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Jim Rowan - 1 Thomas Peter - 1 StoreDot - 1 Thomas Ingenlath - 1 Doron Myersdorf - 1 Myersdorf - 1 Polestar - 1 Steven Scheer - 1
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Swedish China Seoul South Korea Polestar Geely Sweden Auto China Beijing
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Polestar Automotive - 4 Volvo - 3 Thomson - 3 REUTERS - 2 EV - 2 Research - 2 Volvo Cars - 1 Geely - 1

Search resuls for: "Polestar Automotive"


7 mentions found


☆ Volvo Cars CEO: Stopping Polestar funding is a 'natural evolution'
  + stars: | 2024-02-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVolvo Cars CEO: Stopping Polestar funding is a 'natural evolution'Volvo Cars CEO Jim Rowan discusses fourth-quarter earnings and the company's decision to stop funding Polestar Automotive.
Persons: Jim Rowan Organizations: Volvo, Polestar Automotive
☆ Volvo shares jump 24% on higher sales, plans to stop Polestar funding
  + stars: | 2024-02-01 | by ( Elliot Smith | ) www.cnbc.com   time to read: +1 min
Volvo Cars shares surged more than 24% Thursday after the Swedish automaker announced that it will stop funding subsidiary Polestar Automotive. Volvo earlier in the day reported a 10% year-on-year increase in fourth-quarter net sales to 148.1 billion Swedish krona ($14.16 billion), bringing its full-year 2023 total to 552.8 billion krona. Adjusted operating income jumped to 18.38 million krona from 12.17 million for the same period in 2022. The group announced that it may hand stewardship of ailing luxury car brand Polestar over to majority Volvo shareholder Geely Holding . "We are therefore evaluating a potential adjustment to Volvo Cars' shareholding in Polestar, including a distribution of shares to Volvo Cars' shareholders.
Organizations: Volvo, Volvo Cars, Polestar Automotive, Geely, Geely Sweden Holdings Locations: Seoul, South Korea, Swedish, Polestar, Geely Sweden
☆ Polestar the first EV maker to incorporate StoreDot's fast-charging batteries
  + stars: | 2023-11-09 | by ( Steven Scheer | ) www.reuters.com   time to read: +2 min
Under the terms of the deal the two companies will collaborate on incorporating the fast-charging technology into Polestar vehicles. A prototype will be demonstrated next year, and StoreDot said it hopes Polestar cars using its extreme fast-charging batteries will be on the road by 2027. Polestar CEO Thomas Ingenlath said the collaboration with StoreDot would give EV owners "the ability to recharge in minutes". "What used to be range anxiety in electric vehicles is now transforming to charging anxiety," StoreDot CEO Doron Myersdorf said. Polestar last month said deliveries of electric vehicles (EV) rose 50% in the third quarter from a year earlier but fell 12% from the second quarter.
Persons: Thomas Peter, StoreDot, Thomas Ingenlath, Doron Myersdorf, Myersdorf, Polestar, Steven Scheer, Jan Harvey Organizations: Beijing International Automotive, Auto, REUTERS, Rights, Volvo, BP, Daimler, StoreDot, EV, Reuters, Thomson Locations: Auto China, Beijing, China, Swedish
☆ Swedish EV maker Polestar's deliveries rise 50% in Q3
  + stars: | 2023-10-05 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Victoria Klesty/File Photo Acquire Licensing RightsCompanies Polestar Automotive Holding Uk Plc FollowOct 5 (Reuters) - Polestar Automotive Holding's deliveries of electric vehicles (EV) rose 50% in the third quarter from a year earlier, sending its shares up about 3% in premarket trading. The Swedish EV maker, however, reported a quarterly decline of 12% in deliveries to 13,900 units, compared with the second quarter, as high borrowing costs dent global demand for new vehicles. Globally, EV sales grew 49% to 6.2 million units in the first half of the year, a report by data analytics firm Canalys Research showed. Polestar Automotive, which is scheduled to announce its third-quarter results on Nov. 8, reiterated its tempered delivery forecast of 60,000-70,000 vehicles for the full year. The company expects to start deliveries of the Polestar 4 compact luxury crossover in China in the current quarter.
Persons: Arsheeya, Shweta Agarwal Organizations: REUTERS, Polestar Automotive, EV, Research, Polestar, Thomson Locations: Oslo, Norway, Victoria, Swedish, China, Bengaluru
☆ SPAC shell games will keep hiding the ball
  + stars: | 2023-10-05 | by ( Jeffrey Goldfarb | ) www.reuters.com   time to read: +9 min
It’s more or less how another 216 companies backed into public markets in 2021, according to SPAC Research. They’re on track to miss the mark by more than 40%, delivering only about $55 billion, according to recent forecasts compiled by LSEG. The electric-vehicle industry, for one, was a serial SPAC user whose exuberance sputtered badly. Dressing them up as acquisitions of private firms by listed shell companies enables the participants to play by looser rules. SPAC investors buy shares in the empty vessel before its sponsor and takeover target agree on a valuation.
Persons: Vishal Garg, Better’s, Breakingviews, SPACs, ”, Joel Rubinstein, Donald Trump’s, Spruce, Woodruff Sawyer, Gary Gensler, Ellis, Gensler, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, & Finance, Research, LSEG, Polestar Automotive, White, The Securities, Exchange Commission, XL Fleet, SEC, Reuters Graphics Reuters, Case, Kirkland, U.S . Securities, Financial Services, Thomson
☆ Shares of this Swedish EV maker could nearly double, Cantor Fitzgerald says
  + stars: | 2023-04-27 | by ( Sarah Min | ) www.cnbc.com   time to read: +3 min
Investors should consider buying Polestar Automotive as electric vehicle demand ramps up, according to Cantor Fitzgerald. PSNY 1D mountain Polestar Automotive shares 1-day Polestar is based in Sweden and started as a joint venture between the country's Volvo and China's Geely in 2017. Polestar shares dropped 54% in 2022, and are down about 35% this year. Polestar shares are up more than 2% during Thursday trading. "The company reported annual revenue of ~$2.5B in 2022, after delivering 51,491 vehicles (above company guidance of 50,000)," Sheppard wrote.
☆ Hertz Names First CMO Since 2020 Amid New Focus on Electric Vehicles
  + stars: | 2022-12-08 | by ( Patrick Coffee | ) www.wsj.com   time to read: +4 min
Hertz Global Holdings Inc. named former GE Appliances marketer Wayne Davis as its new chief marketing officer, making him the first CMO at the car rental services company since 2020, a spokesman said. The company’s most recent chief marketing officer, Jodi Allen, died in 2020. Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. Electrification “speaks to mobility, and it speaks to making Hertz a brand for the future,” Mr. Davis said. Mr. Davis previously spent more than a decade at General Electric’s appliances division, which became GE Appliances after being acquired by Haier Smart Home Co. Ltd. in 2016.
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