Electric car manufacturer Think Global has filed for bankruptcy.
Under Norwegian bankruptcy laws, a court-appointed trustee will immediately take over the short-term operation of the Oslo-based company.
Think’s battery supplier, Ener1, which recently ended its four year deal with the firm will now begin recovering some £20m in unpaid loans and accounts receivable from Think Global.
Think's most recent product was the four-seat Think City micro car, an electric vehicle with a ‘100 mile’ range. It was due to hit UK soils this year carrying a price tag of around £23,000.
Read more about the Think City EV
Think sold 'over 2500' city cars in Europe and the US since its introduction in 1999. The company has been in business for 20 years.
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