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Where some automakers see an EV demand crisis, Polestar sees an opportunity, but is its optimism justified?
The firm says the funding from 12 international banks will finance its next stage of vehicle development
Volvo is reducing its Polestar stake and will use the funds to invest in its own projects
The winning design will spawn a 1:64 scale Hot Wheels model that will be available for purchase
Rental firm has been stung by the heavy depreciation and repair costs affecting EVs
Out of the 23 electric cars tested in Norway, only one had a decrease of less than 6% in driving range, while the rest lost between 12 and 32%
The flagship Polestar 4 has two electric motors producing 544 hp and can hit 100 km/h in 3.8 seconds
Volvo is looking to sell its shares in Polestar and focus instead in the development of its own next-gen models
While the firm is publicly traded, Geely and Volvo still own 88% of shares and 93% of the voting rights
Car hire giant is slimming its electric lineup, which it says cost too much to fix when customers have a prang
Car brands including Xiaomi, Li Auto, Zeekr, and Great Wall will use the chipmaker’s computer systems
The bill includes over 90 hours of labor and $10,000 in parts despite appearing very minor
Many consumers are hesitant to splurge on a new EV given how quickly the industry and technologies are developing
The electric 6 Roadster is set for release in 2026, commencing with the initial batch of 500 LA Concept limited editions
The carmaker remains confident moving forward, noting that deliveries of the Polestar 4 will start in December
“I’m not saying we’d do this, but we’d like to do this,” said Polestar’s head of design
The brand’s announcement comes shortly after it confirmed the first Chinese deliveries will start in December
