THINK finishes in top three at e-miglia 2010 - the world's most gruelling international electric rally
Oslo, Norway, 18 August 2010
While THINK continues its warm-up preparations for the forthcoming EV Cup race series, the car-sharing pioneer Move About proved the quality of the THINK City by competing in the E-Miglia 2010, the world’s first international EV rally.
The best performing THINK City of the five entered was driven by Markus Spiekermann of Team Move About Bosch – entered by the German branch of the Scandinavian car-sharing pioneer, Move About. Spiekermann finished in third position, in what was a great demonstration of the THINK City’s robust performance attributes, developed and proven over 19 years and over 30 million kilometres of real world experience.
The E-Miglia 2010 started in Munich, Germany and concluded in Rovereto, Italy, over four days and 560 kilometers of carbon free competitive rally driving. Featuring no less than five Alpine passes, the E-Miglia offered ample opportunity to utilise the THINK City’s innovative regenerative braking technology, and in turn maximise battery range against formidable competition from the likes of Tesla, Citroen, Fiat, Tazzari, Smart and Jetcar. This latest competitive outing follows THINK’s recent class victory, also with a Move About team at the wheel, at this year’s Monte Carlo Rally for Alternative Energy Vehicles.
“This is, without question, the most gruelling EV rally in the world,” said Spiekermann, “we were competing against some serious competitors in a variety of weather conditions and the THINK City was more than able to hold its own. Finishing in the top three is a really impressive achievement in a showroom standard urban EV, particularly against so many high performance race rivals.”
The latest generation THINK City is a purpose-built, all-electric and fully air-conditioned urban car that can travel at highway speeds and cover 160 kilometers on a single charge (via conventional household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City continues in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG, and deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Sweden, Austria and Switzerland.
THINK also recently announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
THINK enters France in unique EV distribution partership with corporate giant MOBIVIA
Lille, France, 16 August 2010
Scandinavian electric vehicle (EV) maker, THINK, today announces its entry into the French market through a partnership with MOBIVIA Groupe (which incorporates the Norauto, Midas, Carter Cash, Maxauto and Synchro Diffusion brands in France), and its newly established sustainable mobility division, O2City.
THINK’s partnership with O2City represents the biggest distribution and service offering in THINK’s history, with access to potentially more than 800 sales and service facilities throughout France. The partnership puts THINK at the heart of several large EV fleet contract tenders in France, such as with a consortium led by French postal service La Poste. This consortium has been put together with the objective of electrifying 100,000 vehicles throughout France by the middle of the decade.
“We could not wish for a stronger and better equipped partner for the sale of the THINK City in France,” said Richard Canny, THINK CEO.
“O2City is very well placed to capitalise on ambitious French EV market development aspirations, with access to some 800 Mobivia centres nationwide, offering easily accessible and available servicing to early adopters of EV technology. We are delighted to be entering the French market with such a strong partner and with a product that’s actually in production and on sale right now,” concluded Canny.
“The French sustainable mobility market is about to open up in a big way,” said Fabien Derville, Managing Director in charge of the Eco-Mobility division, MOBIVIA Groupe.
He added: “With Government incentives, huge electrification aspirations from authorities and utilities, and new sustainable companies such as the Autolib car-share management program and O2City supporting this new market – Mobivia’s mission to make sustainable mobility simpler and readily available across France is really coming together. The THINK City, with its robust EV design based on two decades and millions of kilometres of experience, is a perfect urban commuter solution for the congested streets of French cities, and forms a key part of our sustainable mission here at Mobivia.”
O2City will offer much more than just the sale of electric vehicles in France. The visionary company is also set up to offer finance packages, insurance, charging stations at its outlets, home charging solutions, electric vehicle maintenance and after-sales service through its far reaching network of eco-mobility centres.
The latest generation THINK City is a purpose-built, all-electric and fully air-conditioned urban car that can travel at highway speeds and cover 160 kilometers on a single charge (via conventional household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City continues in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. Customer deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Austria and Switzerland.
THINK also recently announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.
Photo caption: One of the new o2city fleet of THINK City EVs.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
THINK joins Basque Country eco car-sharing cosortium
Madrid, Spain, 11 August 2010
Pioneering Scandinavian electric vehicle (EV) maker, THINK, and its distribution partner in Spain, Going Green, have teamed up with a consortium in the Basque Country to provide citizens of Ataun with a totally carbon free car-sharing scheme in the city.
Up to 15 THINK City EVs will be available in Ataun as part of the project, named Sarecar, and thanks to the consortium partners – made up of organisations such as Iberdrola, one of the largest utility companies in Europe; Kutxa, a Basque Country savings group; Diputacion Guipuzkoa, the regional government office and Ayuntamiento de Ataun, the city council – several new EV charging stations are being installed at key locations around the city.
The new charging stations are being erected around the region by consortium partner Iberdrola, and thanks to technical innovations made by the utilities giant, all will be powered using 100% renewable energy sources.
Iberdrola president, Sanchez Galan, said: “When the programme is launched in October, we aim to prove that the mainstream adoption of electric vehicles is not just a dream.”
THINK CEO, Richard Canny, added: “Spain is a growing market for electric vehicles, and thanks to our in-country partner, Going Green, we have been able to establish a footprint here in the last year. Now that we have introduced air-conditioning to the THINK City as well, we expect this footprint to grow in the coming months, with increasing sales in the key cities of Madrid and Barcelona and now, thanks to this excellent, totally carbon free car-share project from Sarecar, we are making in-roads into the Basque Country as well.”
“We are proud and impressed with the level of commitment to this new scheme and with the calibre of the partners getting involved on such a large scale,” he concluded.
The latest generation THINK City is a purpose-built, all-electric and fully air-conditioned urban car that can travel at highway speeds and cover 160 kilometers on a single charge (via conventional household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City continues in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG, and deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Sweden, Austria and Switzerland.
THINK also recently announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.
Photo caption 1: A THINK City at a new Iberdrola charging station in Ataun, Spain. Photo caption 2: Iberdrola President, Sanchez Galan driving one of the Sarecar project’s fleet of THINK City EVs.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
THINK and Migros team up with swiss eco tourism group to introduce carbon-free driving in the alps
OSLO, Norway, 9 August 2010
Scandinavian electric vehicle (EV) maker, THINK, and its Swiss distribution partner, M-Way, have teamed-up with eco-tourism pioneer Alpmobil to offer visitors to its resorts totally carbon-neutral transportation for use on their vacation.
A fleet of 60 THINK City EVs has been made available in the Goms and Haslital region of the Swiss Alps, and will be available for hire through some 30 hotels, resorts and other touristic hot spots in the area. Alpmobil will be marketing the service through its website and its resorts in the region, and the EVs will be available for hire at a special rate of some €45.00 per day for Alpmobil customers.
“This trial program fits perfectly with Alpmobil’s philosophy, and we are proud to have made a start and to show both the public and other resorts in sensitive regions that driving ecologically and without noise pollution is possible, affordable and fun,” said Dionys Hallenbarter from Alpmobil.
Daniel Hofer, Migrol CEO and project head at M-Way, added: “Sustainability in business is at the heart of Migros’ ethos, and M-Way is our means of delivering the transportation element of this plan. Through projects like this with Alpmobil we are leading the way in delivering clever but simple solutions and bringing them into the mainstream. This initiative is a perfect example of this, and as the EVs are powered by locally sourced renewable electricity, the offer boasts 100% carbon-free transportation to explore the beautiful and unspoilt valleys, mountains and pass roads in the region of Goms and Haslital.”
EV charging is made accessible around the region thanks to more than 20 battery charging points that have been installed in the area – powered by renewable hydroelectric generated electricity derived from local mountain waters, reservoirs and dams.
THINK CEO, Richard Canny, said: “When we announced our partnership with M-Way we talked of the innovative and alternate route-to-market offered by such a forward-thinking and pioneering group – this is perfect evidence in action of that philosophy and we are very proud to be a part of this new approach to eco-tourism. We look forward to speaking to similar-minded companies and resorts in other countries wishing to be a part of this sustainable revolution.”
The latest generation THINK City is a purpose-built, all-electric car that can travel at highway speeds and cover 160 kilometers on a single charge (via conventional household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the latest generation THINK City, benefitting from the developments listed above, continues in Finland at Valmet Automotive – also the assembler of the Boxster and Cayman models for Porsche AG. Customer deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Sweden, Austria and Switzerland.
THINK has also recently announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.
About Alpmobil:
Alpmobil offers solutions for sustainable mobility for tourism and local leisure traffic in the Gotthard Pass area of central Switzerland. The implementation is based on a holistic approach using selected nodes (or “MovePoints”) that form a contiguous network throughout the region. MovePoints work together and offer various means of sustainable transportation including electric cars, e-bikes, hiking, steam train, or horse-drawn carriage. The project builds on the pioneering days of the passes and makes an environmentally friendly experience into an adventure.
The "E-mobility" project with Migros and THINK in the summer of 2010 is the pilot phase of the program. In the next few years, more programs are planned to create a whole network of sustainable transportation options around the Gotthard.
About Migros:
Migros is Switzerland’s biggest retailer. With its more than 84,000 employees coming from over 140 countries, Migros is also the biggest private employer in the country, realizing a turnover of 25 billion Swiss francs (approx. 17.5 billion euros) in 2009. The majority of goods sold by Migros are produced by Migros industries in Switzerland. Migros is a federation of ten regional cooperatives with over 2 million members; various companies as well as a series of foundations also form part of the Migros Group. Besides the traditional areas of Grocery Retailing and Specialized Goods Retailing, the Retailing Department (with the Swiss discounter Denner, the Globus department stores, the oil company Migrol, etc.), the Travel section (with Hotelplan, Interhome, etc.), and the area of Financial Services (Migros Bank) also represent important areas of business for the Group.
