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polestar > Page 3
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News April 13, 2024 0 comments on Polestar stumbles out of the gates in 2024 with low sales in Q1

Polestar stumbles out of the gates in 2024 with low sales in Q1

by Scott Nordlund

Polestar has had a rough start to 2024, with sales down 40% compared to the same period in 2023. The breakdown for the company is not promising, especially as the company has touted 2024 as […]

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News March 20, 2024 0 comments on Polestar gains access to Tesla’s Supercharger network in China

Polestar gains access to Tesla’s Supercharger network in China

by Darryn John

Polestar has announced that its electric vehicles (EVs) can now access Tesla’s Supercharger network across China. Tesla has been steadily giving access to its expansive and reliable Supercharger network to owners of other EVs over […]

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News March 8, 2024 0 comments on Polestar leaves Australian car lobby group following Tesla

Polestar leaves Australian car lobby group following Tesla

by Eva Fox

Following Tesla, Polestar has also left Australia’s Federal Chamber of Automotive Industries (FCAI) as disagreements with the automotive lobby group worsen. The group is not fulfilling its responsibilities and is harming the development of electric […]

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News February 28, 2024 0 comments on Polestar Secures $950 Million Lifeline After Volvo Pulls Out

Polestar Secures $950 Million Lifeline After Volvo Pulls Out

by Matt Wilson

Polestar has secured a significant financial boost, raising nearly $1 billion in a new loan from a group of banks. This infusion of capital comes at a crucial point for the Swedish electric vehicle (EV) […]

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News February 27, 2024 0 comments on Polestar announces the start of Polestar 3 production

Polestar announces the start of Polestar 3 production

by Scott Nordlund

Polestar has announced two significant milestones in terms of the upcoming Polestar 3. The company confirmed that production of the Polestar 3 has started in its Chengdu, China facility. Polestar also confirmed that early test […]

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hertz polestar
News February 5, 2024 0 comments on Hertz delays plans to buy Polestar EVs

Hertz delays plans to buy Polestar EVs

by Darryn John

Hertz has announced another shift in its electric vehicle (EV) strategy, with the rental car giant saying it will delay its purchase of Polestar EVs. In 2022 Hertz announced plans to purchase 65,000 Polestar EVs […]

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2024 Polestar 2
News February 1, 2024 0 comments on Volvo Halts Investment in Polestar, Transfers Stake to Geely

Volvo Halts Investment in Polestar, Transfers Stake to Geely

by David Odejide

Polestar is going independent of its parent company, Volvo Cars, which has announced it will stop investing in the EV maker. However, the two companies will still have much in common as they will continue […]

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642133_20211213_Polestar_Montreal_Debuts_Recycled_Container_Showroom
News January 26, 2024 0 comments on Polestar Announces Significant Job Cuts Amid Market Challenges

Polestar Announces Significant Job Cuts Amid Market Challenges

by Matt Wilson

Polestar has announced a significant reduction in its global workforce, cutting around 450 jobs, accounting for approximately 15% of its total staff. This decision comes amid challenging market conditions that have forced the company to […]

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News November 16, 2023 0 comments on Polestar Joins Tesla Supercharger Network in China

Polestar Joins Tesla Supercharger Network in China

by Eva Fox

Polestar has announced it has joined Tesla’s Supercharger network in China. The company follows SAIC-GM, which announced a similar partnership with Tesla earlier this month. Polestar China announced it will connect to the Tesla Supercharger […]

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polestar lineup
News November 9, 2023 0 comments on Polestar revamps business plan and adjusts delivery targets

Polestar revamps business plan and adjusts delivery targets

by Darryn John

In response to market challenges, Polestar has retooled its business plan, announcing more conservative delivery estimates for 2023 and unveiling a series of measures aimed at enhancing efficiency and profitability. The company, in its third-quarter […]

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