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MUNICH, May 17 (Reuters) - Electric car maker Fisker Inc (FSR.N) is exploring collaboration with other companies to scale up market share faster, Chief Executive Henrik Fisker said on Wednesday. If we collaborate with someone, you can scale quicker ... it could be with suppliers, other car companies, tech companies - we are exploring all these avenues," Fisker said, speaking at the Reuters Automotive Conference in Munich. The PEAR will have 25% fewer parts than a comparable car today, Fisker said. Instead, Fisker will build vehicles from steel, combining multiple parts into one using single stampings, he said. Fisker said eventually the company plans to have production capacity in Europe, China, the United States and India.

☆ Say goodbye to the US car market as we know it: Cheap Chinese EVs are coming
▼ + stars: | 2023-05-16 | by ( Nora Naughton | Tim Levin | ) www.businessinsider.com time to read: +6 min

After years of eyeing the American market, Chinese brands are poised to arrive. After years of preparation, Chinese car companies are poised to upend the US electric-vehicle market. Chinese EV manufacturers can gain a foothold in the US by coming in at a budget price point, analysts said. "I've driven a number of the Chinese EV brands, and boy oh boy, the Europeans are in trouble." The sheer size of the US car market means new entrants will need to build locally to compete seriously in the long term, he said.

☆ I drove the electric Nissan Ariya SUV. It's a strong rival to Tesla, but not as tech-forward and fun to drive.
▼ + stars: | 2023-05-14 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

When it comes to styling, the Ariya isn't quite as futuristic looking as a Kia EV6 or Polestar 2, but it isn't boring either. It's stylish and somewhat distinctive, but not over the top. The 2023 Nissan Ariya. Tim Levin/Insider

☆ Post-Covid, post-bankruptcy Hertz is all-in on electric, with big implications for the EV, auto and rideshare market
▼ + stars: | 2023-05-14 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

In this article HTZ Follow your favorite stocks CREATE FREE ACCOUNTTesla Model 3 electric vehicles at a Hertz neighborhood location. These deals began to roll out last year, after Hertz's first Teslas hit the road in 2021 and experiments with rental EVs extended back over the past decade. "At the end of [March], we had about 50,000 electric vehicles in our fleet, comprising approximately 10% of total cars," Scherr said. Hertz has also told analysts that the growing EV rideshare market can be a buffer against traditional quarterly peak to trough experienced in the leisure business. The benefits of using an EV begin with a $1 per ride credit to the driver for using an EV, Uber spokeswoman Alix Anfang said.

☆ Polestar to cut 10% of workforce as delays push upcoming SUV to 2024
▼ + stars: | 2023-05-11 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Swedish electric vehicle maker Polestar on Thursday trimmed its full-year production guidance, saying that its upcoming Polestar 3 SUV will be delayed until 2024 because of software issues. Polestar cut its full-year production guidance to between 60,000 and 70,000 vehicles in 2023, down from 80,000 in its earlier outlook, because the launch of the upcoming Polestar 3 SUV will be delayed until 2024. It now expects to begin shipping the Polestar 3 in the first quarter of 2024. The company's other upcoming new model, a smaller crossover SUV called Polestar 4, is still on track to launch in China in the fourth quarter of 2023, and elsewhere in early 2024. "While production of Polestar 3 will now start in the first quarter of 2024, the successful launch of Polestar 4 last month means that we add two strong offers in the attractive electric SUV market in 2024.

☆ Geely's London black cab unit unveils new large EV platform
▼ + stars: | 2023-05-04 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

[1/2] A worker places a taxi sign onto the roof panel of a TX electric taxi inside the LEVC (London Electric Vehicle Company) factory in Coventry, Britain, January 18, 2023. REUTERS/Phil Noble/File PhotoANSTY, England, May 5 (Reuters) - Geely (0175.HK) unit London Electric Vehicle Company (LEVC) on Friday unveiled a new, large electric-vehicle (EV) platform for vehicles ranging from people-movers to commercial vans that it said could also be used by other units of the Chinese carmaker. But executives said they could not provide details of which EVs LEVC would focus on first, when the new EVs might roll off the production line or where they will be made. As such, Geely faces complexities that larger EV makers BYD (002594.SZ) and Tesla Inc (TSLA.O) have avoided. LEVC Managing Director Chris Allen told Reuters that the brand was positioning itself within the Geely group to provide larger EVs that "give more space, more opportunities, more flexibility with a larger vehicle size."

☆ 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.

☆ Mobileye shares plunge after self-driving tech company cuts guidance amid Tesla's EV price war
▼ + stars: | 2023-04-27 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Mobileye signage during the company's IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Shares of Mobileye, Intel 's self-driving subsidiary, were trading sharply lower on Thursday after the company cut its full-year forecast, citing weakness in China's electric vehicle market. In January, the company guided to revenue between $2.192 billion and $2.282 billion and an operating loss between $110 million and $160 million. China's EV market has been roiled by Tesla 's recent aggressive price cuts and a reduction in government incentives for EV buyers. Mobileye counts Chinese EV makers Nio and Zeekr, a unit of Chinese automaker Geely, among its customers.

