Electric performance car brand Polestar has confirmed plans to put its electric roadster concept into production. The production version of the battery-powered sportscar car is expected to launch in 2026 as the “Polestar 6”. Polestar was able to take the classic look of iconic roadsters of the past and incorporate the design elements into a modern, fully-electric sportscar.
Eric Walz2022-09-22 09:00 PT
Volvo’s Parent Company Geely Launches a New Outdoor Lifestyle EV Brand Named 'RADAR'
Chinese automaker Zhejiang Geely Holding Group Ltd (“Geely’), which is the parent company of Sweden’s Volvo Cars, is following in Rivian’s footsteps and launched a new outdoor lifestyle EV brand in China named RADAR. The brand will target urban professionals that want an electric vehicle to take on weekend adventures such as camping trips.
FutureCar Staff 2022-08-19 09:30 PT
J.D. Power Study Finds That EVs Are More Problematic Than ICE Cars
Polestar had the worst score of any automaker that was included in the study, while Tesla was well below average.
Vineeth Joel Patel2022-08-09 07:15 PT
Polestar, the new electric vehicle brand operated by Volvo Cars and its parent company Geely, announced a new strategic partnership and investment in Israel-based battery startup StoreDot, a developer of extremely fast charging technology for electric vehicle batteries. StoreDot says it has revolutionized conventional Lithium-ion EV batteries by designing and synthesizing proprietary organic and inorganic compounds for a battery’s anode materials.
Eric Walz2022-06-30 06:50 PT
Hertz to Purchase up to 65,000 Electric Vehicles From Volvo’s Brand Polestar Over the Next 5 Years
Hertz announced on Monday that it will purchase up to 65,000 electric vehicles from Volvo's electric brand Polestar over the next five years. Availability of the Polestar vehicles is expected to begin this Spring in Europe and late 2022 in North America and Australia. Hertz aims to offer the largest electric rental fleet in North America.
Eric Walz2022-05-11 08:30 PT
Electric vehicle battery startup Northvolt and Finnish company Stora Enso, a leading provider of renewable paper products, announced the signing of a letter of intent to purchase a shuttered paper mill and industrial area in Borlänge, Sweden. Northvolt will develop the Kvarnsveden Mill site into a manufacturing plant for active cathode materials and EV battery cell production.
Eric Walz2022-04-06 13:30 PT
Kia EV6 Buyers to Get 1,000 kWh of Free Charging in a New Partnership With Electrify America
Automaker Kia and electric vehicle charging provider Electrify America have announced a partnership that will give EV6 buyers 1,000 kilowatt-hours (kWh) of complimentary EV charging at any Electrify America station in the U.S. According to Kia, the agreement between the two companies will provide EV6 drivers around 3,500 to 4,000 miles of all-electric driving at no cost, depending on the vehicle model and various driving conditions.
Eric Walz2022-03-31 09:30 PT
Automaker Volvo Cars and its electric vehicle battery partner Northvolt are establishing a new battery manufacturing plant in Gothenburg, Sweden which will start producing batteries in 2025, the two companies announced. Once completed, the battery cell joint venture factory will be one of the largest EV battery cell factories in Europe. Volvo Cars and Northvolt appointed former Tesla executive Adrian Clarke to lead the new joint venture.
Eric Walz2022-03-16 11:00 PT
Electric performance brand Polestar announced the opening of its 16th retail showroom in the U.S. on California’s famed Pacific Coast Highway. The prime location in Laguna Beach will reach customers living throughout Orange County, a key market for EVs and the second largest one in California. Polestar’s new location will give customers the opportunity to experience Polestar vehicles first-hand and ask questions in a non-traditional, low pressure environment without salespeople.
FutureCar Staff 2022-03-09 11:45 PT
Polestar Precept Concept Set to Become 2024 Polestar 5
The Polestar Precept Concept that was unveiled last year will officially go into production in 2024.
Vineeth Joel Patel2022-01-04 07:15 PT
Volvo Cars Shares Surge 22% After its $2.3 Billion IPO and Debut on the NASDAQ Stockholm
Swedish automaker Volvo Cars is the latest automaker to go public after the company completed its planned European IPO on Friday. The automaker's shares are listed on the NASDAQ Stockholm. Volvo Cars scaled back its IPO earlier this week, pricing it at the low end of its previously announced range of SEK 53 to 68 per share. The shares surged 20% reaching SEK 63 (US$7.32) on the first day of trading before settling back near the offer price.