Migros was founded in 1925, by Gottlieb Duttweiler. Commercial activity is characterized by sustainable value generation. Ever since its inception, high ethical standards and lasting corporate social responsibility have played and continue to play a significant role for the Group. Every year, a fixed percentage (> 100 million CHF/year, approx. 70 million EUR/year) of the turnover of the Migros cooperatives is donated to cultural and social activities. Hence, Migros is the most important private promoter of cultural events in Switzerland. About 50% of the donated amount, termed “Culture Percentage”, is contributed to the Migros Club Schools, the biggest training and tertiary learning institution of the country.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
THINK appoints CEO of Ducati North America to run global marketing and strategy
OSLO, Norway, 5 August 2010
THINK announces that Michael Lock will join the company as Chief Marketing Officer (CMO), effective August 9th, 2010. This builds on recent appointments to all areas of THINK’s senior leadership team including business development, sales and service, finance and human resources.
Lock, a British national, has spent most of the last decade in management positions within Ducati, a premium brand European motorcycle manufacturer. During his seven year tenure as CEO of Ducati North America, Lock oversaw the restructuring of the company and product distribution, restoring profitability and taking sales volume and market share to record levels. Lock’s previous experience includes senior marketing and brand development positions at Honda Motor Europe, Triumph Motorcycles USA and Triumph Motorcycles UK.
“I am delighted to be joining the pioneering team at THINK at an embryonic phase in this exciting new industry,” commented Lock. “THINK has some of the most sophisticated electric vehicle technology on the market, with potential to become a household name as demand for EVs grows in cities all over the world. I am encouraged by the initial customer response to the THINK City, and believe this is a solid foundation for growth as the company embarks on a focused roll-out of its first urban offering, and plans for future vehicle generations.”
“Michael has an impressive track record of establishing premium brands in new markets,” said THINK CEO, Richard Canny. “He joins THINK at a time when we are significantly expanding our global reach, moving beyond Europe to address the significant opportunities we are seeing open up in the US and China. Attracting talent like Michael is testimony to how much THINK has grown, and we are truly excited about the value he can create at such a pivotal time.”
Under Lock, Ducati received the prestigious Top Brand in Customer Satisfaction (USA) award in 2009, awarded by Pied Piper. Lock holds an MBA in International Brand Management from the Cardiff Business School in Wales, UK, and will live in Oslo, Norway.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
ITOCHU and THINK expand partnership in Asia with accelerated growth plan and equity investment
Tokyo, Japan, 22 July, 2010
THINK and ITOCHU Corporation today announce an expanded partnership for marketing and distribution of the THINK City electric vehicle (EV) and EV drive system in Asia.
The two companies have been in a cooperative relationship since 2009, through a number of market-leading demonstration projects in association with THINK’s award-winning lithium-ion battery partner, Ener1, Inc. (NASDAQ:HEV).
These projects have served as valuable test-beds to validate how battery, vehicle and grid technology function together in real-world environments. One such project in Japan involves Family Mart – the chain of convenience stores in which Itochu is a major share-holder, and Mazda Cars – one of many car companies in which ITOCHU has a minority equity stake.Using the Ener1 battery and THINK drive-train technology, a fleet of Mazda 2 vehicles was electrified for trial in the project in under three months.
Following the success of these projects - ITOCHU has taken a stake in THINK – to formalise the partnership and further develop marketing and distribution opportunities for THINK’s urban vehicle and drive-train business lines in Asia. This initial investment is characteristic of ITOCHU’s investment strategy, taking toehold positions and increasing equity stakes on the business achieving certain milestones. ITOCHU has been an equity investor and strategic partner of Ener1 since 2003.
“The partnership was already in place informally, as seen in the success we have had in ventures such as the Tsukuba Green Crossover Town sustainability project in association with Mazda,” said Masahiro Okafuji, ITOCHU Corporation President and CEO.
He added: “The demonstration projects are already delivering strong results, giving us the confidence to bring similar projects to other ITOCHU businesses. This will bring growth in Asia for all concerned parties – particularly those with the technology – in this case THINK and Ener1. ITOCHU is delighted to now formally partner THINK and develop this strategic business relationship in Asia.”
THINK CEO, Richard Canny, added: “This strategic alliance represents more than selling the THINK City in Asia; ITOCHU will also be marketing THINK’s EV drive system in the business-to-business sector, on the heels of recent purchases by Japan Post and Mazda. The latest generation drive system from THINK – the G4 EV DRIVE CONTROLLER, is now in full-scale scale production in Europe and ready to be commercialized. ITOCHU’s involvement as an industry heavyweight can only accelerate the growth of this new business line in new and exciting ways.”
THINK’s G4 EV DRIVE CONTROLLER is currently the most advanced electric vehicle drive system on the market. It is the fourth generation drive train from THINK, underpinning the THINK City EV with a power electronics system that integrates the battery powering the vehicle and the motor that drives it. This fast developing and growing business-to-business operation is increasingly important in THINK’s international expansion, with agreements underway in Asia, Europe and South America.
Ener1 Chairman and CEO, Charles Gassenheimer, who also serves as Chairman of the THINK board of directors, said: “ITOCHU is a formidable business development partner for Ener1, and now THINK. As a $130 billion enterprise, ITOCHU has the vision and resources to connect the whole value chain. Over a period of years, they have built the supply side with investments in mining, materials and equipment companies, and are able to stimulate demand for products through strategic investments in car companies, renewable energy, and grid storage related applications.”
He added: “Investments in infrastructure include an ITOCHU-owned chain of gas stations, convenience stores and property development companies. Ener1 and THINK’s technology are at the heart of everything ITOCHU is looking to achieve within the energy efficiency sector, and we welcome today’s investment as a renewed commitment to a comprehensive and powerful strategy that will play out over the next several years.”
The latest generation THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds and cover 160 kilometers on a single charge (via conventional household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City continues in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. Customer deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Sweden, Austria and Switzerland.
THINK has also announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is developing operations in Asia.
Photo caption 1: A Tsukuba Project Mazda 2, using the THINK and Ener1 drive-train and battery technology, on demonstration in Japan.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
About ITOCHU:
The history of ITOCHU Corporation dates back to 1858 when the Company's founder Chubei Itoh commenced linen trading operations. Since then, ITOCHU has evolved and grown over 150 years. With approximately 150 overseas bases in 74 countries, ITOCHU, one of the leading sogo shosha, is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, information and communications technology, aerospace, electronics, energy, metals, minerals, chemicals, forest products, general merchandise, food, finance, realty, insurance, and logistics services, as well as business investment in Japan and overseas.
About Ener1:
Ener1 develops and manufactures compact, high-performance lithium-ion batteries to power the next generation of hybrid, plug-in hybrid and pure electric vehicles. The publicly traded company (NASDAQ:HEV) is led by an experienced team of engineers and energy system experts primarily located in Indiana. In addition to the automobile market, applications for Ener1 lithium-ion battery technology include the military, grid storage and other growing markets. Ener1 also develops commercial fuel cell products through its EnerFuel subsidiary and nanotechnology based materials and manufacturing processes for batteries and other applications through its NanoEner subsidiary.
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
THINK’s rapid expansion continues with two new senior executive appointments to its Oslo headquarters
Oslo, Norway, 9 July, 2010
THINK announces two senior appointments to its management team, strengthening further its executive echelons in a time of very rapid growth for the company, with significant business developments across Europe, in the USA and Asia taking shape in the coming months.
Houtan Houshangi has joined THINK from McKinsey & Co., where he has spent much of the last decade working as practice and engagement manager, focussed primarily on operations management and lean manufacturing in automotive, assembly, transport, logistics, fast-moving consumer goods, banking and insurance.
At THINK, Houtan will concentrate on the company’s expansion into new markets around the world, concentrating especially on new business opportunities across Asia and the Americas, and expanding on THINK’s already established footprint in Europe.
Born in Tehran, Iran, Houtan holds a MSc in Industrial Engineering from Chalmers Technical University in Gothenburg, Sweden and has also successfully completed a three-year senior school automotive programme managed by Volvo Powertrain.
Eivind Garshol is appointed Director, Human Resources, and joins THINK from REC Wafer (a division of Renewable Energy Corporation ASA), where he was Vice President, Human Resources. Eivind comes with extensive and broad experience in human resources within medium to large sized companies with operations all over the world, and was responsible for REC Wafer’s team of some 1,200 employees in both Scandinavia and Singapore during a period of massive growth for the company.
Prior to his role at REC Wafer, Eivind was Vice President and Head of Global HR Policies and Processes at Wallenius Wilhelmsen Logistics AS for some 3,500 employees all over the world, at operations across Europe, in the Americas, Asia and Oceania.
A Norwegian by birth, Eivind holds a degree in Political Science, History and Nordic Languages from the University of Oslo.
THINK CEO, Richard Canny, said: “We are growing really fast as an international operation, and we need the best corporate talent available to guide and manage this expansion around the world – I think we have this and more in Houtan and Eivind. It says something about THINK’s position in the corporate world when senior personnel from the likes of Mckinsey & Co are joining our ranks.”
He added: “Eivind’s international experience will be exercised to the maximum in the coming months with THINK’s busily growing portfolio of operations here in Europe, the USA and Asia becoming increasingly active into 2011. This is a very exciting time for these guys to have joined the company, and we are all delighted to have them on board.”
Houtan Houshangi is already in place at THINK’s new Oslo headquarters, and Eivind Garshol starts at the beginning of August.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. Customer deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Sweden, Austria and Switzerland.
THINK also recently announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.
Photo caption: Houtan Houshangi (left) and Eivind Garshol (right)
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
BBC Radio 4 Electric Ride Team complete 4,500 mile European epic in a THINK City with show-stopping performance at the 2010 Brighton to London Eco Rally
London, England, 9 July, 2010 THINK has much cause to celebrate today following two outstanding achievements in London yesterday afternoon.
