Lightyear halts manufacturing of its €250K photo voltaic EV to give attention to its cheaper mannequin

Netherlands-based photo voltaic EV maker Lightyear has announced that it’s freezing manufacturing of its flagship mannequin, the Lightyear 0 — less than three months after going into production. As a part of a “strategic restructuring,” the corporate will now give attention to making the Lightyear 2, priced at round €40,000. That is anticipated to enter manufacturing in late 2025.

The corporate’s journey has been a protracted and spectacular one. From a scholar staff at a photo voltaic automobile competitors, Lightyear reworked right into a startup in 2016, and shortly mapped itself on the automotive map with the Lightyear 0. The photo voltaic EV featured some stirring in-house tech, promising to be a sport changer in a distinct segment market. It additionally got here with a prohibitive price ticket: €250,000.

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