In the near future Norwegian-based electric vehicle manufacturer TH!NK is expected to announce plans for manufacturing a two seat city vehicle in the US. The company is hoping to take advantage of government funding for electric and hybrid vehicles. The vehicle would be available in mid-2010 if all goes according to plan.

Recently in financial difficulty, the company received a $5.7 million loan from the Ener1 Group which holds a majority stake in the battery maker for the vehicle. Learn More

Update: Initial production plans for first year production of 2,500 units. The company will be applying for low-interest loans from the US Department of Energy’s $25-billion Advanced Technology Vehicle Manufacturing (ATVMIP) program. Michigan is among eight states being considered for the facility. Learn more