General Electric invests in electric carmaker Think
Industrial giant General Electric has invested approximately $4 million into Think Global, the Norwegian company that specializes in electric town cars.
The investment exists, in part, to aid another investment by GE in lithium-ion battery maker A123 Systems. GE has invested $20 million into A123, which is working with General Motors on the Chevy Volt. Think, which has been getting its lithium-ion batteries from a company called EnerDel, has now signed a deal to also get batteries from A123.
Think started rolling cars off the production line late last year. The company's first car is a resurrection of an … Read more