, 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.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: InsideEVs - 🏆 579. / 51 Read more »