The BBC’s pioneering 4,500-mile, 12-country European odyssey in an electric vehicle was successfully completed with the arrival back in London of the Electric Ride team, exactly one month after they left Broadcasting House on their epic journey in a THINK City.
Commenting on the team’s trouble-free completion of this never-done-before grand tour in an EV, without so much as a puncture to report back to THINK, BBC presenter Peter Curran, said: “The feeling, quite simply, is electric.”
There were another two THINK City vehicles taking part in the Revolve Bridgestone Eco-Rally, one driven by Channel 4’s environmental designer, Kevin McCloud, and the other, a race-ready THINK City that will compete in next year’s EV Cup racing series, by Roger Saul, of fashion brand Mulberry and eco-farm Sharpham Park fame.
“The THINK City is a wolf in sheep’s clothing,” said Kevin McCloud, “It is a great car with plenty of punch and I even managed to burn-off an Alpha Romeo at the lights.”
Roger Saul agreed and also commented that, “the THINK City was very nice to drive and this EV racing edition was very tight. The whole aim of today was to drive from Brighton to London with the best carbon footprint and I managed to drive the full 50 miles using just half the battery capacity.”
The THINK City driven by Roger has been converted into a race-ready model by the EV Cup team of specialists in London, who have removed nearly 70kg of weight from the vehicle, achieved by stripping out the interior to leave one single lightweight racing seat and steering wheel, and replacing all glass with heat resistant and shatterproof Perspex.
A revised suspension system to lower the centre of gravity for the already well-planted car and further improve handling, complete the conversion.
These racing upgrades coupled with a software update of THINK’s patented EV drive control technology result in a very exciting performance from the race-ready EV Cup Edition. Watch the THINK City racer in action at a recent trial at: www.youtube.com/watch?v=w4gEoV1oWzI.
The latest generation THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds and cover 160 kilometers on a single charge (via conventional household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. Customer deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Sweden, Austria and Switzerland.
THINK has also announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.
Photo caption: THINK City’s crossing the finishing line at Evolve Bridgestone Eco-Rally.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
About START:
START is the creation of HRH The Price of Wales to help people across the UK lead more sustainable lives. START aims to demonstrate what a more energy efficient, cleaner and healthier future could look like and how each individual can make a start. For more information visit: www.startuk.org.
About EV Cup:
Electric Vehicle Cup presents the world’s first ‘green’ motor racing series based totally around zero emission electric cars, providing the platform for sustainable motor sport. For more information please visit www.evcup.com.
For more information contact:
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
THINK City goes racing
London, England, 29 June, 2010 Pioneering Scandinavian EV maker, THINK, entered the world of motor sport at the weekend with the THINK City ‘EV Cup Edition’ taking part in the START Eco Car Trials – the world’s first electric vehicle race.
The THINK City has been converted into a race-ready model by the EV Cup team of specialists in London, who have removed nearly 70kg of weight from the vehicle, achieved by stripping out the interior to leave one single lightweight racing seat and steering wheel, and replacing all glass with heat resistant and shatterproof Perspex.
A revised suspension system to lower the centre of gravity for the already well-planted car and further improving handling complete the conversion. These racing upgrades coupled with a software update of THINK’s patented EV drive control technology result in a very exciting performance from the race-ready EV Cup Edition.
Channel 4 TV presenter and environmentally-conscious architect Kevin McCloud, and racing enthusiast and founder of the British fashion brand, Mulberry – Roger Saul, tested the THINK City Racer for the first time at the weekend, at Kilver Court Viaduct in Somerset, previously home to the Mulberry headquarters.
The THINK City made a real impression with both eco racers. “The THINK City can overtake very competently despite its relative tiny power and that makes you feel very comfortable at the wheel,” said Kevin McCloud, “it is an excellent racing vehicle and on the short runs we were doing today it just doesn’t seem to run out of power – thanks to its linear torque – which actually makes it better than its equivalent petrol city car for short races.”
The THINK City was also a hit with Roger Saul, he said “the THINK City is the most advanced electric car in the world and is an excellent illustration of the START ethos, which is to bring sustainability to the fore in a fun way without ranting.”
Further pushing the boundaries of what is achievable in an electric car, the THINK City is also currently featuring in a new BBC documentary – Electric Ride – currently being broadcast around the world and following an intrepid BBC team as they drive their way 4,000 miles around a dozen European countries in an electric vehicle.
The team’s progress can be followed by tuning into Radio 4 on Saturdays at 1030hrs (BST / GMT +1) for four weeks from 19 June, or by logging on to BBC Online, http://www.bbc.co.uk/radio4/features/electric-ride
The latest generation THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds and cover 160 kilometers on a single charge (via conventional household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. Customer deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Sweden, Austria and Switzerland.
THINK has also announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.
Photo caption one: Kevin McCloud (left) and Roger Saul (right) with the THINK City Racer
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
About START:
START is the creation of HRH The Price of Wales to help people across the UK lead more sustainable lives. START aims to demonstrate what a more energy efficient, cleaner and healthier future could look like and how each individual can make a start. For more information visit: www.startuk.org.
About EV Cup:
Electric Vehicle Cup presents the world’s first ‘green’ motor racing series based totally around zero emission electric cars, providing the platform for sustainable motor sport. For more information please visit www.evcup.com.
For more information contact:
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
Latest generation THINK City named among ‘100 best ideas’ of 2010
Madrid, Spain, 25 June, 2010 Spanish magazine Actualidad Económica, a leader in the fields of economics and business, has named the THINK City EV as one of the ‘100 Best Ideas of the Year’.
Presenting the accolade to THINK’s Spanish distribution partner, Going Green, the magazine congratulated the company, a national leader in the distribution of electric vehicles, for promoting and selling so successfully one of the very few electric vehicles now on sale in Spain: the THINK City.
Thanks to its market leading range, safety and performance, Actualidad Economica placed the Scandinavian EV among its 100 brilliant ideas of the year, and named it “the vehicle at the forefront of the national and international EV market.”
The THINK City was also short-listed for its significant contribution to environmental responsibility: it does not emit polluting gases or any significant noise, and has a high degree of recyclability: 16% of its materials come from recycling and 95% are recyclable, including the whole of the vehicle’s interior.
Actualidad Económica magazine focuses on all matters relating to economics and business. Annually, it publishes the "100 Best Ideas of the Year" with the aim of highlighting the innovative effort of firms in different manufacturing and service sectors, and rewards those projects that have succeeded the most in improving socioeconomic conditions nationally and internationally.
Proving that the THINK City is a brilliant idea, the Scandinavian EV is the vehicle of choice for a new BBC documentary – Electric Ride – currently being broadcast around the world and following an intrepid BBC team as they drive their way 4,000 miles around a dozen European countries in an electric vehicle.
The latest generation THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds and cover 160 kilometers on a single charge (via conventional household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. Customer deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Sweden, Austria and Switzerland.
THINK has also announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.
Photo caption one: A Going Green THINK City EV demonstrator at a charging point in Madrid.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
For more information contact:
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
THINK launches industry-leading 4th generation EV drive-train ‘plug and play’ technology
Bilbao, Spain, June 23, 2010 Speaking at the Automotive News Europe Congress today in Spain, THINK CEO Richard Canny introduced, in detail for the first time, the THINK G4 EV DRIVE CONTROLLER – the most advanced commercially available electric vehicle (EV) drive-train technology.
THINK G4 is the fourth generation proprietary technology underpinning the pioneering THINK City EV. The drive controller is the power electronics system that integrates the EV battery powering the THINK City and the motor that drives it.
Housing the charger, DC-DC converter, inverter and vehicle control module, the fourth generation drive controller is the heart of THINK technology. Due to the company’s unrivalled experience and scale in the EV sector, with nearly two decades of development and over 30 million miles of real customer experience behind it, the new THINK G4 power electronics system is a long way ahead of most industry competitors.
This latest generation drive controller offers a number of benefits, such as enhanced technical safety, improved real world vehicle range, efficiency gains, manufacturing cost reduction and improved functionality and flexibility within the advanced electronic drive-train system. These benefits come from the THINK G4’s key technical advances, such as the system’s integrated design, scalability, modular construction, flexible open interface, agnostic capabilities and unique cooling attributes.
The G4 EV Drive Controller brings a whole new business stream to THINK as a company. Thanks to this industry-leading technological advance by THINK engineers, in partnership with award-winning lithium-ion battery partner EnerDel (NASDAQ:HEV), THINK G4 is an important new intellectual property of strategic business interest to companies across numerous sectors.
THINK is already in discussions with vehicle manufacturers wishing to tap into the company’s vast EV experience, leadership and expertise by buying the THINK G4 system. In addition, businesses that run large fleets of vehicles are interested in THINK G4 – coupled with the EnerDel battery – to convert their vehicles to electric drive, with companies in power supply, mail delivery and carbon reduction projects among the system’s first customers.
THINK CEO, Richard Canny, said: “The introduction of THINK G4 is yet another large step in the development of our company. We are already making great progress around the world with the roll-out of the THINK City EV into key markets; now we are turning to the upstream side of the industry by offering our leading fourth generation EV drive-train solution in the business to business sector.”
He added: “THINK G4 offers efficiency, cost and durability gains never seen before in this industry. Thanks to the technology’s flexibility, a range of batteries and motors can be used to power the system, an unlimited array of body styles become a reality, and entirely customized solutions are made available for the first time.”
Companies already deploying THINK’s EV drive technology include the Japan Postal Service in Tokyo, the Tsukuba Project in partnership with Itochu and Mazda corporations in Japan and CPFL Energia – the Rio de Janeiro based energy supplier in Brazil. Many other projects are about to get underway now that THINK G4 is in production.
