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THINK announces today its entry into the
electric delivery van segment, with two new vehicles designed to meet
the growing demand for small electrically powered deliveries,
particularly in urban areas. |
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THINK’s entry into the urban delivery van
market comes with two variants to be introduced between now and the end
of the year. The first, the THINK City N1 type approved for European
van homologation, carries goods up to a maximum 237 kilograms and
700-litres in volume, and offers significant tax advantages in many
markets. |
Aixam Mega electric commercial
vehicles
The THINK Compact van follows
later this year. With an increased capacity of 900-litres and designed
as part of a large tender for fleet sales to the French Government’s
UGAP program, this is an interesting product to many other markets, with
several enquiries from potential Spanish customers and others already.
This represents a new and broader
market approach from THINK, with a line-up of specialist delivery
vehicles based on the popular THINK City, demonstrating both the
versatility of this platform and further reinforcing the urban focus of
the brand. More variants are actively under consideration, providing the
market delivers the anticipated demand in this emerging segment.
Barry Engle, CEO THINK, said: “We see
great potential for a range of electric vans based on the THINK City.
There are many customers for this type of vehicle, from city authorities
to small businesses and postal deliveries. These short hop, urban
journeys are perfect for vehicles such as ours. Demand in this segment
is increasing across the world, it is an area of the market that has yet
to attract strong competition and could deliver valuable scale economies
to a niche player like THINK.”
He added: “We made huge progress in
2010 with the development of the THINK City, the start of production in
the US, and entry into new markets. We will step up the pace even
further in 2011, developing THINK’s appeal with products such as the
delivery vans, building our distribution network and focusing more
resources on sales and marketing to increase market penetration.”
THINK’s entry into this new segment
comes on the back of a series of product updates and enhancements
completed over the course of the last 12 months. In 2010 the company
introduced the first THINK City 2+2 model, the new fourth generation EV
drive controller technology, air conditioning as standard across all
markets, ESP (Electronic Stability Programme) as standard, homologation
for sale in the U.S. and during the first month of 2011, a new delivery
van series.
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