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
The Polestar 5 Sedan Will Have Dual Electric Motors With 884 HP
We got our first glance at a prototype of the forthcoming Polestar 5 at the 2022 Goodwood Festival of Speed taking place from June 23 through 26th.
Vineeth Joel Patel2022-08-02 07:15 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 2023 Polestar 2: Delivery Updates, New Pricing, Color Options and New Tech
Over the past few weeks, Volvo's electric brand Polestar revealed several new updates for the upcoming 2023 Polestar 2, the company's first mass-market EV. So let's get up to speed with everything you need to know about the new EV.
Manish Kharinta2022-06-15 15:30 PT
Polestar is Offering New Android R Infotainment Software as an OTA Update With Enhanced Features for the Polestar 2 EV
Volvo’s new electric brand Polestar announced that Polestar 2 EV owners can now download Android R for the vehicle’s built-in Android Automotive OS infotainment system developed by Google. The latest software update also brings enhanced app and functionality potential for the future updates. The software update will roll out to Polestar 2 owners starting this month.
Eric Walz2022-05-14 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
Polestar’s 02 Roadster Concept Represents the Future of Electric Performance Cars, it Also Features a Drone for Taking Aerial Driving Footage
Polestar unveiled its O2 Concept car on Wednesday, and it's one of the most striking examples of the future of electric performance. Polestar says the O2 hard-top convertible “redefines sports roadsters for the electric age.” The O2 concept follows the recently unveiled Precept Concept. Both vehicles are designed to showcase the innovation and potential of the electric Polestar brand.
Eric Walz2022-04-08 13:45 PT
Polestar to Collaborate With its Suppliers to Speed up the Development of an Entirely Climate Neutral Electric Car by 2030
Volvo’s new electric-only brand Polestar is all about sustainability. As part of a new initiative, The company is asking its suppliers to help it achieve its goal of producing an entirely climate neutral EV by 2030. Leading automotive industry suppliers, including SSAB, Hydro, ZF, ZKW and Autoliv, have already agreed to collaborate with Polestar to help the company reach its goal.
Eric Walz2022-04-01 09:45 PT
The Upcoming Polestar 5 EV Will Be Faster & Lighter Thanks to a New Bonded Aluminum Body Structure
Volvo’s electric brand Polestar is all about innovation, and the forthcoming Polestar 5 4-door GT will be no exception. The new EV's body structure will be built using a novel aluminum bonding technique. Bonded aluminum is lighter, yet more rigid, but up until now, using it in auto production has previously proven to be more labor-intensive and difficult without sacrificing quality, according to Polestar.
FutureCar Staff 2022-03-24 12:00 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
Polestar is Offering Two Years of Free DC-Fast Charging From Electrify America to Polestar 2 Drivers
Polestar, the electric-performance brand operated by Volvo Cars and its parent company Geely, is teaming up with EV charging operator Electrify America to offer Polestar 2 drivers two years of free DC fast charging sessions. The free charging offer is being provided to all Polestar 2 drivers, even those that have already purchased their vehicles or are still waiting to take delivery.
Eric Walz2021-11-27 14:00 PT
Volvo’s EV Brand Polestar Reveals an ‘Electric Transporter’ Prototype for Last Mile Delivery
Electric vehicle brand Polestar developed a compact electric transporter designed for zero-emissions, last-mile deliveries. The working prototype was unveiled at the IAA Mobility show in Munich. The transporter is named “Re:Move” and it's designed to support the rise in e-commerce and last mile delivery needs, particularly in urban areas.
Eric Walz2021-10-14 09:15 PT
Volvo's Electric Brand Polestar to Chronicle the Precept Sedan's Production Process in a YouTube Documentary Series
Volvo’s electric sub-brand Polestar released the first episode of a YouTube documentary series that will chronicle the design, development, and production process for the Precept EV concept.
Manish Kharinta2021-08-18 08:30 PT
Volvo-backed Electric Brand Polestar in Talks to go Public via a SPAC Deal, Sources Say
Polestar, the new electric performance brand of Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding Group Co (Geely), is in talks to go public through a merger with Gores Guggenheim Inc., a blank check-firm, according to people with knowledge of the matter.
FutureCar Staff 2021-08-14 13:05 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
Volvo’s Electric-Performance Brand Polestar Launches Mobile Service Program for the U.S.
Electric-performance brand Polestar Cars, a dedicated EV brand jointly owned by automakers Volvo and its parent company Chinese automaker Zhejiang Geely Holding (Geely), has announced a new mobile service plan. Under the program, a Polestar technician will visit a customer’s location to perform a variety of services, including software updates and minor repairs.
Eric Walz2021-07-04 08:00 PT
Polestar Develops its Own Video Streaming App for the Polestar 2 EV
Electric-performance brand Polestar, which is jointly owned by Swedish automaker Volvo and its parent company Chinese automaker Zhejiang Geely Holding (Geely), has developed its own video streaming app for its Polestar 2, the company's first mass-market electric vehicle. The beta app, which is available now in all European markets, offers web-based streaming content from various providers directly to the vehicle's 11-inch center-mounted touchscreen display.
Eric Walz2021-06-12 09:15 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