Lightyear's solar roof technology aims to produce between 60,000 to 100,000 solar roofs annually, indicating a strong commitment to sustainability and innovation in the automotive sector.
The strategic shift from manufacturing complete vehicles to focusing on solar cell technology reflects a pragmatic response to earlier financial difficulties and the company's robust intellectual property.
Bonna Newman, Lightyear's CEO, remarked on their advanced machinery, saying, 'The machines are available off the shelf, allowing us to enhance production efficiency while driving innovation.'
Following a bankruptcy in January 2023, Lightyear is refocusing efforts on solar technology and aiming to launch commercial production by 2026-2027.
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