ThinkCity
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EV maker Think Global files for bankruptcy after poor US sales
Not so long ago, we were ready to believe that this plastic EV might stand a fighting chance thanks to its local charm and initial $28,000 price tag. But then the price soared, sales failed to pick up, and now it appears the Norwegian maker of the Think City couldn't cling on any longer. Think Global has filed for bankruptcy and will be liquidated in an attempt to pay off its creditors, including US battery producer and investor Ener1, which is making a $33 million charge on the company's assets. It's sad to see any such enterprise fail, but Think Global might one day be seen as a victim of the success of the EV industry, which is beginning to see better competition and lower prices.
Think City's EVs get priced... sort of
Apparently a $34,000 price tag isn't exclusive enough for you to nab one of the first 100 Think City electric vehicles -- fancy that! The aforementioned sticker is meant only for normal retail versions of the green-machine, a version that just so happens to not truly exist in any meaningful form. To be one of those lucky 100 bringing home the first available Think City vehicles, you'll have to cough up a decidedly heftier chunk of change -- $41,695 to be exact. In addition to these inaugural models, Think City is adding another set of prices for lucky folks living in Indiana (the first state to acquire these cars), where the normal production electric eco-transports are apparently selling for just $30,050. 'Course, all this scrutiny over MSRPs is apt to be for naught when gas creeps up to six bucks a gallon, but hey, that would never happen in our lifetime. Right?
First Think City electric vehicles delivered to Indiana government, Leslie Knope calls dibs on all of 'em
Headed to Pawnee, Indiana anytime soon? Don't lie, it's a place that survives in only two places: your mind, and NBC's studios. The only "Pawnee" in proximity of the Hoosier State lies in Illinois, but it's cool, we can still pretend. After hearing that Think was planning to hawk its City electric vehicle in the Big Apple this year, it looks as if Indiana's government will actually be first to acquire it. Fitting, though, given how Think's primarily manufacturing facility is parked in Elkhart, IN. The first 15 City EVs -- described by the company as "all-electric, zero-emission cars designed in Scandinavia for fleet applications and urban commuters" -- have hit the ground running, delivered to the Department of Administration to be used principally by the Department of Natural Resources in the state's park system. Naturally, Ron Swanson was at the ribbon-cutting ceremony with a mind to swipe one for his own personal use, but once he learned of Think's plans to finally roll out retail distribution in select US cities in the second half of 2011, his conscience got the better of him. Phew.
Think City electric car gets bigger American batteries for bigger American roads
The electric Think City has been targeting an American release for well over two years now but, like many EVs, those dates just kept on 'a slipping. Now the cars are finally starting to hit the colonies and, as a reward for the wait, we're receiving models with more powerful batteries. The cells are supplied by Indiana-based Ener1, a new lithium-manganese pack that offers 25kWh. Those cells are said to double the car's previous expected range, up to 100 miles from 50, yet still recharge in a scant four hours -- if you're using a 240v plug. The folks at Green Car Advisor managed a maximum of 68mph in the two-seater and, driving in a decidedly non-eco-minded way, managed 43.5 miles with 38 percent left, giving an estimated 75 miles for those with leaden right foots. That, at least, is promising, and while a $28,000 MSRP is rather a bitter pill, it's a good bit cheaper (though smaller) than the Nissan Leaf. And don't forget that Uncle Sam would be happy to knock at least a few grand off of that price, too.
Think to start selling City electric vehicle in New York, other locales this year
Talk about a revival story. Recently saved from the brink of disaster, Think Electric is back in a big way. Fittingly announced around the New York Auto Show, the company has revealed that it will begin selling its Think City -- one of the planet's first highway-capable electric vehicles, it'll have you know! -- in New York and "other select cities" later on in 2010. Think's currently working in conjunction with the US Department of Energy's local Clean Cities chapters to make it happen in the Big Apple, but exact details (you know, like an on sale date and MSRPs) are nowhere to be found. Considering this company's position just six months ago, though, we'll take whatever progress we can get.
Think Electric returns from the brink, begins production of Think City two-seater
Norway's Think Electric may have managed to attract some backing from GE in early 2008, but it looks to have quickly ran out of cash after that, and was forced to completely shut down its operations about a year ago. Well, kids, dreams do come true -- or production lines can be started again, at least -- and after securing some funding earlier this year, the company has now announced that its two-seat Think City electric vehicle is now back on track for a release by the end of the year. That initial production run will apparently consist primarily of 2,300 cars that have already been pre-ordered in Europe, but Think Electric says it also plans to begin selling the car in the U.S. sometime next year, and license its electric power train to other automakers looking for a readymade option.
Electric Think City car sets sights on North American launch
You totally thought that "Think" operation you heard about last summer was nothing more than yet another electric car dream that would never see reality, didn't you? Turns out, the endeavor could be more successful than anyone originally imagined, and if all goes to plan, the Think City should hit US shores later this year. Beyond that, the company is assuming that it "could be selling as many as 50,000 units in two or three years," and with pump prices soaring and a sticker of around $25,000, we don't have much reason to doubt that. The 110 miles-per-charge vehicle, which touts a top speed of 65MPH and reportedly meets all US / European safety standards, would likely be assembled in Southern California (at least, ones sold over here), but we've no idea if swarms of Think dealerships will start popping up after all this goes down.[Via International Herald Tribune]