☆ Here are Thursday's biggest analyst calls: Apple, Meta, Amazon, Ford, Activision Blizzard & more
▼ + stars: | 2023-04-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Thursday's biggest calls on Wall Street: Bernstein reiterates Apple as market perform Bernstein said it remains "torn" on Apple heading into earnings next week. Morgan Stanley reiterates Meta as overweight Morgan Stanley raised its price target on the AI beneficiary to $300 per share from $250 after the company's earnings report Wednesday. " Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by its overweight rating heading into earnings next week. Citi reiterates Amazon as buy Citi said it's bullish on the e-commerce giant heading into earnings on Thursday after the bell. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said the stock is one of the firm's top picks heading into earnings in May.

☆ TikTok is looking more and more like a record label. It’s annoyed many in the music industry.
▼ + stars: | 2023-04-21 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

Allbirds is one of the brands I'm looking at. TikTok is looking more and more like a record label. When TikTok launched SoundOn, a song-distribution and artist-services platform, some in the industry wondered whether it was trying to muscle its way into record labels' territory. TikTok is now looking to hire people who will "identify, sign, and develop new artists" as well as "design live show and merchandise strategies for artists globally." Get a front-row seat to TikTok's transformation into a record label here.

☆ At Shanghai show, auto rivals lure drivers with in-car karaoke, crystal balls
▼ + stars: | 2023-04-20 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +4 min

[1/2] A Zeekr X is displayed at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly SongSHANGHAI, April 20 (Reuters) - Automakers keen to make a splash at the Shanghai auto show showed off vehicles boasting features from crystal balls to in-car karaoke systems and 3D dashboards, as competition to attract drivers heats up in the world's largest auto market. Chinese automakers have been grabbing market share from foreign rivals in recent years in part by courting drivers with tailored lifestyle services and by releasing new models more quickly. "So many new vehicles, so many new Chinese vehicles looking very good," said Patrick Koller, chief executive of French auto parts supplier Faurecia (EPED.PA). This costs a fortune and it doesn't give you the time to really mature innovations and technology," Koller said.

☆ Electric Tesla-rival Polestar revealed a new, $60,000 SUV that has no rear window
▼ + stars: | 2023-04-20 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

Plus, it gets retractable door handles and a low nose to help it slip through the air with minimal drag. That's crucial for getting the most range out of an electric vehicle. The 2025 Polestar 4.

☆ Polestar’s new SUV has no back window
▼ + stars: | 2023-04-19 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

The Polestar 4 is a “coupe-shaped” SUV, with a rear roof that slopes down rather than having a flat back end. These cameras provide a better view than one could get using the inside rear view mirror, anyway, especially in an SUV. Beside that, many vehicles also have camera-based rear view mirrors inside the cabin instead of just the regular reflecting mirror. That way, the rear view “mirror” always has a clear view, even if there are tall passengers or cargo in the back. The Polestar’s 4’s moonroof stretches farther back than it could if there were a back window, giving those in the back a better look at the sky.

☆ We got an early look at the coolest new electric SUV you've never heard of. See inside the $84,000 Polestar 3.
▼ + stars: | 2023-03-30 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

The Polestar 3 should be in customers' hands toward the end of 2023, and a cheaper model is on the way after that. The Polestar 3 electric SUV. Tim Levin/Insider

☆ Car companies stand to make billions charging monthly fees for features like heated seats. Electric vehicles make that even easier for them.
▼ + stars: | 2023-03-29 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Electric cars are less profitable for automakers than gas-powered ones. There's a simple reason why: EVs aren't very profitable for automakers — and certainly nowhere near how profitable gas-powered cars. Subscriptions and additional offerings post-initial transactions are part of why automakers are especially interested in leasing their EVs. So major changes are in store as automakers navigate shifting consumer behaviors, industry headwinds, and especially, increasingly attractive competition. "This looming threat adds pressure on the traditional dealer model and threatens to impact the bottom line," the report says.

☆ I drove the $40,000 Kia Niro EV and found it's a solid electric SUV for people who want something more traditional than a Tesla
▼ + stars: | 2023-03-29 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

I tested the 2023 Kia Niro EV, a $39,550 electric SUV. The 2023 Kia Niro EV is none of those things. The 2023 Kia Niro EV. The 2023 Kia Niro EV. The 2023 Kia Niro EV.

☆ Polestar plans to unveil new electric SUV model that costs $83,900
▼ + stars: | 2023-03-28 | 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 EmailPolestar plans to unveil new electric SUV model that costs $83,900Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Thomas Ingenlath, Polestar CEO, joins the show.

☆ Kia just unveiled its Telluride-sized EV
▼ + stars: | 2023-03-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —The big Kia Telluride SUV, with three roomy rows of seats, has been a major hit for the South Korean car brand. So, for those ready to switch to electric vehicles, KIa just unveiled its all-electric big SUV. The Kia EV9, like the Telluride, has lots of seats and they can also do some neat tricks. More powerful versions will also be available, including an all-wheel-drive version with two motors capable of a combined 282 kilowatts, or 378 horsepower. Kia’s two current electric models, the much smaller Kia Niro EV and EV6, start at about $41,000 and $50,000, respectively.

