Production of the electric Rolls-Royce was stopped due to bankruptcy

Production of the electric Rolls-Royce was stopped due to bankruptcy

Fans of the ‘original’ Rolls-Royce can breathe a sigh of relief. Lunaz, the British company that, to their horror, aimed to electrify Rolls Royce and other classic cars, has declared bankruptcy. At this point, Royce roars again as usual, although – of course – as quietly as possible.

Rolls-Royce fans can sleep in peace again

The Lunaz Group, located near the famous Silverstone circuit, specializes in installing electric motors in trucks and classic cars. For example, Rolls-Royce Phantom V, Aston Martin DB6 and various Bentley models were converted into plug-in cars. This comes as a shock to Rolls enthusiasts who believe that the mother of all classic cars should be powered by a twelve-cylinder engine. Lunaz’s bankruptcy means these fans can breathe easy again.

David Beckham gave his son an electric Rolls-Royce as a gift

Lunaz bankruptcy comes unexpectedly. Just a few months ago, Keir Starmer, the leader of the British Labor Party, arrived at the Silverstone factory where he praised the company as “a world leader in the improvement of vehicles for the clean energy transition.” In addition, the company received a lot of thanks to the name and fame of famous investors in the world including David Beckham. Two years ago, Beckham put Lunaz in the spotlight when he gave his son an electric Jaguar XK140 as a wedding present.

English EV industry hit by bankruptcy

Lunaz blamed the bankruptcy on the UK government’s decision to postpone the ban on the sale of petrol cars for five years. While The Hague is holding out for 2030, Prime Minister Rishi Sunak’s cabinet has postponed the start of the zero-emission era until 2035. To some extent, the entire English EV industry is facing setbacks. In February of this year, the manufacturer of the plug-in car Arrival, which was once valued at thirteen billion dollars, also went bankrupt. And in the autumn Volta, which made electric trucks in Warwick, Coventry and Reading, failed to survive.