Tag Archives: Think

Ener1 (HEV) Revenue Surges, Profits Remain Elusive As Think Shipments Begin

Ener1 (HEV) continues to post significant increases in revenues, but remains mired in red ink.  The company reported another big jump in revenues and beat the analyst estimate of $15.4 million, posting $16.1 million, but profits remain elusive.  The company reported an EPS of -.12, vs the estimate for a -.11/share loss.  That was inline with what they reported last quarter and worse than the .11 loss they reported in the year ago quarter.  Granted, … Read the rest

Ener1 Batteries and Think Electric Drivetrain Chosen For Japanese Postal Service EVs

Well, here’s some good news for Ener1 and Think: Think’s electric drivetrain, which is powered by Ener1’s lithium-ion batteries, has been selected by Zero Sports of Japan to help them convert Japan Post’s fleet to electric vehicles. Think’s drivetrain is being used to turn existing gasoline trucks into electric vehicles. Japan Post plans to convert 25% of its fleet to run entirely on electricity.

In a company press release, Ener1 CEO and Chairman Charles … Read the rest