☆ Luminar CFO defends lidar maker's pricing and revenue in the wake of a Goldman downgrade
▼ + stars: | 2023-03-24 | by ( John Rosevear | ) www.cnbc.com time to read: +3 min

A Mercedes-Benz van retrofitted with different types of lidar systems, including Luminar's Iris, to showcase the differences in the technologies. Lidar maker Luminar Technologies , stung by a recent Wall Street downgrade, is responding in an unusual way: taking its case directly to the shareholders. "We continue to see Luminar as one of a handful of leaders in the very competitive lidar industry," Delaney wrote. "'Premium pricing' isn't a theoretical concept we are forecasting, but an achievement we have already made in our major customer contracts," Fennimore wrote in the shareholder letter. And the second point Fennimore says Goldman missed: The time frame Delaney chose to compare Luminar's valuation against those of its rivals.

REUTERS/Rebecca Cook/File PhotoMarch 6 (Reuters) - American carmakers will lean on technology to keep the horsepower wars going among their electric muscle cars, a tectonic shift from the big, rumbling motors of the past. GM and Dodge have both issued timelines to stop selling gas-powered muscle cars and replace them with electric variants that will wear the same badges. Dodge's Charger and Challenger muscle cars will not be made next year, while Chevrolet has laid out plans for an electric Corvette. Brands such as Polestar and Mercedes-Benz (MBGn.DE) have announced optional power upgrades to their sedans that improve acceleration and total horsepower via paid OTA (over-the-air) software updates. Dodge has said it will transition its muscle cars to an electric platform, and is working to differentiate those models.

☆ His Porsche Looks Like a Glass of Rosé on Wheels
▼ + stars: | 2023-03-04 | by ( A.J. Baime | Photographs Winni Wintermeyer For The Wall Street Journal | ) www.wsj.com time to read: 1 min

John Paolo Canton , 40, head of communications at Polestar (an electric-vehicle brand recently launched by Volvo Cars), who lives in San Francisco, on his 1968 Porsche 912, as told to A.J. In 2005, I met a new friend named Pete at the Road America racetrack in Wisconsin. He had a Ducati dealership and was involved in racing, and I worked with racing motorcycles. On the day I met him, he had this Porsche 912 with him. He had restored the car and painted it a strawberry-red that was highly unusual, not just for a Porsche, but for any car.

☆ Polestar cuts annual losses in half as it ramps up EV production
▼ + stars: | 2023-03-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Swedish electric vehicle maker Polestar cut its annual net losses in half last year, while revenue surged and it attempted to set itself apart from other EV startups. The company on Thursday reported an 84% increase in revenue for 2022 to roughly $2.5 billion as it exceeded a 50,000-vehicle delivery target. The majority of that increase will come from an updated Polestar 2 EV, according to Ingenlath. The company is releasing two new EVs this year – Polestar 3 and Polestar 4 – that are expected to hit their production strides in 2024. Polestar's relatively positive results come after other EV startups like Lucid , Nikola and Rivian reported ongoing problems with supply chains and production, causing them to miss production or sales targets.

☆ Polestar CEO Thomas Ingenlath on Q4 results
▼ + stars: | 2023-03-02 | 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 EmailPolestar CEO Thomas Ingenlath on Q4 resultsPolestar CEO Thomas Ingenlath joins CNBC's 'Squawk Box' to discuss the company's fourth-quarter revenue growth, delivering a fleet of high-end EV vehicles in 2023, and Polestar's plan for profitability.

"We will not engage in a price war...we are aiming to become a very premium sportscar company...," chief executive Thomas Ingenlath told Reuters. "It's very clear that this is a completely different aim from where Tesla is going, with 20 million cars per year." Demand for electric cars has weakened for U.S. EV startups Rivian (RIVN.O) and Lucid (LCID.O), with both carmakers forecasting 2023 production well below analyst estimates. But Polestar reaffirmed the 2023 production outlook it gave in January of 80,000 cars, up from the roughly 51,000 it delivered in 2022. The company reported a gross profit of $61.9 million versus a loss of $0.2 million in the same quarter in 2021.

☆ I've tested 19 electric cars. There are 4 huge reasons you should consider buying one.
▼ + stars: | 2023-03-01 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

I've driven electric cars from Tesla, Audi, Porsche, Hyundai, Kia, Volkswagen, Rivian, and more. EVs are quick, fun, and quietThe 2022 Kia EV6 GT-Line. Tim Levin/InsiderAlmost all EVs, from budget Chevys to sporty Audis, have more pep in their step than comparable gas cars. The 2022 Kia EV6. Tim Levin/InsiderSince electric cars lack bulky components like an engine and transmission, automakers enjoy lots of flexibility to add extra interior room for people and stuff.

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