The woes of battery maker Ener1 keep piling on. Following on the heels of its loss on electric car maker Think, the company’s CEO stepping down, and its planned restatement of its earnings, Ener1 has now officially been delisted from the Nasdaq. Read More »
Cleantech
Battery maker Ener1 already was forced to write down a $59.4 million impairment charge for its investment in electric vehicle maker Think. But now it’s time for Ener1 to report its latest earnings and the Think problem is still weighing down the company. Read More »
Just how many times can a company emerge from the ashes of bankruptcy? For Norwegian electric car maker Think Automotive, it plans to rise from at least its third bankruptcy after announcing that Russian investor Boris Zingarevich has bought the assets of the company. Read More »
The supply of batteries for electric cars could far surpass the demand for electric vehicles over the next few years, estimates Lux Research. It could be a “severe mismatch,” that could cause consolidation and the need for new markets for battery makers. Read More »
Norwegian electric car maker Think just veered off the bumpy road it had been driving on, and fell square into a ditch. Think has filed for bankruptcy proceedings in Norwegian courts. Read More »
Lithium-ion battery maker Ener1, which held a 48 percent stake in electric car maker Think, says partly because Think has halted production of its electric cars, Ener1 has written down a $59.4 million impairment charge for its Think investment. Read More »
Twenty-year-old Norwegian auto maker Think is kicking off the U.S. market this morning by delivering its first U.S.-made Think City’s to the state of Indiana for a government fleet. Read More »
A variety of auto makers are vying for the second car market for electric vehicles, so instead of competing head-to-head with traditional car makers for an internal combustion engine replacement, they’re offering EVs as second and even third cars. Read More »
Norwegian electric car maker Think has been slowly unveiling details about its plans to sell the Think City in the U.S.: At $34,000 (before subsidies) it’ll be available via 3 to 5 stores in San Francisco, Southern California, New York, Washington DC and Indianapolis. Read More »
For Scandinavian electric car maker Think, the moment of truth for its U.S. ambitions could be a mere months away. When it comes to financing a planned factory in Indiana, Think’s CMO Michael Lock told us that everything rides on federal support. Read More »
Through a partnership with Japan’s conglomerate Itochu, EnerDel, is a subsidiary of Ener1, is the exclusive battery supplier for Think City electric vehicles, and has been building a battery factory in Indiana with the help of funds from the U.S. Department of Energy. Read More »
How much is an electric car maker worth? Some of the world’s largest automakers have invested significant sums into plug-in vehicle development efforts, but Tesla’s IPO gives us the first real glimpse of how the market values an electric vehicle business. Read More »
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