The latest generation THINK City, complete with G4 EV Drive Controller, is in production at Valmet Automotive in Finland, which also assembles the Boxster and Cayman models for Porsche AG. Customer deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Austria and Switzerland.
THINK has also announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.
Photo caption: The THINK G4 EV DRIVE CONTROLLER.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
About ENER1:
Ener1 develops and manufactures compact, high performance lithium?ion batteries to power the next generation of hybrid, plug-in hybrid and pure electric vehicles. The publicly traded company (NASDAQ: HEV) is led by an experienced team of engineers and energy system experts at its EnerDel subsidiary located in Indiana. In addition to the automobile market, applications for Ener1 lithium?ion battery technology include the military, grid storage and other growing markets.
Ener1 also develops commercial fuel cell products through its EnerFuel subsidiary and nanotechnology?based materials and manufacturing processes for batteries and other applications through its NanoEner subsidiary.
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
First lithium-ion battery THINK City EVs enter production
> download First lithium-ion battery THINK City EVs enter production (Word document)
Oslo, Norway, June 16, 2010THINK, the Scandinavian electric vehicle maker, makes a further stride towards mainstream volume production this week with the first introduction of award-winning lithium-ion batteries to THINK City EVs in Europe.
THINK and Ener1 have been in active partnership for a number of years, developing and perfecting the match between THINK’s industry-leading EV drive system and the award-winning 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 – the first pure electric vehicle of its kind to use this new generation technology.
With this cutting edge battery in place, THINK, in partnership with EnerDel, is well placed to further develop global business-to-business opportunities with its proprietary integrated electric drive-train, which is already being tested in Asia by the Japan Postal Service, and by Mazda as part of a Itochu Corporation-led sustainability project in Tsukuba, Japan.
THINK CEO, Richard Canny, said: “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 US market later this year. 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.”
Chris Neal, Director of Engineering at THINK, added: “Ener1’s Lithium-ion technology is a true market leader and an innovation in the EV sector. Thanks to their prismatic design, Ener1 batteries offer solutions that are lightweight, better packaged and smaller, yet with much greater available power and energy density than other technologies. Crucially, fast-charging becomes a possibility with EnerDel batteries, as proven in early tests done by THINK and Ener1, where the battery can be charged up to 80% of its capacity in just 15 minutes. The volume introduction of Lithium-ion is a big step forward for THINK and the EV industry as a whole.”
Ener1 Chairman and CEO, Charles Gassenheimer, who also serves as Chairman of the THINK board of directors, concluded: “The EnerDel THINK partnership combines a cutting-edge lithium-ion battery solution with the most sophisticated EV drive-train in the world, leading the industry with a road-ready electric vehicle solution available for purchase today.”
He added: “Our ancillary drivetrain business, stripping out THINK’s drivetrain technology and combining with the EnerDel solution, is particularly powerful, allowing an impressive time-to-market advantage for third parties. Ener1 continues to leverage its relationships, such as ITOCHU with the Japan Post and the new Ener1-Wanxiang joint venture, to create compelling new revenue opportunities for both companies.”
The latest generation THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds and cover 160 kilometers on a single charge (via any conventional household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. First customer deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Sweden, Austria and others.
THINK also recently announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.
Photo caption: The EnerDel Lithium-Ion battery on the THINK City production line at Valmet Automotive in Uusikaupunki, Finland.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
About ENER1:
Ener1 develops and manufactures compact, high performance lithium?ion batteries to power the next generation of hybrid, plug-in hybrid and pure electric vehicles. The publicly traded company (NASDAQ: HEV) is led by an experienced team of engineers and energy system experts at its EnerDel subsidiary located in Indiana. In addition to the automobile market, applications for Ener1 lithium?ion battery technology include the military, grid storage and other growing markets.
Ener1 also develops commercial fuel cell products through its EnerFuel subsidiary and nanotechnology?based materials and manufacturing processes for batteries and other applications through its NanoEner subsidiary.
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
THINK pioneers innovative auto retailing in Europe
> download THINK pioneers innovative auto retailing in Europe (Word document)
Oslo, Norway, June 16, 2010THINK, the Scandinavian electric vehicle maker, has completed its latest innovative EV distribution partnership deal with the Swiss retailer Migros.
Migros is the largest retailer and biggest private employer in Switzerland, with over 600 outlets across the country whose retail mantra is to take the product to the people – making the group a perfect retail partner for THINK.
THINK CEO, Richard Canny, says: “This is the most exciting retail agreement THINK has ever done. Migros is a very important partner for us; already it is showing its selling prowess in the home market with sizeable new fleet deals immediately starting to come through.”
He continued: “In the EV industry, volume is growing quickly right now, and with partners such as Migros on board, THINK will start to reach the volumes required to take us beyond the tipping point and into mainstream, competitively priced car retailing.”
The first fleet sale of EVs in Switzerland has just been completed by Migros, with Alpmobil – the Swiss eco-tourism group – who will operate an initial fleet of 60 THINK City EVs for holiday guests at Alpmobil’s latest project in Haslital and Goms in the Swiss Alps.
Daniel Hofer, CEO of Migrol and project head of M-Way, said: “With M-Way we are able to promote the development of a more flexible and ecologically responsible mobility. We wish to make electric-powered mobility simple, accessible, and affordable – through multi-location retailing and the range of new supporting services planned by M-Way. We will start with the THINK City – the first ever pure EV with European regulatory approval.”
Herbert Bolliger, President of the Federation of Migros Cooperatives, added: “Ultimately we want to continue to grow Migros’ famously sustainable business ethos. We have the key central retail locations all over Switzerland and beyond, now we want to use these bases to spread the news and sales of electric vehicles such as the THINK City.”
The latest generation THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds and cover 160 kilometers on a single charge (via any conventional household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. First customer deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Sweden, Austria and now Switzerland.
THINK also recently announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.
Photo caption: Herbert Bolliger, President of the Federation of Migros Cooperatives with a new M-Way branded THINK City in Switzerland.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification. THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world. About Migros:
Migros is Switzerland’s biggest retailer. With its more than 84,000 employees coming from over 140 countries, Migros is also the biggest private employer in the country, realizing a turnover of 25 billion Swiss francs (approx. 17.5 billion euros) in 2009. The majority of goods sold by Migros are produced by Migros industries in Switzerland. Migros is a federation of ten regional cooperatives with over 2 million members; various public companies as well as a series of foundations also form part of the Migros Group. Besides the traditional areas of Grocery Retailing and Specialized Goods Retailing, the Retailing Department (with the Swiss discounter Denner, the Globus department stores, etc.), the Travel section (with Hotelplan, Interhome, etc.), and the area of Financial Services (Migros Bank) also represent important areas of business for the Group.
Migros was founded in 1925, by Gottlieb Duttweiler. Commercial activity is characterized by sustainable value generation. Ever since its inception, high ethical standards and lasting corporate social responsibility have played and continue to play a significant role for the Group. Every year, a fixed percentage (> 100 million CHF/year, approx. 70 million EUR/year) of the turnover of the Migros cooperatives is donated to cultural and social activities. Hence, Migros is the most important private promoter of cultural events in Switzerland. About 50% of the donated amount, termed “Culture Percentage”, is contributed to the Migros Club Schools, the biggest training and tertiary learning institution of the country.
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
The BBC embarks on pioneering drive around Europe in an electric car - and chooses a THINK City for the journey
> download BBC embarks on pioneering drive around Europe and chooses a THINK City for the journey (Word document)
Oslo, Norway, June 4, 2010Scandinavian electric vehicle (EV) maker, THINK, exclusively provided a brand new THINK City to the BBC this week, which has hired the vehicle for a pioneering documentary following the first drive of an EV around Europe, entitled BBC Electric Ride.
A BBC documentary team of four, led by presenter Peter Curran, leave London next week and drive straight to Harwich to catch a ferry to Denmark; before driving across the Danish islands to Norway, then onto Sweden, Austria, Germany, Lichtenstein, Switzerland, France, Italy, Spain, Portugal and others along the way before returning to London early in July.
BBC Electric Ride senior producer, Kevin Dawson, said: “The basic premise of our show is extremely simple – we want to look at the emergence of electric cars as a dawning reality. By embarking on an ambitious journey like this one, we will be able to share with our listeners the picture across Western Europe. We’ll be investigating the technology, infrastructure and political will behind the growth of EV culture.”
He continued: “Our choice of car came down to practicalities. We chose the THINK City because it is a ready-to-market fully electric vehicle, with a good driving range and respectable top speed.”
THINK handed the vehicle over to the Electric Ride team in London this week, and gave a top EV driving tips master-class to lead-driver Peter Curran, to help make the most of the vehicle and maximise battery range on the epic journey ahead. Some of the top tips included:
• The intensity of battery and range use is primarily governed by the throttle, so use it wisely and watch the efficiency meter on the dash to feel for your optimum driving style, e.g. by releasing the throttle early when approaching a red traffic signal. • Use the ‘E’ or economy drive function on the transmission to maximise regenerative braking – this gathers the energy used for braking and feeds it back into the battery • Drive with the windows up to minimise drag • Carry only what you need to minimise weight – leave the golf clubs and children’s bicycles at home (though there is plenty of room in the spacious trunk for such items) • Listen to relaxing music to ensure a patient and efficient driving style
Richard Canny, THINK CEO, said: “This is exactly the pioneering spirit that we encourage at THINK, which is why we are so happy to be supporting the BBC in this excellent project. They will prove that an EV can be just as versatile as a conventional car, but at the same time much more cost effective, efficient and friendly to the environment. Our top EV driving tips will help them along the way, and I look forward to personally welcoming the team in Oslo next week – a quarter of the way through their expedition.”
