Sustainable transport group BD Otomotiv (BD OTO AS) is in advanced negotiations with the Norwegian court-appointed Trustee of THINK Global – the electric vehicle maker – to rescue the brand from bankruptcy.
BD Otomotiv is a Turkey-based investment group behind a host of successful corporate ventures across Europe, which in recent years has focused on electric transportation. The group owns and operates production facilities in Turkey and Italy for the conversion of light commercial vehicles into electric vehicles (EVs), automotive battery pack assembly, and a new recycling plant for lithium-ion and other industrial batteries.
The group has also made major investments into EV charging infrastructure, and owns and operates charging stations across Turkey.
In addition, the company operates sales and service networks across Europe to market its sustainable mobility products, and also is an appointed distributor of Fisker Automotive cars and BYD commercial vehicles and buses.
Chairman of BD Otomotiv, Osman Boyner, said: “Our intentions are simple – to bring THINK out of bankruptcy and make it the affordable urban EV for Europe it was always designed to be. We have the manufacturing capabilities and sales network to do this, and combined with a core group of retained THINK talent in Norway we aim to launch new platforms and the next generation of vehicles if successful in our bid.”
He added: “We know our aspirations are realistic and are extremely hopeful for the future of the brand.”
Negotiations between BD Otomotiv and the Norwegian court-appointed Trustee in charge of THINK Global are ongoing. The negotiations’ conclusion will be subject to a further announcement.