European electric vehicle company Think has delivered its first U.S.-built cars to the State of Indiana for use in its government fleet. The 15 vehicles, which were shipped from Think's manufacturing facility in Elkhart, Indiana, contain lithium-ion batteries made by U.S. company EnerDel. EneDel's parent company Ener1 (Nasdaq: HEV) is the largest stakeholder in Think.
'We've made a strategic decision to target initially the many millions of fleet vehicles in operation in the U.S. market,' said Think CEO Barry Engle. 'These fleets can jumpstart vehicle electrification in America's cities and help push the industry past early adopters into mainstream consumer markets. Fleet sales will drive up vehicle and battery production volumes and drive down costs, which will benefit retail consumers.'
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