. market later this year," said THINK CEO Richard Canny. "The volume production of these batteries now underway at Ener1 opens the door for THINK to finally enter higher scale production, now that battery supply constraints are behind us. Not only does lithium-ion offer all sorts of advantages at the customer level, it also opens up the potentially massive business-to-business market for us as well, which will result in significant volume expansion and international growth for THINK." 

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