This reinforces the strategy described by Kleiner’s Ray Lane at last year’s Fortune Brainstorm Green conference, where Lane, RockPort Capital’s Wilber James and Think Global CEO Jan-Olaf Willums announced plans to bring Think’s electric City car to the U.S. at prices lower than the Toyota Prius through Think North America, a joint venture. At the time, Lane said, “Most electric vehicles being developed today are coming off the design board or getting manufactured, or starting to get test vehicles on the road. This is ready for mass production.”
Source: earth2tech.com
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