Saturday, 31 January 2015
Last updated 1 day ago
Dec 14 2009 | 2:43pm ET
The Norwegian electric vehicle (EV) producer THINK has re-started production of its THINK City model with manufacturing partner Valmet Automotive in a new facility in Uusikaupunki, Finland.
Valmet Automotive is a leading provider of engineering and manufacturing services to the automotive industry and recently became a THINK shareholder and strategic industrial partner. Last week marked the start of production at Valmet Automotive’s high-tech manufacturing base, which also produces Garia and Fisker alternative-fuel vehicles as well as Porsche AG’s Boxster and Cayman.
Production at Valmet Automotive follows THINK City’s re-capitalization earlier this year and the arrival of new investors. THINK has also won new drivetrain supply contracts.
THINK CEO Richard Canny said in a statement, “This is a very significant day for THINK. We are back in production and I am so pleased that some of our very loyal customers can look forward to delivery of their long-awaited THINK City before Christmas. The order bank stands at around 2,300 vehicles, and our first priority is to deliver to these customers now that our vehicles are rolling off the production line again. Our next priority is to build on this order bank with continued expansion in Europe and around the world.”
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…