Think Announces US Factory
Now it’s official, Think will build its factory in Elkhart County, Indiana. The company will invest $43.5 million in buildings and equipment, as they expect to build their first cars in early 2011. The plant is supposed to have a capacity of 20,000 vehicles each year, all of which will be dedicated to the North American market.
“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,” said Think CEO Richard Canny.
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 City is an all-electric car which is able to travel at highway speeds for more than 100 miles on a single charge. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements.