EV Brand Polestar Announces $1.6 Billion in New Financing as its Stock Price Falls Below $5
Electric performance vehicle brand Polestar, which is jointly operated by Sweden’s Volvo Cars and its parent company Chinese automaker Geely, announced its secured $1.6 Billion in financing from two major shareholders, including Polestar's parent company Volvo Cars, which is providing $800 million as part of an 18-month term loan with an equity conversion option.
Eric Walz2022-11-03 11:50 PT
Volvo’s Electric Vehicle Brand Polestar Reports $1 Billion in Revenue in the First Half of 2022, Adds 6 New Global Markets
Electric-performances brand Polestar is off to a strong start for the first half of 2022 following a strong Q1 with brisk sales of the Polestar 2 EV. In the first four months of 2022, customer reservations also more than tripled to nearly 23,000 vehicles compared to the same period in 2021.
Eric Walz2022-10-08 13:00 PT
Volvo’s Brand Polestar Confirms That the Polestar 6 Electric Roadster Will Enter Production and Launch in 2026
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
Shares of Volvo’s EV Brand Polestar to Begin Trading on the NASDAQ After Closing on its SPAC Deal With Gores Guggenheim
Electric performance brand Polestar, which is jointly operated by Sweden’s Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding ("Geely"), has closed on its previously announced business combination with Gores Guggenheim, a special purpose acquisition company. As a result, the the automaker’s shares will begin trading on the NASDAQ under the ticker symbol “PSNY” on June 24, 2022.
Eric Walz2022-07-30 08:30 PT
Polestar Shares the First Image of the Polestar 3 Electric SUV Ahead of its October Debut
Electric performance automaker Polestar has announced that the world premiere of its next electric vehicle, the Polestar 3 electric-performance SUV, will be in Oct 2022. The company released the first image of the electric SUV on Tuesday, which will be built at Volvo's factory in South Carolina beginning in early 2023.
FutureCar Staff 2022-07-14 08:25 PT
Volvo’s EV Brand Polestar Reports Record Q1 Sales, its New SUV Will Be Officially Unveiled in October
Electric performance brand Polestar, which is jointly operated by Volvo Cars and its parent company Geely in China, announced record sales in the first four months of 2022 along with a growing number of vehicle orders. Polestar credits its continued global expansion for the rising number of vehicle orders. The company also announced it will officially unveil the new Polestar 3 SUV in October, which will be built in the U.S.
Eric Walz2022-06-26 09:00 PT
The More Affordable, Single-Motor FWD Polestar 2 EV is Now Available in the U.S.
Polestar, the new electric brand established in 2017 and operated by Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding ("Geely"), has announced that its more affordable, single-motor, front-wheel-drive Polestar 2 hatchback is now available in the U.S. The single-motor Polestar 2 offers up to 270 miles of range and has a starting price of $45,900 before incentives, which is the lowest priced vehicle in Polestar’s current lineup.
FutureCar Staff 2022-04-30 15:30 PT
Volvo’s EV Brand Polestar Teases the Upcoming Polestar 3 Electric-Performance SUV in New York
Electric vehicle brand Polestar, which is a standalone brand jointly operated by Sweden’s Volvo Cars with support from its parent company Chinese automaker Geely Holding, unveiled a camouflaged teaser look of new Polestar 3 SUV at a media event in New York on Thursday. Polestar CEO, Thomas Ingenlath, hosted investors and press at a series of events in New York to discuss the company’s future vision and growth plans.
Eric Walz2022-01-08 11:55 PT
Electric Vehicle Brand Polestar to build its New SUV in the U.S.
Polestar, the electric vehicle brand owned by Swedish automaker Volvo and Chinese automaker Geely, announced on Wednesday that its next vehicle will be manufactured at the Volvo Cars production center in Ridgeville, South Carolina. The new vehicle is an electric-performance SUV called the Polestar 3.
FutureCar Staff 2021-07-23 11:15 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
Researchers at South Korea's Chung-Ang University Develop a ‘Meta-Reinforcement' Machine Learning Algorithm for Traffic Lights to Improve Vehicle Throughput
Eric WalzDec 22, 2022 2:30 PM PT