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Category: Polestar

Polestar is a Swedish automotive brand owned by Geely, a Chinese company.

Polestar doubles revenues, boosts margins, prepares to launch two models in 2023

Polestar 3

Polestar 3

Electric vehicle maker Polestar reported an 84 percent increase in revenue for 2022 to roughly US$2.5 billion as it exceeded a 50,000-vehicle delivery target.

Its net loss for the year fell to US$466 million from more than US$1 billion in 2021.

Polestar, a Swedish premium and performance car electric car company, is owned by China-based Geely. Geely also owns Volvo.

More » CNBC / The Driven

Polestar, the EV maker owned by China’s Geely, expects sales to hit 29,000 this year and to grow tenfold by 2025

The new Polestar 3 SUV will be built at Chinese-owned Volvo Cars’ plant in South Carolina starting in 2022.

Ben Klayman / Reuters »

Polestar expects global sales to hit 29,000 this year, and with plans to launch a new vehicle annually for the next three years, it expects to sell 290,000 units by 2025, Ingenlath said.

The Polestar 4 SUV coupe is scheduled to follow in 2023 and the Polestar 5 four-door GT in 2024. The company expects 40% of sales in the medium term to come from Europe and 30% each from North America and Asia.

Polestar expects revenue of $1.6 billion this year, double that amount next year, and is targeting $17 billion in 2025, according to Ingenlath.

More »

Elsewhere » Yahoo Finance / The Detroit Bureau / Autocar / Electric Car Report

Polestar and Volvo Cars are subsidiaries of China’s Zhejiang Geely Holding Group Co., Ltd.

Kia, Maxus, Stellantis, Polestar are taking part in the 1,200-mile EV Rally Of Scotland

The EV Rally of Scotland (EVROS) is a demonstration of Scottish EV charging infrastructure, combined with clean and innovative vehicle technology. The idea is to show that EV use across Scotland, and the rest of the UK, is not just ‘for the odd occasion’… It can be a ‘daily occurrence’… ‘the norm’!

The EVROS taking part during COP26. On Monday electric vehicles set off from Glasgow on a 5-day, 1200+ mile ‘e-Tour of Scotland’, taking in many of the beautiful landmarks in the country, but most importantly, showcasing the charging infrastructure across the region at the same time.

By the end of the week, the EVROS will have taken in every corner of Scotland, including a Western Isle, and will have completed more than 1900 km (1200 miles).

Participating EV automakers include Kia, Maxus, Stellantis, and Polestar.

More » EV Rally of Scotland

Elsewhere » Irish Tech News


Polestar 2 owners to receive two-years of free charging on the Electrify America network

Polestar 2

Electrify America announced they will provide owners of 2021 and 2022 Poletsar 2 electric vehicles with no-cost 30-minute charging sessions.

The agreement with Polestar – a Swedish electric performance car brand owned by China’s Geely – will give Polestar 2 drivers free charging for two years.

“We are thrilled to announce this offer for current and future Polestar 2 owners, streamlining the EV ownership experience for our customers,” said Gregor Hembrough, Head of Polestar North America. “Polestar is working continuously to provide them with substantial new benefits throughout their vehicle ownership journey, and this offer takes the stress and costs out of charging your Polestar 2.”

Electrify America’s more than 600 public stations across the USA.  The announcement did not mention if the agreement extended to Electrify Canada, a subsidiary of Electrify America.

This year alone Electrify America made similar agreements with Volvo, Mercedes-Benz, Audi, and Hyundai.

As part of Electrify America’s commitment to drive EV adoption and the future of mobility forward, the company announced plans to double its current EV charging infrastructure in the United States, with plans to have more than 1,700 ultra-fast charging stations and 9,500 individual chargers installed by the end of 2025. This expansion is a focused effort to build an advanced network consisting almost exclusively of 150 and 350 kW ultra-fast chargers – the fastest charging speeds available today – at convenient locations to provide customers with a superior charging experience.

Electrify America is owned by Volkswagen Group of America.

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