Norwegian electric vehicles manufacturer Think took an important step this week towards the globalization of its City Car EV, as it has signed an investment agreement with the ITOCHU Corporation which will allow it to enter the Asian market.
ITOCHU, who already owns a stake in Think, has been working with the City EV powertrain since last year in demonstration programs. The tests were carried out using converted Mazda2 vehicles.
Following their successful completion, the Japanese corporation decided to take the partnership to a whole new level.
“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,” Masahiro Okafuji, ITOCHU Corporation CEO said in a statement.
Think vehicles are currently being equipped with the G4 power electronics system and motor assembly. One of the most advanced such systems available today, the powertrain provides enhanced technical safety, improved real world vehicle range, efficiency gains and manufacturing cost reduction.
Its main attribute remains however the plug and play nature of it, a feature which will allow Think to source it to other electric vehicle manufacturers as well.
"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," Richard Canny, Think CEO said about the technology.
ITOCHU, who already owns a stake in Think, has been working with the City EV powertrain since last year in demonstration programs. The tests were carried out using converted Mazda2 vehicles.
Following their successful completion, the Japanese corporation decided to take the partnership to a whole new level.
“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,” Masahiro Okafuji, ITOCHU Corporation CEO said in a statement.
Think vehicles are currently being equipped with the G4 power electronics system and motor assembly. One of the most advanced such systems available today, the powertrain provides enhanced technical safety, improved real world vehicle range, efficiency gains and manufacturing cost reduction.
Its main attribute remains however the plug and play nature of it, a feature which will allow Think to source it to other electric vehicle manufacturers as well.
"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," Richard Canny, Think CEO said about the technology.