Here’s why Lightyear 0 production has been halted just weeks after it began.
Jan 24, 2023Lightyear halts production of its first model, slated to cost about $260,000, to focus on a more affordable EV planned for 2025.
The innovative sedan, six years in the making, was also going to be wildly expensive at a time when automakers are starting to roll out affordable, everyday EVs to take Tesla models head on. The Dutch EV was going to start around $260,000, making it seem like an artifact from the early years of EV debuts.
Lightyear planned to produce just 150 examples of the pricey sedan amid some skepticism in the industry regarding its usefulness to the company at this particular stage. By contrast, Of course, these lofty goals will first have to survive the company's current predicament, with Lightyear indicating that it had requested a court"to open suspension of payment proceedings" in regards to its operating company, Atlas Technologies B.V., which in turn contracted Valmet Automotive to produce the Lightyear 0.Lightyear did not indicate just how many units of the electric sedan Valmet was able to produce since early December.
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