EnerDel to Provide Lithium Batteries for Th!nk Electric Car

EnerDel will deliver prototypes to Th!nk in March 2008 and pre-production parts by July 2008. If all works well, the contract could be worth $70 million, according to EnerDel.

Ener1, Inc. (OTCBB: ENEI) has announced that its EnerDel subsidiary, previous post, entered into a Supply Agreement with Think Global of Oslo, Norway, the manufacturer of the Th!nk City electric vehicle (EV). Under the agreement, Think Global has selected EnerDel as the supplier of choice for prismatic Lithium ion (Li ion) batteries that will be used to power its Th!nk City vehicle.  . . .

EnerDel’s Li ion solution for the Electric Vehicle drive train is designed to have higher energy density than HEV cells and to enable vehicles to last up to a goal of 100 miles (160 kilometers) without recharging.

Under the Agreement, EnerDel must deliver production prototypes in March 2008 and pre-production parts in July 2008, with a value of approximately $1.4 million. Once these milestones are met to the satisfaction of Think Global, production orders under the contract are expected to result in EnerDel battery sales of $70 million over the two-year period ending in 2010. Under Think’s growth plan, the total value of the contract could eventually exceed $200 million. . . .

Th!nk global is the new owner of the electric car producer Th!nk. Formerly part of the Ford Motor Company, Th!nk was taken over by a group of Norwegian investors in March 2006. Think’s existing factory in Norway is presently being upgraded by Porsche Consulting to make it one of Europe’s most cost efficient assembly plants ready to mass-produce the Think model in 2008. The two seater Think City EV is about 2 feet shorter than a Mini Cooper, and a bit taller. When first announced the car was claimed to go 110 miles on a single charge. The battery can be charged using the electrical outlet at home. Top speed is currently capped at 62 mph. . . . more

Comments

[Vance Bedbug]

Did they give a price estimate?

[kent beuchert]

A 100 mile range is a loser - this is a niche car best suited for small Pacific Islands.

[Kit P]

Are you referring to 'small Pacific Islands' that make electricity with oil and have no air pollution?

[greg]

If you drive 100 miles a day, the problem is not the car. When electric vehicles become a part of daily life, charging stations will pop up all over the place. It's a lot easier to set up charging posts with credit card payment in supermarkets etc., than it is to put up a gas station.

[Harvey D]

greg;

I fully agree with you. Electric charge stations will not smell and could really be installed in many more places, even on sidewalks, parking lots etc.

The same credit card machine could be used to paid your parking + your battery recharge while you're at work.

Clean BEVs are the future. PHEVs may be an interim solution for long distance commuters.

[David Stone]

kent beuchert again bad-mouthing anything non-polluting.
Tell me, is the money you make from the status quo really worth the all the death and suffering caused by what you are involved in?

Most people drive far less than 100 miles per day.

The car is only a loser for those who do and don't have a second car with a higher range.

The pollution problem is worst in cities, where few drive long distances, and therefore very suitable for this car.

By the time chargers become the norm, energy storage will be much further.

Each technology has to start somewhere.

[Dan Browne]

100 mile range is a LOSER?

That's three times what the average driver drives daily.

You could EASILY do the same kind of driving that even a typical person does as long as you plug in every night.

It won't work for road-trips.
But for that you'd use a hybrid anyway.

In any event those who raise (in my opinion ill-thought-through) objections to electric cars (like "where would I charge if on a road trip) are forgetting how adaptive the companies are.

On a road-trip you could plug-in at e.g. motel 8 and pay for your electricity as part of your bill.

Anyone who ran out of electricity would be just as stupid as someone who runs out of gas on a road trip.

Moreover: as soon as these become mass market, SOMEBODY is going to come up with a standardized "range-extender" which could be plugged in at former gas stations.
(I'm thinking of a giant AA battery which you buy fully charged and drop off at another gas station).

So come on guys, the future is bright, not dark.

[James Decker]

If it were available here in the USA in my neighborhood (Ohio), I would strongly consider buying it. I rarely drive more than 100 MPD. I would love it.

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