Norway electric carmaker to build in Indiana

[rickaren]

Norway electric carmaker to build in Indiana

Posted on Wednesday, November 18th, 2009 at 1:46 PM EST. (Employee News)

Norwegian electric car maker Think Global is gearing up to launch its vehicles in the United States and has picked a site in Indiana for its U.S. manufacturing facility, a major investor in the company said on Tuesday, Reuters reported.

The exact location and other details will be announced in a few weeks, said Charles Gassenheimer, chairman and chief executive of lithium-ion battery maker Ener1 Inc., which has a 31 percent stake in Think Global, the news service said. Think had said previously it was exploring the opportunity to launch its vehicles in the United States and was considering opening a new U.S. manufacturing plant and technical center, Reuters noted.

Gassenheimer declined to give more details on Think’s plans in the U.S. market, but said the carmaker has applied for a U.S. government loan under a program set up to encourage production of fuel-efficient vehicles, the article said. Think will now relaunch its Think City all-electric vehicle, which can travel up to 112 miles on a single charge, in Europe with initial production of about 5,000 units, Gassenheimer said in the story. (Reuters)