BBC Electric Ride will be broadcast on Radio 4 on Saturdays at 1030hrs (BST / GMT +1) for four weeks from 19 June and will also be available globally on BBC i-player from the same date. The team can also be followed globally on BBC Online (www.bbc.co.uk/electricride), Facebook (www.facebook.com/BBCelectricride), Twitter (www.twitter.com/bbcelectricride) and the project website (www.electricride.eu).
Photo caption: The BBC Electric Ride team collect their THINK City at London’s Marble Arch, (L-R: technical presenter Richard Scrase, producer Rose de Larrabeiti, presenter Peter Curran and senior producer Kevin Dawson).
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that are currently producing highway-ready, fully electric vehicles for sale – the THINK City. THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
THINK has established a U.S. subsidiary – THINK North America, a stand-alone business that will include manufacturing, product development, sales and distribution. The company has an active application before the U.S. Energy Department under the $25-billion Advanced Technology Vehicle Manufacturing loan program designed to spur development of more fuel efficient vehicles, including pure electric and hybrid electric vehicles. More information about THINK is available at www.thinkev.com.
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
THINK’s global expansion continues with first test in South America's largest electric car market
> download THINK in South America (Word document)
Oslo, Norway, June 2, 2010Brazilian electricity supplier, CPFL Energia has purchased three THINK City EVs, which it intends to showcase at the high profile Michelin Challenge Bibendum sustainable mobility conference, hosted in Rio de Janeiro at the end of this month, and attended by Brazilian President Luiz Inacio Lula da Silva.
Richard Canny, THINK CEO, said: “The timing couldn’t be better, with our first cars into South America arriving this week and the high level Michelin Challenge Bibendum conference getting underway – positioning THINK very well as one of the first EV makers to make its mark in South America, just like we have in Europe. Also, we have a very good collaborator in CPFL, as one of the leading electricity suppliers in the country. It is also the most forward thinking environmentally, with plans already taking shape to electrify part of CPFL’s very sizeable fleet of vehicles.”
Wilson Pinto Ferreira Junior, CPFL Energia CEO, added: “Sustainable mobility is fast working its way up the political and environmental agendas here in Brazil, and CPFL wants to be at the forefront of this movement. We are showing some of our plans for electrifying the CPFL vehicle fleet at the Michelin Challenge Bibendum, which, in its special 10th anniversary year and under the leadership of our President, will clearly emphasise the determination of this country to strive for a more sustainable mobility in future. We are very pleased that THINK is supporting us in our aim to achieve this goal, both at CPFL and hopefully in Brazil as a whole.”
CPFL Energia S.A., with revenues of US$ 6.0 Billion in 2009, engages in the generation, distribution, and commercialization of energy through its many subsidiaries in the Brazilian electricity sector, both in free and regulated markets. As of December 31, 2009, the company had installed generation capacity of 1,737 megawatts; and distributed electricity to approximately 6.6 million consumers. It serves residential, industrial, and commercial customers.
The latest generation THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds and cover 160 kilometers on a single charge (via any conventional household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. First customer deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Sweden, Austria and Switzerland.
THINK also recently announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that are currently producing highway-ready, fully electric vehicles for sale – the THINK City. THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
THINK has established a U.S. subsidiary – THINK North America, a stand-alone business that will include manufacturing, product development, sales and distribution. The company has an active application before the U.S. Energy Department under the $25-billion Advanced Technology Vehicle Manufacturing loan program designed to spur development of more fuel efficient vehicles, including pure electric and hybrid electric vehicles. More information about THINK is available at www.thinkev.com.
About CPFL Energia:
CPFL Energia S.A., through its subsidiaries, engages in the generation, distribution, and commercialization of electric energy in Brazil. It also provides electricity-related services. As of December 31, 2009, the company distributed electricity to approximately 6.6 million customers and had an installed capacity of approximately 1,737 megawatts. It serves principally food and beverage, metal, textile, and chemical industries; residential customers; service-oriented businesses, universities, and hospitals; rural customers; and public and municipal services customers. The company was founded in 1998 and is headquartered in Sao Paulo, Brazil.
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
THINK applauds introduction of bipartisan EV bills
> download THINK applauds introduction of bipartisan EV bills (Word document)
Oslo, Norway, May 28, 2010If passed by the House and the Senate, the Electric Vehicle Deployment Act of 2010 would extend incentives to consumers to buy electric vehicles, provide grants to selected communities to demonstrate widespread deployment of electric vehicles, and provide for additional measures that would support the research, development, deployment, and manufacturing of electric vehicles, charging infrastructure and related technologies.
“The Electric Vehicle Deployment Act is a significant step toward electrifying cars and trucks in the U.S. and reducing dependence on oil,” said THINK CEO Richard Canny. “As shown by the BP spill off the coast of Louisiana, dependence on oil carries massive economic and environmental costs that are unaccounted for until something catastrophic happens.”
“This bipartisan legislation moves the U.S. forward in the global race for sustainability,” continued Canny. “By accelerating the deployment of electric cars and charging infrastructure, the U.S. can take a major step away from oil dependence. Clean electric drive vehicle technology is available right now and is ready for commercial deployment in the U.S.”
Highlights of the Electric Drive Vehicle Deployment Act include:
· Competitive awards of up to $800 million for communities around the country to deploy electric vehicles and related charging infrastructure · Tax credits for up to $2,000 for consumer purchases of EV chargers and up to $50,000 for businesses for installing multiple chargers · Increase of existing rebates for the purchase of electric drive vehicles up to $10,000 · Up to $1.5 billion for battery research aimed at lowering the cost of electric vehicle batteries
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that are currently producing highway-ready, fully electric vehicles for sale – the THINK City. THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
THINK has established a U.S. subsidiary – THINK North America, a stand-alone business that will include manufacturing, product development, sales and distribution. The company has an active application before the U.S. Energy Department under the $25-billion Advanced Technology Vehicle Manufacturing loan program designed to spur development of more fuel efficient vehicles, including pure electric and hybrid electric vehicles. More information about THINK is available at www.thinkev.com.
Jon Harmon (USA)
t: +630.815.6586
e: jon.harmon@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
Brendan Prebo (USA)
t: +313.683.1155
e: bprebo@asgren.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
Electric car maker THINK to drive product and market expansion
> download THINK TO DRIVE PRODUCT AND MARKET EXPANSION (Word document)
Oslo, Norway, May 11, 2010“The new equity round will help THINK take full advantage of the rapid growth of zero emissions vehicles around the world,” said CEO Richard Canny. “The electric vehicle’s time has arrived, and we are ready to take a leading role among the world’s first global EV makers.”
Headquartered in Norway, THINK has raised a total of US$87 million since last August, when it started a new phase of production with strategic partner Valmet Automotive of Finland, and has invested heavily in new product development in Europe and Asia. In January, THINK North America announced a new manufacturing facility in Elkhart, Indiana, and recently completed the initial phase of due diligence for a low-cost, long-term loan with the U.S. Department of Energy (DOE) to help fund the North American expansion.
“This last round of equity marks a powerful vote of confidence by THINK’s investors at a time when world capital markets are under great stress,” Canny said. “Completing our funding requirements will allow us to maintain momentum, accelerate key new initiatives and ensure that we capitalize on our first-to-market advantage.”
The THINK City was the first highway-capable electric vehicle (EV) certified to European safety standards, and it will go on sale in the U.S. later this year. “While other companies have announced future production plans,” Canny commented, “THINK has a proven electric vehicle in mass production today, and the benefit of 30 million miles of real-world EV experience over our 20-year history.”
The investment round was co-led by RockPort Capital Partners, an investment fund co-located in Boston and Menlo Park, Calif., specializing in energy and clean technology, and Ener1 Inc., the parent company of advanced battery manufacturer EnerDel. Rockport Capital and Ener1 each increased its investment in THINK by $12.5 million. All of THINK’s shareholders participated in the equity round.
“Our additional investment reflects our confidence in THINK as exceptionally well-positioned for success with a proven product and leading technology in electric drive systems,” said Wilber James, co-managing general partner of Rockport Capital.
“This is a seminal event for THINK,” commented Ener1 Chairman and CEO Charles Gassenheimer. “THINK’s transformation into a company ideally placed to translate product advantage into market success is undeniable. Ener1 fully intends to invest further resources in THINK.”
THINK also announced two changes to its Board of Directors. Gassenheimer was named Chairman of the Board, effective immediately. Incumbent Chairman Reidar Langmo was named Vice Chairman.
“We welcome Charles’ leadership in his expanded role at THINK as chairman,” Canny said. “He has made it clear to the THINK management team his dedication to accelerate new product development.”
Canny said that with the closing of the equity funding, THINK will now pull ahead right-hand-drive products for markets such as Japan and the UK. He added that innovations to the THINK City will further solidify the company’s leadership in the commuter car sector of the EV market.
Canny detailed several clear marks of progress at THINK:
- The equity round was over-subscribed, indicating the increasing confidence of THINK’s investors in the company’s future success. - Accelerated progress with the DOE for a large-scale production loan to strengthen the company’s positioning in the U.S. - The company’s strategic partner Valmet Automotive is assembling THINK City at the same plant in Finland where it builds the Porsche Cayman and Boxster. - The company is following an aggressive schedule to mount production at its Indiana plant and plans to begin assembling electric vehicles in Elkhart during Q1 2011. - The company will begin selling the THINK City in the U.S. this year. The first cars sold in the U.S. will be built in Finland until production in Indiana gets underway in 2011. - THINK has announced projects to supply EV drivetrain systems to consortiums in Japan with Mazda, Japan Post and Itochu Corporation. With the equity round complete, THINK will further expand its business selling EV drivetrains, Canny said.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that are currently producing highway-ready, fully electric vehicles for sale – the THINK City. THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
THINK has established a U.S. subsidiary – THINK North America, a stand-alone business that will include manufacturing, product development, sales and distribution. The company has an active application before the U.S. Energy Department under the $25-billion Advanced Technology Vehicle Manufacturing loan program designed to spur development of more fuel efficient vehicles, including pure electric and hybrid electric vehicles. More information about THINK is available at www.thinkev.com.
