An electric car maker from Norway, Think, will start assembling vehicles in the US next year, hoping to produce about 20,000 cars per year, informed the Wall Street Journal.
The company is expected to invest about 43.5 million dollars (30.1 million euros) in modernizing an assembly plant in Indiana.
The Think City, a small plastic vehicle with a capacity for two adults and two children, will have a price range of 30,000 dollars, after a tax rebate of 7,500 dollars. It will have a maximum speed of 100 km/h (68 mph) and a range of 180 km (110 miles).
Think was close to bankruptcy, but it was saved by a group of investors, including Ener1, the owner of Enerdel, the manufacturer of Think car batteries.
Last year, the production of Think cars was transferred from Oslo to Uusikaupunki, Finland where Valmet Automotive already assembles models for Porsche.