Press Release
Lithium-Ion Battery Leader Ener1 Takes Stake in Electric Vehicle Maker Think Global
performance combined with the pricing and availability of an off-the-shelf system," said Ener1 Chairman and CEO Charles Gassenheimer. "Ener1 and Think have collaborated for years on systems development, and today possess a unique ability to bring together category-leading technologies in a fully integrated platform, to suit a wide variety of vehicle applications."
EnerDel and Think have also agreed to enter into a new long-term battery supply agreement as part of the transaction. EnerDel will receive certain exclusivity rights for the supply of batteries for Think's current and upcoming new vehicle models.
"Ener1 is very pleased to have the opportunity to lead this round of investment in the manufacturer of the first road-ready electric vehicle on the world market," added Ener1 Chairman and CEO Charles Gassenheimer. "As a key battery supplier and now partner in the production and marketing of electric drivetrain solutions for a range of next-generation vehicles, Ener1 looks forward to a strong future relationship with this industry leader."
"This investment cements our partnership with one of the leading advanced battery manufacturers in the world," said Think CEO Richard Canny. "In addition to ensuring supply of high-performance battery systems, the new deal will enable us to more fully capitalize on >>