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The EnerDel Lithium-Ion battery on the THINK City production line at Valmet Automotive in Uusikaupunki, Finland.

Abstract:
THINK, the Scandinavian electric vehicle maker, makes a further stride towards mainstream volume production this week with the first introduction of award-winning lithium-ion batteries to THINK City EVs in Europe.

First lithium-ion battery THINK City EVs enter production

Oslo, Norway | Posted on June 21st, 2010

THINK and Ener1 have been in active partnership for a number of years, developing and perfecting the match between THINK’s industry-leading EV drive system and the award-winning Ener1 lithium-ion battery technology supplied by Ener1 subsidiary, EnerDel. The result is Ener1’s development of a dedicated 22kWh battery system for the THINK City – the first pure electric vehicle of its kind to use this new generation technology.

With this cutting edge battery in place, THINK, in partnership with EnerDel, is well placed to further develop global business-to-business opportunities with its proprietary integrated electric drive-train, which is already being tested in Asia by the Japan Postal Service, and by Mazda as part of a Itochu Corporation-led sustainability project in Tsukuba, Japan.

THINK CEO, Richard Canny, said: “THINK’s adoption of Ener1’s battery technology is going to allow us to scale up much more quickly in Europe and also be ready to enter the US market later this year. The volume production of these batteries now underway at Ener1 opens the door for THINK to finally enter higher scale production, now that battery supply constraints are behind us. Not only does Lithium-ion offer all sorts of advantages at the customer level, it also opens up the potentially massive business-to-business market for us as well, which will result in significant volume expansion and international growth for THINK.”

Chris Neal, Director of Engineering at THINK, added: “Ener1’s Lithium-ion technology is a true market leader and an innovation in the EV sector. Thanks to their prismatic design, Ener1 batteries offer solutions that are lightweight, better packaged and smaller, yet with much greater available power and energy density than other technologies. Crucially, fast-charging becomes a possibility with EnerDel batteries, as proven in early tests done by THINK and Ener1, where the battery can be charged up to 80% of its capacity in just 15 minutes. The volume introduction of Lithium-ion is a big step forward for THINK and the EV industry as a whole.”

Ener1 Chairman and CEO, Charles Gassenheimer, who also serves as Chairman of the THINK board of directors, concluded: “The EnerDel THINK partnership combines a cutting-edge lithium-ion battery solution with the most sophisticated EV drive-train in the world, leading the industry with a road-ready electric vehicle solution available for purchase today.”

He added: “Our ancillary drivetrain business, stripping out THINK’s drivetrain technology and combining with the EnerDel solution, is particularly powerful, allowing an impressive time-to-market advantage for third parties. Ener1 continues to leverage its relationships, such as ITOCHU with the Japan Post and the new Ener1-Wanxiang joint venture, to create compelling new revenue opportunities for both companies.”

The latest generation THINK City is a purpose-built, all-electric car designed for urban environments. It can travel at highway speeds and cover 160 kilometers on a single charge (via any conventional household outlet), with zero local emissions. It is the world’s first EV to be granted certification with the European CE conformity mark and EU homologation requirements (M1 certificate). To achieve these exacting standards, the THINK City has successfully completed very thorough testing and validation procedures.

European production of the THINK City is underway in Finland with manufacturing partner Valmet Automotive, which also assembles the Boxster and Cayman models for Porsche AG. First customer deliveries are taking place across Europe in selected key EV markets such as The Netherlands, Norway, Spain, Sweden, Austria and others.

THINK also recently announced plans to establish a U.S. production facility during 2011 in Elkhart County, Indiana, and is working with Japanese partner Itochu on developing operations in Asia.

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About THINK
THINK is a pioneer in electric vehicles and a leader in electric vehicle technology, developed and proven over 19 years. It is one of the few companies that has a ‘ready-to-market’ fully electric vehicle – the THINK City. With its market-leading range, driveability and recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.

THINK is also a leader in electric drive-system technology, and was the first to offer a modular and flexible EV drive-train solution in the business-to-business sector. With its Scandinavian origins and sustainability mindset, THINK is one of the most carbon efficient car companies in the world.

About ENER1
Ener1 develops and manufactures compact, high performance lithium‐ion batteries to power the next generation of hybrid, plug-in hybrid and pure electric vehicles. The publicly traded company (NASDAQ: HEV) is led by an experienced team of engineers and energy system experts at its EnerDel subsidiary located in Indiana. In addition to the automobile market, applications for Ener1 lithium‐ion battery technology include the military, grid storage and other growing markets.

Ener1 also develops commercial fuel cell products through its EnerFuel subsidiary and nanotechnology‐based materials and manufacturing processes for batteries and other applications through its NanoEner subsidiary.

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Contacts:
James Andrew
t: +44 7772 534 985

tw: twitter.com/THINK_EV
blog: www.thinkisthinking.com
press: www.thinkevpress.com

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