Norway’s Think to make electric cars in U.S.

SAN FRANCISCO -- Norway’s Think Global electric car company is to manufacture and sell a small, battery-powered vehicle in the U.S. by next year, backed by a Silicon Valley venture-capital, the Wall Street Journal reported Thursday.

Think, which was formed when Ford sold its electric vehicle unit to a Norwegian company in 2003, believes it can sell 30,000 to 50,000 vehicles a year in the U.S., after production is ramped up and a sales network is established, the report said, citing the venture-capital firm Kleiner Perkins, Caufield and Byers, which has invested in Think.

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