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EV Maker Lightyear files for bankruptcy after $45,000 model launch


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Just a few weeks after the announcement One electric cars are cheaper model, it seems like the business of producing solar energy Cars have proved too much for Lightyear and its production Atlas Technologies Inc. little girl recent company submitted documents for bankruptcy with a court in the Netherlands, auto blog report.

Lightyear takes to the world stage 2019 with one A quarter million dollar liftback five-door solar charger light year 1. An early production version followed called Light Year 0 costs €119,000 or around US$141,000. number 0 featured more than a thousand small solar panels on the outside that can capture the sun’s energy to charge vehicle’s 60 kWh battery. Production 0 was finally outsourced to a Finnish company after receiving an order for 946 pieces and in November the company was building just one car a week. that number supposedly increased to five cars a week in the middle2023.

Another, cheaper Lightyear model was unveiled at CES in January. The light year 2 claimed a 500-mile range and a starting price of just $45,000, with a target of production by 2025. But with the bankruptcy announcement, 2 The future appears up in the air.

The The future of the company may well be in the air — Lightyear issued a declare sorry these affected by movement.

Lightyear regrets having to make this announcement to all employees, customers, investors and suppliers, and will work closely with those in charge and all involved, and look forward to receiving their understanding and support. In the coming period, the trustee will focus on the position of employees and creditors and assess how the Lightyear concept can be continued.

Despite the sudden bankruptcy announcement, Lightyear could still have a future on the roads. Lightyear’s holding company, Atlas Technologies Holding B.V. (not Atlas Technologies, which is the production company), is not part of the bankruptcy. It owns the intellectual property of Lightyear vehicles. So, if it can find a backer with appropriately deep pockets, the cars may still find their way to the roads under the sun, someday.

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