TH!NK Goes On The Brink

Electric Car

Norwegian automaker TH!NK has currently filed for bankruptcy for the fourth time in 20 years. The Oslo-based company sold only a total of 1,043 TH!NK City's in 2010 and could not reach out to attract any new investors or interest in their "bite size" cars. The TH!NK City is an EV that would have given buyers an option of either lithium or sodium batteries that would let the car go around 99 miles in one charge with a top speed of 68 mph.

It was first displayed at the 2008 Geneva Motor Show and the company has made their EV's available throughout Europe in countries such as Spain, France, The Netherlands and Finland. They also made their signature car available in the US market, but only to a limited production. The price for a City was €30,700 in Europe and varied in the US from $36,495-$41,695. The City will just be a collector's item, at least for now.

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