The two remaining workers at Think's factory in Indiana are working to finish the last dozen or so Think City electric vehicles. The site will soon close, dashing hopes that Indiana will become a production capital for electric cars.
Since the declaration of bankruptcy by Think Global in June of 2011, lithium-ion battery manufacturer Ener1 has struggled to stay afloat. Ener1 was recently delisted by NASDAQ and seems to be drifting towards bankruptcy.
There has been a lot of press on the Think bankruptcy and Ener1’s losses. Think NA claims to be able to survive the bankruptcy (and since the company that has been through bankruptcy four times, they might know a thing or two about surviving it). However, I am skeptical. So, the question many are asking is whether this spells a broader trend in the plug-in vehicle world. In my opinion, there are definitely lessons to be learned from Think.
New to EVs? Start here
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