Th!nk Chooses Indiana as Site of U.S. Electric Car Factory [Updated: Maybe Not]

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Update 11/19/2009, 9:00 AM Pacific Time: According to Th!nk’s Twitter feed, Indiana has not been officially chosen, saying “We’re moving toward completing our US site selection — but it will take another week or two to finalize the location. Stay tuned…” Apparently other states, such as Oregon, are still in the running. Whether this is a genius marketing ploy to increase interest, or simply a misstep by Ener1, we’ll have to wait and see.

Norwegian electric car maker, Th!nk, has seen some rough financial patches as of late—having gone through a bankruptcy and restructuring—but they seem to be clawing their way back to relevance these days. With a long wait list and more demand for the Th!nk City than they can meet in Europe, think has once again turned their eyes on the U.S. market.

Last year, Th!nk USA had been mulling over its options for places to site a new U.S. factory. During post-bankruptcy reorganization, Th!nk received $47 million of investment from a variety of companies, the largest amount of which came from Indiana battery supplier, Ener1. It should come as no surprise then, that, according to a Reuters interview with Ener1’s CEO, Charles Gassenheimer, Th!nk has chosen Indiana as the site for their EV factory.

According to the Reuters story, Gassenheimer also spilled the beans on Th!nk’s application for U.S. Federal next generation automotive development loans—presumably to help build the factory and electric cars.

The exact location of the Indiana factory as well as further details will be announced in the next few weeks.

On a personal level, I sure hope that Th!nk can pull this one out. I’d love to actually see their Ox electric car concept make it to production.

Source: Reuters

Image Credit: Th!nk

 

Nick Chambers

Not your traditional car guy.