Think unveils new electric car, GE investment

General Electric has officially confirmed its $4 million investment in Norwegian electric carmaker Think Global, a development Green Wombat reported back in December. GE Energy Financial Services (GE) also has invested $20 million in Massachusetts lithium-ion battery maker A123Systems, which will supply batteries to Think. General Electric said its scientists will work with both Think and A123 to improve battery technology for electric cars to “enable global electrification of transportation.”

And as Green Wombat reported last week, Think, formerly owned by Ford (F), unveiled its next model Wednesday at the Geneva Auto Show, a futuristic five-seater called the Think Ox that will eventually be available as a two-door coupe and possibly a taxi. The sleek five-door vehicle resembles a low-slung crossover SUV but maintains the signature touches of the Think City — an urban runabout now rolling off Think’s production line in Norway — including the roof-to-bump glass rear hatch. The concept car also sports a translucent roof with a solar panel, presumably to power radios and other gadgets.

But Think did not reveal the identity of the Fortune 100 automaker that Think CEO Jan-Olaf Willums told Green Wombat had collaborated on the design and engineering of the Ox.

According to Think, the Ox will have a range of about 125 miles (200 kilometers) on a charge and a top speed of about 85 miles an hour. Future models may include a range extender — a small flex-fuel engine that will charge the battery and let the Ox go 280 miles. (The General Motors (GM) Volt electric hybrid is based on the same concept.) Think also unveiled its “connect car” technology to make the Think City and Ox a rolling Internet-connected, GPS-enabled computer that will calculate the cheapest and most environmentally beneficial times to recharge as well as give drivers access to the cars’ systems through their mobile phones.

When Green Wombat caught up with Willums in San Francisco last week he emphasized that although the Ox is being presented as a concept car, the technology is almost ready for prime time and the model that is expected to hit the market in 2011 will resemble the show version.