Jon Harmon (USA)
t: +630.815.6586
e: jon.harmon@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
Brendan Prebo (USA)
t: +313.683.1155
e: bprebo@asgren.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
THINK survey shows EV customers willing to trade range for price
LAS VEGAS, May 10, 2010 – Today, electric car maker THINK released results of a customer survey that suggests potential electric vehicle customers would be willing to accept less than 100 miles range—if the price is right.One hundred miles range has long been considered a customer requirement for full-functioning, highway-capable electric vehicles. In a survey of potential electric vehicle customers, THINK found that 50 percent of the respondents would be willing to accept 70-80 miles range, if it reduced the cost of the vehicle by $5,000. The online survey was conducted by a team of MBA students from University of Michigan Ross School of Business.
The survey also indicated that potential electric vehicle customers would be willing to pay more for extended range. Fifty-five percent of the respondents indicated that they would pay a $5,000 premium for an electric vehicle with 150-160 mile range. Only nine percent of potential customers said they were interested in reducing their range below 50 miles for a greater discount.
“Offering different sizes of batteries for different customers is an intriguing idea,” said Richard Canny. “Customer support for it will likely grow as fast charging technology becomes more widespread.” The THINK City electric car, being sold in Europe today and coming to the United States later this year, has a range of 100 miles on a single charge. The company announced in January that it was working with AeroVironment, a leading developer and supplier of electric vehicle charging infrastructure, to promote fast changing project using AV’s level III fast-charge system and the THINK City electric vehicle.
A total of 367 consumers completed the survey. Survey invitations were sent to readers of relevant online blogs and forums; THINK’s Twitter followers; visitors to the EV Pavilion at the 2010 New York Auto Show; U-M alumni in select cities; and Ross School of Business MBA candidates. Respondents were filtered through a series of screening criteria to include only those who are likely to consider an electric vehicle within THINK’s segment. Ninety-four respondents met the criteria and were included in the analysis.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that are currently producing highway-ready, fully electric vehicles for sale – the THINK City. THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
THINK has established a U.S. subsidiary – THINK North America, a stand-alone business that will include manufacturing, product development, sales and distribution. The company has an active application before the U.S. Energy Department under the $25-billion Advanced Technology Vehicle Manufacturing loan program designed to spur development of more fuel efficient vehicles, including pure electric and hybrid electric vehicles. More information about THINK is available at www.thinkev.com.
Jon Harmon (USA)
t: +630.815.6586
e: jon.harmon@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
Brendan Prebo (USA)
t: +313.683.1155
e: bprebo@asgren.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
James Andrew (Europe)
t: +44 7772 534 985
e: james.andrew@thinkev.com
w: www.thinkev.com
tw: http://twitter.com/THINK_EV
THINK marks Earth Day 2010 with the release of CEO Richard Canny's ‘Top 10 myths about electric vehicles - busted!’
> download THINK marks Earth Day 2010 (Word document)
OSLO, Norway 22 April, 2010
Canny’s list of the top ten EV myths, busted, is designed to draw attention to electric vehicles as a clean, environmentally responsible choice for personal mobility, just as Earth Day is marked around the world to inspire awareness and appreciation for the global environment.The THINK City is already on the road in many European markets and goes on sale in the U.S. later this year.
Like all new technologies, misconceptions abound in the EV space. Here are Canny’s top 10 EV myths, busted:
1.“You are just moving the pollution out of the cities to the countryside.”
Busted: Electric vehicle motors are three-to-five times more efficient than gasoline-powered vehicles.. While it’s best to power EVs from renewable energy sources (which are growing quickly), the efficiency of EVs makes them cleaner, producing less carbon, under any situation – even when they are charged using coal-fired electricity
2.“Customers will never buy a car with less than a 200 mile range.”
Busted: So-called ‘range anxiety’ diminishes when people get used to driving EVs on a daily basis. It’s just like charging a cell phone overnight. You plug it in, and in the morning it’s ready to go, fully charged. As more EVs hit the road, businesses and cities will add charging points to encourage EV use. And THINK recently announced a new standard for fast charging—zero to 80% charged in just 15 minutes-- to help cover those rare situations when an EV will be needed to cover more than 100 miles in a single day.
3. “The battery won’t last.”
Busted: EV batteries are designed to last at least 10 years and more than 100,000 miles. THINK has cars on the road in Europe with batteries approaching the 10-year mark and brings that experience to modern Lithium ion batteries to ensure they meet or exceed that target.
4. “You’ll need to build a lot more power plants.”
Busted: Actually, there’s enough off-peak electricity in the U.S. to power 79% of U.S. driving demand. . As more EVs are deployed, it’s important to ensure that the smart-charging (time-based charging management) and vehicle-to-grid connectivity progresses as well. A connected network of millions of micro energy storage devices – which EVs would become – provides significant opportunities to improve the stability and performance of electric grids and better balance peak demand.
5. “We’re going to run out of Lithium – and isn’t it poisonous?”
Busted: Lithium carbonate today comes from dried salt lakes in South America (Chile, Argentina and Bolivia) and China. There are also other huge sources for lithium, although these are more expensive to develop. Lithium can even be extracted from salt water and projects are under way to do this. The industry will not have a shortage of lithium for the next decade. It is also possible that new battery technologies will be based on other light metals like Zinc or Nickel.
Lithium from used batteries will be recycled in dedicated recycling plants. Lithium batteries contain no poisonous heavy metals like lead in lead-acid batteries or cadmium in NiCd batteries.
6. “The infrastructure has to come first.”
Busted: In our experience working with more than 20 cities across Europe, the best way to deploy EVs is to get cars on the road first, then add infrastructure. If there’s no EVs to use those plugs and parking spots, people see it as wasteful. We think infrastructure is a small part of good policy at a federal, regional and local level to support EV early adopters.
7. “They’re not safe.”
Busted: Highway-certified EVs like the THINK City meet all the same safety and crash test requirements as regular production cars with some important extras. For example, new European Union regulations require EVs to conform to the European CE electrical standards for plugged-in appliances, with the toughest electrical safety requirements. THINK City is the first to meet those requirements.
8. “The technology is too complicated.”
Busted: A modern electric car has only about five main moving parts compared with hundreds in an internal combustion engine. There are no regular visits to the dealership for an EV. No oil changes, no filters – even brake pads last two-to-three times longer than in conventional cars, because EVs like the THINK City use regenerative braking to recapture the energy that would otherwise be lost while braking. Your first trip to the dealership with an EV for scheduled maintenance is at 40,000 miles to check the brake pads. Eventually, you’ll need new wiper blades and tires. But that’s about it!
9. “Fast charging EV batteries in 15 minutes will wear them out quickly.”
Busted: Modern prismatic lithium batteries can be developed with fast-charging in mind – like THINK’s EnerDel battery solution. The critical technology is in the cell design to manage battery temperature during charging. Limiting fast charging to the 0-80%range also protects battery life. THINK’s view is that 95%or more of all EV miles will be driven on EVs charged during overnight off-peak periods when electricity is cheaper and readily available. Fast charging locations provide reassurance and peace of mind for those occasional days where more than 100 miles are required.
10. “Plug in hybrids represent the best solution.”
Busted: Carrying around the extra weight and cost of two powertrains makes little sense. In some ways, a ‘hybrid garage’ (where one car is an EV and the other a relatively fuel-efficient ‘normal car’) is probably most economical for a typical family For a small urban commuter car like the THINK City, an EV drive with a relatively small battery pack and low weight makes the best sense. As plug-in hybrids get bigger and heavier, they need more batteries and stronger gas- or diesel-powered generators or engines. It becomes a ‘vicious circle’ of more cost and more weight to achieve acceptable range and performance in both modes.
THINK CEO Richard Canny is a motor industry veteran with 25 years previous experience at Ford Motor Company. He has held key international leadership roles across every major automotive manufacturing continent, with positions including President-Ford South America and Director of Strategic Planning for Ford globally.
The latest generation THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds and cover 160 kilometers on a single charge (via any 220V household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. First customer deliveries are taking place across Europe in selected key EV markets such as Denmark, The Netherlands, Norway, Spain, Sweden and Austria.
THINK also recently announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana.
Power companies lead the charge in electric vehicle adoption across Europe
> download Power companies lead the charge in electric vehicle adoption across Europe (Word document)
Oslo, Norway, 14 April 2010 Spanish power company, Red Electrica (www.ree.es), has been testing the THINK City since the beginning of the year, and reports a very successful and productive experience with the vehicle around the city of Madrid among over 150 of its employees.
This arrangement with Red Electrica follows fleet contracts with electricity companies in other key EV markets, such as Liander in The Netherlands, Ringeriks-Kraft, Tronheims-Energi and Sundal Energi in Norway and Vattenfall Energi, Fortum and Gavle Energi in Sweden, who are already taking delivery of their first fleets from THINK; with other utility providers in Austria, Germany and France also in the process of selecting THINK EVs. Together, this puts electricity suppliers among the biggest customers of the world’s first urban pure battery electric vehicle, the THINK City.
Red Electrica’s Susana Bañares said: “We tested the THINK City for a period of several days earlier this year and over 150 of our employees drove the vehicle – in response to a ‘Drive an EV’ promotion we ran within the company. The response from our workforce to the THINK City has been overwhelmingly positive, with nearly all saying that they were ‘more than satisfied’ with the car. Many also commented on the fun of driving the THINK City – with its rapid acceleration and other user benefits such as the low cost per kilometre, zero-emissions and the overall silent and stress-free driving experience.”
