General Electric invests in electric carmaker Think

1 post / 0 new
reikiman's picture
Last seen: 1 year 2 months ago
Joined: Sunday, November 19, 2006 - 17:52
Points: 8447
General Electric invests in electric carmaker Think

Industrial giant General Electric has invested approximately $4 million into Think Global, the Norwegian company that specializes in electric town cars.

The investment exists, in part, to aid another investment by GE in lithium-ion battery maker A123 Systems. GE has invested $20 million into A123, which is working with General Motors on the Chevy Volt. Think, which has been getting its lithium-ion batteries from a company called EnerDel, has now signed a deal to also get batteries from A123....

They're currently only selling cars in Norway, and it's just the city car they had been selling before. Think has a checkered history having nearly gone bankrupt a couple times, spent awhile being owned by Ford. IIRC Think had been planning to use the Tesla battery pack, until Tesla had a change of mind about OEM'ing battery packs to other vehicle makers. It would be fair to assume Think will be using the A123 batteries instead.

The same article mentions a new car from Think, the Ox.!NK-Ox It doesn't give range/speed spec's ... it's a 5-seater.

Use code"Solar22" and enjoy 12% off for all solar Kits.

Who's online

There are currently 0 users online.

Who's new

  • Mohammadawawdy
  • Jiya
  • volejbol
  • Gordongadget
  • Cold Rider

Support V is for Voltage