This was supposed to be a winning strategy for battery maker Ener1
Th!nk, which was spun off from Ford
Inventory of Ener1's batteries built up on the factory floor, and when funding couldn't be lined up to continue operations, Th!nk finally had to call it quits, filing for bankruptcy earlier this week. It's salt in the wound for Ener1 at a time when the company could use some positive news, and it highlights the risks battery makers face right now.
A123 Systems takes charge
With investors uncertain how much business Valence Technology
As for Th!nk, it may be able to rethink its products and emerge from the ashes someday, but Ener1 is left with one of its star customers in bankruptcy. If Ener1 doesn't play its cards right soon, that may be where Ener1 is headed.