Electric Car Company filing for bankruptcy | Electric Cars and Hybrid Vehicle - Green energy

Electric Car Company filing for bankruptcy

24 Мар 2014 | Author: | Комментарии к записи Electric Car Company filing for bankruptcy отключены
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Electric Car Company filing for

Think Global, the electric car has filed for bankruptcy at its North unit in northern Indiana. Norwegian Company has decided to down its assets, agreeing to the from its battery supplier Inc. It was the fourth time the car manufacturer got filed for bankruptcy.

The years long deal by Ener1 with the Think telling that their got impaired.

In October 2007, Ener1 and Global made the largest in the automotive industry.

According to the made by the two companies, Ener1 to deliver the sample packs of Ion batteries to Think Global by 2008 and the pre-production packs of Ion batteries by July 2008. expected a purchase of batteries of $70 between 2008 and 2010, a total value of the contract $200 million. In the first of this year they met a loss of $59.4 million due to the of operations of the Think Global vehicle manufacturer.

When the losses increased, decided to cancel the investments Think Global electric car thus gave an end for the long year partnership with the auto manufacturer.

Think is an electric car manufacturer in Oslo, manufactures vehicles under brand. The company originally in the year 1991 with (Personal Independent Vehicle They manufactured some vehicles named PIV2, the chassis built of aluminum.

Followed by PIV2, PIV3 to the market. After that developed the true electric PIV4, also called The vehicles roof was made of and the body made of steel. Top of Think’s models was 96kmph. the produced models were and the finances had dried up, in 1999 took Think Global and the production of Think City


Ford gave up the company in 2003 when the vehicle changed in California.

It was found the company have charged for than $32 million unpaid The company has got unexpected losses in year and they couldn’t the sales target in the North market. Thus Ener1 its focus of battery selling to the vehicles and announced a deal a Russian company.

They were trying for the future for the manufacturing works. Ener1 made the deal the JSC Mobile GTES, a subsidiary of the Grid Company on June 16.

of the publishers and editors are telling the Think car will become a footnote. Some of the strong are rising up in the market and they put down the Think Global.

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