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Solar carmaker Lightyear files for bankruptcy, Lightyear 2 in doubt

Ambitious EV manufacturer based in the Netherlands Light year spent six years working on a solar-rechargeable car. Maybe the light is off now. Lightyear manufacturing company Atlas Technologies files for bankruptcyciting unexpected excess production costs among other factors.

Some background info: Lightyear shows prototype Light year 1 in 2019, followed by the Lightyear 0 produced last year, priced at €250,000. A thousand solar panels decorate the horizontal surfaces on the five-door hatchback, including the area usually with the rear window, which is said to provide enough power for 60 kWh battery to add between 20 and 70 km of range in a day depending on weather conditions. The company outsourced the production of 946 examples of Lightyear 0 to Valmet in Finland last November, at a rate of one vehicle per week, a production figure celebrating 9.46 trillion kilometers of traveling light. in a year.

The company is facing a turbulent opening period until 2023. The company has introduced its next model, light year 2at CES 2023. That car costs less than €40,000 and offers a WLTP range of around 500 miles, entering production in 2025. The company says TechCrunch that when it opened reservations for Lightyear 2 at CES, 40,000 individuals booked and companies registered 20,000 cars. Then last week the company discontinued on Lightyear 0probably haven’t seen more than a dozen cars produced, say they want to focus on Lightyear 2. Why pour money into selling 946 cars when you can put those limited resources to sell 60,000?

When these things played out, the money ran out before the end of the dream. The Rechtbank Oost-Brabant Court in ‘s-Hertogenbosch, Netherlands has accepted the bankruptcy petition of map Technologies BV, the division in charge of Lightyear production, appointed a trustee to oversee the proceedings.

Lightyear’s parent company is Atlas Technologies Holding BV and owns the intellectual property of the vehicle. The parent company is not affected, so it is possible that interested parties can find a way out. The court approved the suspension of payments by the manufacturing company during the reorganization. Lightyear wrote in a statement that it “regrets to make this announcement to all employees, customers, investors and suppliers and will work closely with those in charge as well as all other stakeholders.” concerned and hope they understand and support.” The process now follows the usual way – “the trustee will focus on the position of the employee and creditor and assess how the Lightyear concept can be continued.”

Present, Sono of Germany As the closest solar-powered carmaker, the Sion is expected to go on sale in Europe later this year.

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