THINK CEO, Richard Canny, added: “It makes sense really that some of our best customers are the largest suppliers of the very resource that powers our vehicle, and it is very reassuring that they – clearly the experts in the field of electrification – are universally giving the THINK City such a significant vote of confidence.”
The latest generation THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds and cover 160 kilometers on a single charge (via any 220V household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. First customer deliveries are taking place across Europe in selected key EV markets such as Denmark, The Netherlands, Norway, Spain, Sweden and Austria.
THINK also recently announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana.
THINK to begin selling City electric car in New York
> download THINK IN NEW YORK (Word document)
THINK and the local chapter of the U.S. Department of Energy’s Clean Cities are working together to bring the THINK City electric vehicle to customers in New York.
“New York is a logical early market for the THINK City in the U.S.,” said THINK CEO Richard Canny. “New York ranked third on our EV-Ready Cities Index based on the great fit of EVs to city driving and the strength of state and local government support.”
Today, New York City officials and several New York fleet operators got their first look at the new THINK City vehicle at a drive event on Pier 7 in Brooklyn. The event gave city officials a chance to test drive the zero-emission electric car. The sophisticated lithium-ion battery system that gives the car its range and reliability is made in the U.S. by New York’s own Ener1, Inc., one of the city’s leading clean technology companies.
“Use of EVs will provide a clean, cost effective alternative to the use of gasoline powered light-duty vehicles by public and private fleets,” said Christina Ficicchia Executive Director of the New York City Lower Hudson Valley Clean Communities. “We are excited to work with THINK North America, a U.S.-based manufacturer of electric vehicles; and support incentives for clean transportation.”
A company representative drove a THINK City electric car inside a sealed plastic bubble today in Brooklyn to underscore its pristine operations as a truly zero emission vehicle.
"Don't try doing that with a conventional vehicle," said Canny, alluding to tailpipe pollutants that would quickly make the air inside the bubble dangerously unhealthy. "THINK City will be a perfect replacement for any number of vehicles the city uses – helping to ensure the air is clean for city residents and workers alike." New York was tied with Chicago in the EV Ready-City Index released by THINK in January. THINK developed the index to measure which markets are most likely to begin and benefit from the transition to electric vehicles.
New Yorkers can see the THINK City in the EV Pavilion at the New York International Auto Show at the Javits Center April 2-11.
THINK City is a purpose-built, all-electric car designed for urban environments. It is capable of highway speeds and can travel more than 100 miles on a single charge with zero local emissions. THINK City is currently in production in Finland and sold in select European markets. The company recently announced plans to begin manufacturing the THINK City in Elkhart, Ind. beginning in early 2011.
PlaNYC, the City’s comprehensive sustainability plan, established an aggressive strategy to reduce the City’s greenhouse gas emissions in 2030 by 30 percent from 2005 levels. As part of that overall goal, transportation emissions, which currently account for 22 percent of New York City’s total greenhouse gas emissions, would be reduced by 44 percent by 2030. Electric vehicles are an excellent strategy for both the City fleets and the private vehicles operating within the City’s borders.
For more information contact
Jon Harmon (USA)
t: +630.815.6586
email jon.hramon@thinkev.com
Brendan Prebo (USA) t: +313.683.1155 email bprebo@asgren.com
James Andrew (Europe) t: +44 7772 534 985 email james.andrew@thinkev.com
THINK announces new state of the art production development facility
> download March 22nd (Word document)
Oslo, Norway, 23 March 2010 – The company’s 70-strong team of product development engineers and technicians will shortly move into the new facility at IT Fornebu. The fully integrated development centre will offer the pioneering THINK team cutting-edge facilities including a dedicated climate chamber, dynamometer, rolling road, clean room and several prototype laboratories for electrical and hardware development.
The THINK development centre will be located at the heart of the company’s expanding corporate headquarters in Oslo, and will benefit from short communications lines for project leaders from across the company’s functions, such as supply chain, marketing sales and service and finance – who will all be located within the same facility for the first time.
THINK CEO Richard Canny, said: “This move to our brand new development centre builds upon the continued strengthening of the pioneering THINK EV product development team, with new staff being recruited right now to continue and enhance the development of our world-class EV drive-train systems, vehicle control software and EV design. We aim to take on 30 to 50 new staff during the course of the next twelve months who will focus on the future development of the THINK City vehicle.” The latest generation THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds and over 160 kilometers on a single charge (via any 220V household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. First customer deliveries are taking place across Europe in selected key EV markets such as Denmark, The Netherlands, Norway, Spain, Sweden and Austria.
THINK also recently announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indianapolis.
for more information please contact
James Andrew
Tel: +44 7772 534 985
Email: james.andrew@thinkev.com
THINK starts distribution operations in Austria
> download THINK AUSTRIA (Word document)
Vienna, Austria, 24 February 2010. The Denzel group is a leading multi-brand automobile distributor and provider of innovative total mobility solutions in Austria. The THINK brand joins the group’s existing autos portfolio, which includes Mitsubishi, Volvo, BMW, Mini, Hyundai, Jaguar, Land Rover, Fiat, Alfa-Romeo, Lancia and Ferrari.
Distribution and servicing of THINK vehicles in Austria will be handled by the newly formed Denzel Group company, Electro Drive Denzel GmbH, under the stewardship of managing director, Michael Roeck.
Long-time Denzel Group manager, Roeck says: “We have handled some limited THINK City sales in Austria over the last 18 months, and with those we have on the roads today there have been no complaints whatsoever – either mechanical or customer satisfaction related – these are truly excellent, safe and reliable urban vehicles. Demand here for the THINK City is very high, and we expect to exceed our sales forecasts for 2010.”
THINK CEO, Richard Canny, added: “Denzel Group has a long proven history in autos distribution in Austria at the very highest levels. One only has to look at their brand portfolio to see that this is a successful and trusted marketer of some of the world’s best-known auto brands. THINK is proud to be marketing the THINK City alongside these household names and working in partnership with the Denzel Group in Austria.”
The THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds for some 160 kilometers on a single charge (via any 220V household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. First customer deliveries are taking place across Europe in selected key EV markets such as Denmark, The Netherlands, Norway, Spain, Sweden and now Austria.
THINK also recently announced plans to establish a U.S. production facility during 2010 in Elkhart County, Indianapolis.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
About Wolfgang Denzel Auto AG
Wolfgang Denzel Auto AG is a leading multi-brand automobile distributor and provider of innovative total mobility solutions in Austria. With an annual turnover of around €450 million and over 1,000 employees, Denzel is among Austria’s biggest and most valued companies.
For further information please contact
James Andrew t: +44 7772 534 985A e: james.andrew@thinkev.com
THINK welcomes Amsterdam's € 3 million electric transport subsidies
> download THINK NETHERLANDS (Word document)
OSLO, NORWAY, 17 February 2010. A project fund of €3 million is available for grants to entrepreneurs and companies in the city who wish to replace their existing ICE vehicles with pure electric vehicles. Grants are available to cover up to 50% of the additional costs of buying EVs, which currently cost a little more than conventional ICE vehicles.Grants available are as follows:
Up to €15,000 available to buy a single EV
Up to €25,000 available to buy a single EV van
Up to €45,000 available to buy a single EV truck or taxi
Up to €250,000 available to buy fleets of 20 vehicles or more
THINK CEO, Richard Canny, says: “This project from Amsterdam City Council stands out as the most forward-thinking of initiatives in the electric vehicle sector across the whole of Europe. Business and enterprise is at the heart of any major city, and targeting this sector with such generous subsidies we think will change the face of business transport in the city. We are increasing our EV sales forecasts in the Netherlands on the back of this announcement, and urge other forward-thinking, green European cities to follow Amsterdam’s lead with this marvelous initiative.”
The THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds for some 160 kilometers on a single charge (via any 220V household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has been through extensive testing and validation and several hundred computer simulations and correlations.
European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. First customer deliveries are taking place across Europe in selected key EV markets such as Austria, Denmark, The Netherlands, Norway, Spain and Sweden.
THINK also recently announced plans to establish an American production facility in Indianapolis, USA.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that are currently producing highway-ready, fully electric vehicles for sale – the THINK City. THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
For more information, please contact
James Andrew
t: +44 7772 534 985
email james.andrew@thinkev.com
THINK releases U.S. EV-ready index
> download THINK US EV READY (Word document)
WASHINGTON, DC, Jan. 28, 2010. The THINK EV-Ready Cities Index was presented by THINK CEO Richard Canny at the Electric Drive Transportation Association Annual Conference and Meeting at the Washington Auto Show. The company recently announced plans to manufacture the THINK City electric car in Elkhart, Ind. with U.S. production slated to begin early next year.
San Diego, Portland and Sacramento were rated fifth, sixth and seventh putting four cities in California in the top-15 index. Rounding out the top ten were Newark, Seattle and Atlanta. The remaining cities included Denver, Boston, Washington, DC, Philadelphia and Phoenix.
THINK developed the EV-Ready Cities Index to measure which markets are most likely to begin and benefit from the transition to electric vehicles, providing an objective comparison of the EV purchase and usage incentives as well as the market fit for EV’s.
“We expect that the roll-out of EV’s to the U.S. market will be quite focused in the early stages. Some cities are more likely to be early adopters of EV technology, and the EV-Ready Cities Index will be a helpful tool to guide and prioritize the development of those markets. It reflects the available government support, consumer acceptance, and the opportunity for EVs to provide the maximum benefits possible from electric drive,” Canny said. “Since EVs are a unique solution for congested urban environments, we are taking a city-by-city approach rather than a national or state-by-state approach.”
The THINK EV-Ready Cities Index takes into account purchase and usage incentives – such as HOV lane access and infrastructure support – for electric vehicles as well as market fit, which includes factors such as hybrid sales, traffic congestion, EPA non-attainment zone status (air quality), and potential lower-carbon energy sources for vehicle recharging. The index was compiled for THINK by ASG Renaissance, a market research and business services firm located in Dearborn, Mich.
