Connect with us

Hi, what are you looking for?

BrilliantAchievement.comBrilliantAchievement.com

Tech News

Lightyear has stopped production on its solar-powered EV after three months

Image of a partially-assembled vehicle.
One of the first Lightyear 0s being made. | Image: Lightyear

Electric vehicle company Lightyear has announced that it’s halting production on the Lightyear 0, its €250,000 (around $270,000 USD) solar-powered car that the company started making just three months ago (via Electrek). The setback is part of a “strategic restructuring,” according to a Monday blog post, and the company will instead focus on making the Lightyear 2, a car that it says will cost under $40,000 and go into production in late 2025.

The company says it didn’t take the decision lightly, given that it’ll impact its employees, as well as “investors, clients, suppliers and the government.” It’ll also presumably have an impact on Valmet Automotive, the company Lightyear contracted to build the 0 (and which announced potential…

Continue reading…

Join The Exclusive Subscription Today And Get Premium Articles For Free
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Politics

Looking beyond the “aw, neat, what a great person” façade of effective altruism, one clearly finds a level of narcissistic cynicism and a drive...

Politics

While “private policing” is in many people’s minds a feature of dystopian science fiction or the fantasies of libertarian economists, the reality is that...

Editor's Pick

2022 has come to an end with a collective “Thank Goodness!” There’s just no sugarcoating it; 2022 was a brutal year for those who...

Editor's Pick

First of all, happy new year!!! I hope 2023 turns out to be a healthy and prosperous year for all! As we look back...