Tesla to deliver Electric Smart batteries

Tesla will be producing battery packs for Daimler's electric Smart, reports Ken Basinger in the LA Times blog Up to Speed. One thousand packs will be delivered this year and next. This would mean returning to a business Tesla had previously considered but abandoned. In 2007 Tesla pulled out of an agreement with Th!nk to produce batteries for the new Th!nk City.

Hopefully we'll see some of these SmartEDs in the US soon. Daimler needlessly procrastinated on bringing the gasoline Smart Car to the US. Tens of thousands of sales later, last I heard there are still waiting lists. The electric Smart is eligible today for $7500 in federal tax credits. Why wait?

Th!nk finds needed $$

The financial crisis that shut down Th!nk's factory appears to have ended, according to Reuters. The Ener1 Group, the main shareholder of the battery producer with which Th!nk had placed a large lithium battery order, has made a $5.69 million loan.