Electric Car to be Manufactured in Southern California
Norway’s Think Global will begin selling its inexpensive, eco-friendly vehicles in the U.S. next year.
Norwegian automaker Think Global said Monday it planned to sell low-priced electric cars to the masses and will introduce its first models in the U.S. by the end of next year.
The battery-powered Think City will be able to travel up to 110 miles on a single charge, with a top speed of about 65 mph, the company said. It will be priced below $25,000.
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Think North America is likely to be based in Southern California, the investors said, and the cars it sells here will be assembled locally. The venture investors will own half of Think North America. In March, General Electric Co. invested $4 million in Think Global.
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