GE To Support Think Electric Vehicles and A123Systems Batteries

GENEVA and WASHINGTON - March 5, 2008 - GE (NYSE: GE) announced it is ramping up its efforts to enable global electrification of transportation by investing in Norwegian electric car manufacturer Think. To power its vehicles, Think has signed a commercial supply agreement with lithium-ion battery manufacturer A123Systems. GE is in a unique position to help both companies commercialize technology to make electric transportation practical and affordable. The commercial supply agreement with A123Systems provides Think with patented NanophosphateTM lithium-ion batteries for the TH!NK City, now in production at the company's factory in Norway. Think is delivering its first cars in Norway, with international sales to follow later in the year. Link.