FutureCar Staff 2021-12-05 13:30 PT
Volvo Cars Announces Plans for an IPO, Aims to Raise $2.9 Billion
Sweden-based automaker Volvo Cars, which is owned by Chinese automaker Zhejiang Geely Holding Group Co. (“Geely”), on Monday announced its intention to launch an Initial Public Offering (IPO) and to list its class B shares on Nasdaq Stockholm. For the proposed IPO, Volvo Cars is expected to issue new shares to raise gross proceeds of approximately SEK 25 billion (US$2.8 billion).
FutureCar Staff 2021-11-10 11:30 PT
After months of rumors, electric-performance vehicle brand Polestar, which is jointly operated by Swedish automaker Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding (“Geely”), announced on Monday an agreement to merge with special purpose acquisition company (SPAC) Gores Guggenheim, Inc.
Eric Walz2021-11-03 10:15 PT
Chinese automaker Geely Automobile and its parent Zhejiang Geely Holding Group Co. (Geely) raised $500 million in the first-ever external funding round for its new jointly owned premium electric vehicle brand Zeekr. Geely announced it was establishing Zeekr in March as a standalone brand to compete with Tesla, XPeng, NIO Inc. and others in the premium EV market in China.
Eric Walz2021-10-06 10:00 PT
Swedish automaker Volvo Cars has struck a deal to buy out parent company Zhejiang Geely Holding (Geely) from its joint ventures in China, in a move that could make a possible initial public offering (IPO) of Volvo Cars more attractive to investors. Chinese automaker Geely is the parent company of Volvo Cars and the two companies are joint venture partners in China building cars for the local market.
FutureCar Staff 2021-08-27 13:00 PT
Volvo Cars to Take a Bigger Stake in Electric-Performance Brand Polestar
Swedish automaker Volvo Cars is acquiring additional shares in electric electric performance vehicle brand Polestar, the automaker announced on Monday. The additional shares in Polestar will increase Volvo Cars’ stake to 49.5%. Polestar is the new EV brand operated by Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding Group Co (Geely).
FutureCar Staff 2021-08-18 13:20 PT
Italy Fines Google for Excluding the ‘JuicePass’ EV Charging App From Android Auto
Italy's competition regulator has fined U.S. tech giant Google 102 million euros (US$123 million) for excluding an e-mobility app developed by energy company Enel from the U.S. tech giant's open Android platform. Google has not allowed Enel's JuicePass smartphone app to operate on Google's Android Auto app for the past two years.
FutureCar Staff 2021-06-20 07:30 PT
Electric Brand Polestar Raises $550 Million in its First External Investment Round
Electric vehicle brand Polestar, which is jointly owned by Swedish automaker Volvo and Chinese automaker Zhejiang Geely Holding (Geely), announced it raised $550 million in its first ever outside investment round. The new financing comes as investors pour money in electric vehicle stocks and related companies working on advanced mobility, including EV battery technology and self-driving vehicles.
Eric Walz2021-05-22 09:45 PT
Volvo’s new electric vehicle brand Polestar is part of a new joint project with four other companies in Sweden to accelerate the development of Vehicle-to-X (V2X) technology, including Vehicle-to-Grid (V2G) and Vehicle-to-Home (V2H). The project is being supported by the Swedish Energy Agency.
FutureCar Staff 2021-05-08 09:45 PT
Automakers Geely & Volvo Cars to Launch a New Powertrain Joint Venture After Merger Talks End
Sweden-based Volvo Cars and Chinese automaker Geely Auto are combining their vehicle powertrain operations in a new joint venture company while still retaining their existing independent corporate structures. In addition to developing new EV powertrains under the new venture, the two automakers will share electric vehicle architectures and autonomous driving technologies.
Eric Walz2021-04-02 18:30 PT
LG Develops ‘Invisible' Speaker Sound Technology That Could Revolutionize In-Vehicle Audio
Eric WalzDec 28, 2022 10:45 AM PT
Toyota's Redesigned Prius May Get More Drivers Behind the Wheel of a Hybrid Vehicle
FutureCar Staff Dec 25, 2022 12:50 PM PT
Eric WalzDec 22, 2022 2:30 PM PT
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