Future of the solar-powered startup is in doubt after production of its first EV has been halted. Here’s what’s going on with this automaker.
, which would have incorporated many technologies from the company's first model, just a few of which are believed to have been produced since early December.
"In the coming period the trustee will focus on the position of the employees and creditors as well as assessing how the Lightyear concept can be continued," the company added. Lightyear saw solar technology as the key to overcoming range anxiety as well as charging expenses, engineering its first model over the course of six years, to generate up to 43 miles of range per day. The sleek sedan, with a drag coefficient of 0.175 Cd, featured a relatively modest 61.2-kWh battery, though promised an overall range of 388 miles in the WLTP cycle.
It remains to be seen whether the company, which had raised quite a bit of cash just before the production start of the $260,000 sedan, will be able to reorganize and attract more investment for its second model, or if another automaker will be willing to come to the rescue. Jay Ramey grew up around very strange European cars, and instead of seeking out something reliable and comfortable for his own personal use he has been drawn to the more adventurous side of the dependability spectrum.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
I-Team Discovers Illegal Marijuana Grow Houses Could Be Operating Next Door to YouEven with the legalization of recreational marijuana in California, illegal grow operations have not stopped. The NBC4 I-Team investigates grow operations in Southern California.
Weiterlesen »
Lightyear's Operating Company Atlas Technologies Declared BankruptSome Lightyear employees are already preparing for the end of the startup, with several job-seeking posts surfacing on LinkedIn over the past few days.
Weiterlesen »
Lightyear’s Operating Company Enters BankruptcyFuture of the solar-powered startup is in doubt after production of its first EV has been halted. Here’s what’s going on with this automaker.
Weiterlesen »
Anonymous Content Names Heather McCauley As Chief Operating OfficerEXCLUSIVE: Heather McCauley has joined Anonymous Content as Chief Operating Officer. In addition to operations, McCauley will oversee the company’s Human Resources, Finance, Business Affairs, and Legal departments
Weiterlesen »
Samsung operating profits sink 69% in fourth quarter on weaker demandSamsung Electronics Co.’s fourth-quarter operating profits slumped as the company’s mainstay memory-chip and smartphone businesses grappled with a sharp...
Weiterlesen »
UK’s power switch-off shows future for cleaner energy gridThe UK had a preview of the choices that will have to become commonplace as the world transitions to clean energy sources.
Weiterlesen »