The Dutch technology company Lightyear has announced that due to strategic restructuring the decision was made to suspend the production of the Lightyear 0 and to fully focus on the model Lightyear 2.
Following this decision, the production of Lightyear 0 has been ended at Valmet Automotive's Uusikaupunki car plant. The Lightyear production has employed about 20 persons in production and about 10 office workers at the Uusikaupunki car plant.
Pasi Rannus, Senior Vice President, Manufacturing, Valmet Automotive
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The Valmet Automotive Group is a leading European manufacturer of electric vehicle battery systems and automotive kinematic systems (including electric vehicle charging flaps and active spoilers) for OEMs, as well as being one of the largest vehicle contract manufacturers in the world. In its strategic development, Valmet Automotive Group focuses on electromobility through the development and manufacturing of battery modules as well as packs for electrified vehicles. The activities in the group are organized in three business lines: Vehicle Contract Manufacturing (VCM), EV Systems (EVS) and Roof & Kinematic Systems (RKS). Since its founding in 1968, Valmet Automotive has produced more than 1.8 million vehicles at its plant in Uusikaupunki, Finland. Valmet Automotive also operates two battery systems plants in Salo, Finland and Uusikaupunki, Finland and a third in Kirchardt, Germany. The company has locations in Finland, Germany, and Poland. Valmet Automotive’s largest shareholders are the state-owned Finnish investment company Tesi and the Pontos Group, each with a stake of 38.46 %. 23.08 % is held by the Chinese Contemporary Amperex Technology Limited (CATL), the world leading manufacturer of battery cells for electric vehicles.