In an update released on Monday, the Dutch EV startup said it made the decision so it could redirect its focus and resources to the more affordable, higher volume 2 hatchback shown earlier this month.
The company also said it had submitted a request to the court to begin “suspension of payment proceedings” in relation to Atlas Technologies, a subsidiary company that managed operations for the 0’s production at independent contract manufacturer Valmet of Finland. The move may allude to some form of financial hardship also being a key factor behind the decision.
“The whole process of developing Lightyear 0 has provided our company many valuable learnings over the past years,” Lex Hoefsloot, Lightyear’s CEO and co-founder, said in a statement. “We are now redirecting all our energy toward building Lightyear 2 in order to make it available to clients on schedule.”
Lightyear has previously said the 2 will debut in the summer and start deliveries around 2025. The company has also confirmed a starting price of less than 40,000 euros (approximately $43,450). The 0 was priced from 250,000 euros ($271,575). It isn’t clear if any cars were actually delivered.
In its latest update, Lightyear said the 2 was developed alongside the 0, which points to the car already being at a late stage of development. Like the 0, the 2 will feature solar panels and in-wheel hub motors.
Lightyear also said 40,000 individuals have joined a waitlist for more information on the 2, and 20,000 pre-orders have already been made by fleet customers.
The company hasn’t said where it plans to build the 2.
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