The U.S. EV-ready index mirrors one THINK developed for targeting markets in Europe, which recognized Oslo, Copenhagen and Amsterdam as the top-three markets. The company plans to continue to monitor EV-ready factors and periodically update and release its index.
“Ideally, we would like the THINK City to be available throughout the U.S. next year, but in our early commercialization phase, it is important that we first establish a strong concentration of sales in key, highly attractive markets, which support early adoption of sustainable, zero emissions transport solutions,” Canny said.
THINK plans to begin selling the THINK City, which will have a top speed of more than 70 miles per hour and a range of more than 100 miles per full charge, in target U.S. cities beginning this year.
THINK EV-Ready Cities Index scorecard
| City | Purchase/Usage Incentives | Market Fit | Overall Score |
|---|---|---|---|
| Los Angeles | 5.75 | 3.75 | 9.50 |
| San Francisco | 5.75 | 3.25 | 9.00 |
| Chicago (tie) | 5.75 | 2.15 | 7.95 |
| New york (tie) | 5.75 | 2.15 | 7.90 |
| San Diego | 5.75 | 2.00 | 7.75 |
| Portland | 5.55 | 1.95 | 7.50 |
| Sacramento | 5.75 | 1.50 | 7.50 |
| Newark | 4.85 | 2.15 | 7.00 |
| Seattle | 3.30 | 3.25 | 6.55 |
| Atlanta | 4.85 | 1.20 | 6.05 |
| Denver | 4.65 | 0.80 | 5.45 |
| Boston | 2.40 | 1.90 | 4.30 |
| Washington DC | 0.80 | 3.05 | 3.85 |
| Philadelphia | 1.70 | 1.90 | 3.60 |
About THINK
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that are currently producing highway-ready, fully electric vehicles for sale – the THINK City. THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
THINK has established a U.S. subsidiary – THINK North America, a stand-alone business that will include manufacturing, product development, sales and distribution.
For more information contact
Jon Harmon (USA)
tel +630.815.6586
email jon.harmon@thinkev.com
Brendan Prebo (USA)
tel +313.683.1155
email brepo@asgren.com
James Andrew (Europe)
tel +44 7772 534 985
email james.andrew@thinkev.com
Zero to 80 Percent in 15 minutes New Benchmark for EV Fast-charging
> download zero to 80% in 15 minutes (Word document)
THINK today announced that it will work with AeroVironment, Inc. (AV), a leading developer and supplier of electric vehicle charging infrastructure, to pursue demonstration and commercial projects using AV’s level III fast-charge system and the THINK City electric vehicle. The projects will be designed to jump-start the development of fast-charge infrastructure in the US.
WASHINGTON, D.C., Jan. 26, 2010 The announcement came at a 15-minute news conference at the Washington Auto Show. Fifteen-minutes is the time it will take to charge a THINK City from completely depleted to 80 percent charged using an advanced fast-charge system, establishing a new benchmark for the rapidly developing electric vehicle industry.
“THINK and AeroVironment are setting a new standard for extremely quick re-charging – zero to 80 percent in just 15 minutes,” said THINK CEO Richard Canny. “This is a major leap forward for electric vehicles. The development and deployment of very-fast-charge stations will help speed the electrification of automobiles in the United States and globally.”
“For electric vehicles to achieve broad adoption as a practical alternative to gasoline-powered cars, safe, reliable and accessible charging infrastructure is necessary,” said Michael Bissonette, AV senior vice president and general manager of its Efficient Energy Systems business segment. “Our portfolio of true fast-charge systems, commercial opportunity charge stations, and overnight home charge stations will help drivers integrate electric vehicles, such as the THINK City, into their lives and realize the benefits of zero emission transportation.” THINK also announced that it has chosen EnerDel, the Indiana-based lithium ion battery manufacturer, to be the exclusive battery supplier for THINK City electric vehicles sold in the U.S. through 2012. EnerDel also will supply at least 60 percent of the batteries for THINK City electric vehicles sold in Europe.
“EnerDel has developed an extremely energy-dense lithium ion battery for the THINK City,” said EnerDel President Rick Stanley. “This battery has been designed from the earliest stages of cell development to accommodate the surge of current required for a new standard of rapid charging.”
The AV level III fast-charge system employs a protocol developed by Tokyo Electric Power Company (TEPCO). THINK and EnerDel have for several months been using TEPCO fast charging daily to quickly recharge development vehicles. This work has confirmed the suitability of the fast-charge technology and readiness for commercialization.
THINK City, to be sold in the United States beginning this year, will have a top speed of more than 70 miles per hour and a range of more than 100 miles per full charge. THINK City has an onboard AC charger that can be coupled with an economically priced 220-volt THINK home charging station to provide overnight charging for the vehicle. It can also be charged using 110-volt current on a regular household outlet. The fast-charge system will be a supplementary alternative for customers’ added sense of security and for fleets with daily mileage requirements exceeding the car’s range.
“Our experience with more than 1,500 vehicles in use in Europe is that customers using the vehicle for daily commutes and trips around town quickly become comfortable with THINK City’s range of more than 100 miles,” Canny said. “For them, the standard over-night charging is a very practical solution. Fast charging’s importance will be for high-use fleets.”
THINK recently announced plans for a North American manufacturing facility in Elkhart, Indiana, where the company will build the THINK City beginning early in 2011. The new facility will be in addition to THINK’s current manufacturing capability in Finland, where it has contracted with Valmet to build the THINK City. THINK expects commercial fleet customers in the U.S. to be among the first users of the fast-charge system, but also anticipates that commercial enterprises – including shopping malls, convenience stores and parking garages – will quickly see the value in offering fast-charging services for their customers as a way to grow business and to demonstrate environmental responsibility.
About THINK:
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that are currently producing highway-ready, fully electric vehicles for sale – the THINK City.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
THINK has established a U.S. subsidiary – THINK North America, a stand-alone business that will include manufacturing, product development, sales and distribution. The company has an active application before the U.S. Energy Department under the $25-billion Advanced Technology Vehicle Manufacturing loan program designed to spur development of more fuel efficient vehicles, including pure electric and hybrid electric vehicles.
About AeroVironment, Inc.
Building on a history of technological innovation, AV designs, develops, produces, and supports an advanced portfolio of Unmanned Aircraft Systems (UAS) and efficient electric energy systems. Agencies of the U.S. Department of Defense and allied military services use the company’s battery-powered, hand-launched UAS to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance, and target acquisition. AV’s clean transportation solutions include power cycling and test systems and industrial electric vehicle charging systems for commercial and institutional customers, as well as EV home chargers and EV fast chargers for consumers. More information about AV is available at www.avinc.com. About EnerDel:
EnerDel, a subsidiary of Ener1, Inc. (Nasdaq: HEV), develops and manufactures compact, high performance lithium-ion batteries to power the next generation of hybrid, plug-in hybrid and pure electric vehicles. Led by an experienced team of engineers and energy system experts, the company is building proprietary innovations based on technology originally pioneered at the Argonne National Laboratory.
EnerDel produces its batteries at its state-of-the-art facilities in Indianapolis, Indiana, and is expecting to be the first company to mass-produce a cost-competitive lithium-ion battery for hybrid and electric vehicles. In addition to the automobile market, applications for EnerDel lithium-ion battery technology include medical, military, aerospace, electric utility and other growing markets.
For more information contact
Jon Harmon (USA) t: +630.815.6586 email jon.hramon@thinkev.com
Brendan Prebo (USA) t: +313.683.1155 email bprebo@asgren.com
James Andrew (Europe) t: +44 7772 534 985 email james.andrew@thinkev.com
THINK continues global expansion with new U.S. assembly facility
> download THINK US PRODUCTION (Word document)
OSLO, Norway, 5 January 2010 The pioneering global manufacturer of electric vehicles plans to begin selling the THINK City, one of the world’s first highway-capable urban EVs, in the U.S. later this year. The company plans to invest $43.5 million in building improvements and equipment in Elkhart County, and the plant could begin assembling vehicles in early 2011.THINK’s investments in Elkhart County will support manufacturing capacity for more than 20,000 vehicles a year. The company started delivering the latest generation of its THINK City model to customers in Europe last month.
The THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds for more than 100 miles on a single charge with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has been through extensive testing and validation and several hundred computer simulations and correlations.
European production of the THINK City is already underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Porsche Boxster and Cayman models for Porsche AG. Production will continue at Valmet Automotive to support European market demand, where sales have begun in selected key EV markets such as Austria, Denmark, The Netherlands, Norway, Spain and Sweden. THINK CEO Richard Canny, said: “We are extremely pleased to announce plans for a second THINK production location today. Things are moving very swiftly for the company in Europe following the start of production in Finland and the subsequent start of sales at the end of last year. Now its time for us to do the same in the North American market – and there’s no better place to start than Indiana.”
He continued: “Indiana is quickly becoming an international leader in advanced, clean technology manufacturing. It’s an industry with a future, and EV’s are right in the center of the convergence of where the auto and energy sectors are heading. We’re proud to be part of this effort to reinvent and reinvest in U.S. auto manufacturing.”
THINK is joining Indianapolis-based lithium-ion battery maker, EnerDel in choosing Indiana for a North American manufacturing location. Ener1, the parent company of Enerdel, is a 31% equity stakeholder in THINK. In addition to incentives provided by the State of Indiana and Elkhart County, THINK plans to utilize funding from the U.S. Department of Energy ATVM loan program to establish its new production facility.
Photo: Indiana governor Mitch Daniels (left) and THINK CEO Richard Canny.
About THINK
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.
For further information please contact
James Andrew t: +44 7772 534985 email james.andrew@thinkev.com