Polestar 3 Courtesy: Polestar Swedish electric vehicle maker Polestar cut its annual net losses in half last year, while revenue surged and it attempted to set itself apart from other EV startups. The...
Tag: Polestar
GM, Jeep and Kia among only automaker advertisers
Automakers – historically among the largest Super Bowl advertisers – are mostly bypassing this Sunday’s NFL championship game to preserve cash or spend ad dollars elsewhere. The only automakers ...
FREY Stock Pops As Freyr Battery Startup Selects U.S. Gigafactory Site With Earnings Due; Polestar Soars
Freyr Battery (FREY) prepares to report earnings for the third quarter after selecting Georgia for its Giga America battery cell factory. FREY stock jumped Friday. EV stocks in general rallied, led by...
Polestar stock surges after reporting first-ever profit as a public company
In something of a change this earnings season, an electric carmaker (other than Tesla) actually reported a profit for the quarter. Polestar (PSNY), the Swedish-based company backed by Volvo and China’...
Self-Driving Technology Provider Luminar Just Hit a Big Milestone
After 10-plus years of moonshot R&D, Luminar Technologies has made it into automotive production with its radarlike systems. Wednesday evening, lidar maker Luminar (ticker: LAZR) reported third-qu...
Polestar Unveils Very Familiar Looking Tesla and Fisker Competitor
Polestar (PSNY) is looking to take on not only electric vehicle giant Tesla (TSLA) in the all-electric SUV market, but also upstart EV maker Fisker (FSR) . The problem, according to some Tesla an...
Polestar unveils $84,000 electric SUV, Polestar 3, to cement U.S. foothold
Polestar 3 Courtesy: Polestar Swedish EV maker Polestar on Wednesday unveiled a new electric SUV that it’s counting on to expand its sales and presence in the United States. The new model, calle...
Polestar Reported Strong EV Deliveries. Why the Stock Fell.
The latest delivery results from Polestar Automotive look solid, while the outlook for deliveries is even better. Investors seemed to be pleased before the September jobs number tanked the stock marke...
Tesla Challenger Polestar Looking to Deliver on Big Plans
Back in July, electric vehicle maker Polestar (PSNY) made a bold promise. The Gothenburg, Sweden-based company reported that it delivered 21,200 cars during the first six months of 2022, more than d...
Polestar confirms it will deliver 50,000 electric vehicles in 2022
Polestar, the Swedish electric performance car company, has announced that the world premiere of its next car, the Polestar 3 electric performance SUV, will be in October 2022. Polestar 3 is the compa...
GM to sell up to 175,000 electric vehicles to Hertz through 2027
General Motors has agreed to sell up to 175,000 electric vehicles to Hertz Global over the next five years, the companies announced Tuesday. The deal calls for GM to start supplying electric vehicles ...
Polestar 6 roadster confirmed for 2026 production
Polestar O2 electric roadster concept Source: Polestar Swedish electric vehicle maker Polestar said Tuesday that a popular electric roadster that it showed off earlier this year will officially go int...
Polestar on track to sell 50,000 EVs in 2022
Polestar, the electric vehicle maker that made its Nasdaq debut in June, said Wednesday it is on track to meet its annual sales target. For the first half of 2022, Polestar delivered approximately 21,...
Polestar confirms it’s on track to meet 2022 deliveries guidance
Attendees view a Polestar 2 electric vehicle (EV) during the Electrify Expo in Irvine, California, U.S., on Saturday, Sept. 18, 2021. Jill Connelly | Bloomberg | Getty Images Swedish electric vehicle ...
China’s Assault On European Electric Car Market Gathers Momentum
MG ZS electric vehicle (Photo by Vachira Vachira/NurPhoto via Getty Images) NurPhoto via Getty Images China’s long-term plans to conquer the European electric car market aren’t causing many headlines ...
Polestar debuts on Nasdaq: ‘a very different type of an EV startup’
Polestar debuted on Nasdaq under the ticker “PSNY” on Friday following completion of its merger with Gores Guggenheim – a special purpose acquisition company (SPAC). CEO Ingenlath&rs...
Polestar (PSNY) stock debuts on Nasdaq after SPAC merger
Shares of Polestar made their public-market debut under the ticker “PSNY” on Friday, making it the latest electric vehicle maker to go public via a merger with a special purpose acquisitio...
Polestar Makes a Move to Take On Tesla
Swedish electric vehicle company Polestar is set to go public on the the Nasdaq on June 24, joining several other automakers in the highly competitive EV market. The company, which is jointly owned by...
Polestar shares expected to debut Friday on Nasdaq after SPAC deal approved
Shares of electric vehicle company Polestar are expected to debut on the Nasdaq on June 24, after shareholders of special purpose acquisition company Gores Guggenheim Inc. GGPI, +11.87% approved the p...
Polestar, a New EV Company, Arrives This Week. It’s Worth More Than Rivian.
Text size Polestar expects to ship 50,000 electric vehicles in 2022 and 124,000 in 2023. Courtesy Polestar Polestar, the electric vehicle maker being spun out of Volvo Car , should begin trading on Fr...
May Sales At China Billionaire’s Geely Auto Drop 7% Amid Lockdown Disruptions; EVs Gain
Geely Auto is controlled by China billionaire Li Shufu. (Photo by Zhang Peng/LightRocket via Getty … [+] Images) LightRocket via Getty Images Geely Automobile Holdings, a China automaker control...
Polestar 3 SUV to boost Swedish EV-maker’s ‘growth trajectory’
Swedish electric vehicle (EV) maker Polestar finally debuted its highly-anticipated SUV, the Polestar 3. Initially teased back in December at the company’s investor day, Polestar says the new electric...
China’s Geely Auto To Buy 34% Of Renault Korea Motors In Bid For South Korean, Export Markets
Chinese billionaire Li Shufu controls Geely Auto, as well as Volvo Cars, Polestar and several other … [+] global brands. Photographer: Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP Geely Auto...
The 10 Richest Chinese Billionaires 2022
Fortunes of the Middle Kingdom’s wealthiest tycoons mostly fell over the past year as stocks declined and the Chinese government tightened its grip on tech companies. After a record-setting 2021, Chin...
EV startup Polestar signs deal to supply up to 65,000 vehicles to Hertz
Swedish EV startup Polestar will supply up to 65,000 vehicles to Hertz over five years, the two companies announced on April 4, 2022. Swedish electric vehicle maker Polestar will supply up to 65,000 v...
China Auto Billionaire’s Geely Sees No End To Chip Shortage That Cut ’21 Profit
Li Shufu, chairman of Zhejiang Geely Holding Group. Photographer: Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP Geely Automobile Holdings, the China automaker controlled by billionaire Li Shufu, sa...
Polestar Gets Sell Rating. Its Shares Rise.
Text size Lucid stock is down 74% from its 52-week high. Courtesy Lucid Motors The bubble in small capitalization electric vehicle stocks inflated then popped. Small EV shares still trade strangely, h...