Think to Add U.S. Electric Car Plant

March 13, 2009

Email this story Print this post Add your comments

Think, an electric car company based in Norway, plans to open a U.S. manufacturing plant.

Think hopes to begin production in 2010 with a first-year volume of 2,500 cars. Production capacity at the plant would be 16,000 cars, according to a press release. Eventually, the company may produce upwards of 60,000 vehicles annually and employ 900 people in the United States.

Eight states, including Michigan, are in the running for the initial factory, which would employ 300 people and build the TH!NK city car, an all-electric model that can travel up to 112 miles per charge.

The company already operates a production plant near Oslo, Norway, capable of producing 16,000 vehicles annually.

Think North America said it will apply for low-interest loans from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing program, created in 2007 to develop fuel-efficient vehicles.

Additionally, Think is collaborating with battery makers Ener1 Inc. and A123, which are both under contract to supply battery power systems for the TH!NK city.

Think is owned by private equity group Novus Energy Partners.

Last June, the US Department of Energy said it would contribute up to $30 million over three years for three cost-shared Plug-in Hybrid Electric Vehicle (PHEV) demonstration and development projects.

Electric vehicle manufacturer Tesla is among those applying for federal funds.

Email this story Print this post Add your comments

Advertisers

Stay competitive through sustainability.

Find out how at the SAP Sustainability Resource Center. >>

Unclear about the EPA's new GHG Rule?

Learn how it could affect your business. >>

EPA mandatory emissions reporting starts Jan 1st

CSA Standards can help your organization get ready for compliance. Find out how. >>

Product Environmental Compliance Best Practices

How to achieve compliance at a significantly lower cost. Download the full report. >>

Join the Discussion

Recent Daily News [ see all ]

11/20/2009
11/19/2009
11/18/2009

Charts [ see all ]

European Paper Industry Cuts CO2 Emissions by 42% since 1990

S. America Takes Most Urgent View of Copenhagen Talks

Nike Tops Annual Climate Action Scores

Oceans May Trap more Carbon than Forests

Jobs

View All Jobs >> Post a Job >>

Comments and Discussions

Trade Association on Trade Group on EPA Chemical Regs: ‘If Everything is a Priority, Then Nothing is a Priority’
"Seriously… that..."

Gary Markowitz on Supermarkets Tackle Emissions Reductions, Fuel Efficiency
"Supermarkets waste over 10 percent of their energy through improper..."

peter in ireland on Ontario May Follow California’s Lead on TV Energy Efficiency
"Governor Schwarzenegger is shooting himself in the foot! 1...."

Environmental Leader on S. America Takes Most Urgent View of Copenhagen Talks
"The survey respondents (the PDF report mentions 4,000 respondents in 38..."

Jake on UPS Trying New Hydraulic Hybrid Trucks
"A point of clarification: the Reuters press release referenced herein reports that 20 UPS will purchase..."

Custom Organic Shirts on S. America Takes Most Urgent View of Copenhagen Talks
"90% of North Americans believe it is urgent to get a global climate..."

peter dublin on California City’s Green Building Ordinance Applies to Commercial Buildings
"Why energy efficiebnt regulation on buildings –..."

Environmental Leader