Autocar understands the three-year-old firm, founded in 2021 as an offshoot of classic car electrification specialist Lunaz, has folded after failing to obtain the necessary funding to begin production of its electric bin lorry, dubbed the
"This decision rebalances business focus to passenger cars, which remain in production, with order books open for five engineered EV platforms. "This restructure will ensure demand for passenger vehicles can be met while ensuring commercial vehicles can be produced once market conditions drive demand."be converting 1100 diesel-engined industrial vehicles to electric drivetrains each year,"to meet surging demand for electrified vehicles in the run-up to the 2030 ban on the sale of fossil-fuelled vehicles".
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: kgun9 - 🏆 584. / 51 Read more »