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☆ Polestar cuts its guidance as it retools its business plan for lower EV sales, higher profits
▼ + stars: | 2023-11-08 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +3 min

At the time of its initial public offering last year, Polestar was targeting annual sales of about 290,000 vehicles by the end of 2025. For 2023, Polestar now expects to deliver "approximately 60,000" vehicles, at the low end of its previous guidance range, with a positive gross margin of about 2%. The company had previously guided to deliveries of between 60,000 and 70,000 vehicles in 2023, with a gross margin of 4% for the year. Polestar's gross margin was 1.1% in the first nine months of 2023 and 4.9% in 2022. Production of the Polestar 4, a smaller crossover SUV, will begin in China next week as planned, the company said.

Persons: Polestar, Thomas Ingenlath, Volvo — Organizations: Shanghai International Automobile Industry, National Exhibition, Convention Center, Geely Automobile, Geely, Volvo, Revenue Locations: Shanghai, China, Swedish, United States

☆ This Chinese EV maker can grab market share and double its earnings, Ariel Investments says
▼ + stars: | 2023-08-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Investors are underestimating a buying opportunity in Chinese EV maker Great Wall Motor, which could double its earnings from current levels, according to Ariel Investments. The Chinese SUV and pickup truck maker was named by the investment chief as a company to watch at a recent emerging markets panel. But Mallari-D'Auria said he expects Great Wall will grab market share in China as it increasingly builds out an SUV line with vehicles at higher price points. To be sure, there are risks around trading in Great Wall, whose primary listing is in Hong Kong. Over the longer term, the portfolio manager even expects Great Wall will start to gain market share in Europe, though while the near-term opportunity remains at home.

Persons: Henry Mallari, Ariel, Wall, Warren Buffett's, D'Auria, Nick Lai, — CNBC's Michael Bloom Organizations: EV, Ariel Investments, Ariel, Wall, BYD, Volvo, Warren, Warren Buffett's Berkshire Hathaway, JPMorgan Locations: Chicago, Ariel, U.S, China, Great, Hong Kong, Europe

În 2020, vânzările lui Outlander PHEV au fost depăşite de un model neaşteptat: Mercedes-Benz A-Class PHEV (A 250e). Mercedes-Benz A-Class plug-in hybrid / Sursa:PiataAuto.mdSistemul plug-in hybrid al lui A-Class combină un motor electric cu motorul turboaspirat pe benzină, de 1.33 litri, dezvoltând împreună o putere maximă de 218 CP şi un cuplu maxim de 450 Nm. Topul e continuat de BMW Seria 3 în motorizarea sa plug-in hybrid 330e, model care s-a vândut în 25,087 de unităţi. Pe poziţia a 6-a se clasează un alt model proaspăt lansat — Ford Kuga, cu 22,628 de exemplare plug-in hibride vândute în Europa pe parcursul anului. Pe poziţia a 9-a, foarte aproape de Audi Q5, se situează Mercedes-Benz E-Class, cu 18,549 exemplare vândute.

Persons: Outlander, -, Mitsubishi Outlander, Kia Niro Organizations: Mitsubishi, Mercedes, Benz, Mercedes - Benz, unităţi, Volvo, Volkswagen, BMW, Ford, Audi Locations: Europa, Germania, Austria, Belgia, Cehia, Croaţia, Danemarca, Elveţia, Finlanda, Franţa, Grecia, Irlanda, Italia, Britanie, Norvegia, Olanda, Polonia, Portugalia, România, Slovacia, Slovenia, Spania, Suedia, Ungaria

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