Koenigsegg Invests in Dutch Solar EV Company Lightyear

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Lightyear Photo voltaic EV producer introduced Koenigsegg as its newest investor. The latter will be part of Lightyear in a ‘technology-sharing’ partnership wherein each automakers will develop ultra-efficient electrical automobiles like Lightyear 2.

Each Koenigsegg and Lightyear develop and produce most of the foremost programs, subsystems and parts used of their automobile’s in-house. Moreover, Koenigsegg has been adapting this technique in direction of electrification lately, notably after promoting a 20% stake within the firm to Nationwide Electrical Autos Sweden (NEVS) for $171 million.

In response to Light-weight, Koenigsegg’s applied sciences can be used particularly to enhance the power effectivity of the Lightyear 2, which is the corporate’s extra reasonably priced and mass-produced SEV-model scheduled to begin manufacturing in late 2024 or early 2025.

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