Polestar is now launching its Polestar 2 on the South Korean market. Prices for the electric sedan start at 54.9 million won for the single-engine version and 57.9 million won for the dual-engine variant. Orders are available now and deliveries are scheduled to begin in mid-March.
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The electric car brand Polestar has sold 29,000 vehicles worldwide in 2021, reaching its sales target. Compared to the previous year, sales increased by 185 per cent.
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Polestar is developing a new electric motor and battery pack with an 800-volt system, according to a media report. The drive system, which is to be used exclusively by Polestar, could make its debut in the Polestar 5.
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Volvo and Polestar are each working on an all-electric compact SUV, according to a British media report. However, according to the report, these will not be based on the same platform, but will each be independent. However, questions remain.
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The EPA has published range ratings for more electric models including the Polestar 2 single motor version, the Hyundai Ioniq 5, the Kia EV6 and the Volvo XC40 Recharge.
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Polestar has given a preview of its Polestar 3 electric SUV planned for next year with a new teaser image. There are also new figures on the growth targets of the Swedish-Chinese electric brand.
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Polestar has previewed the final design of the Polestar 5 in a documentary series on Youtube. The electric four-door performance GT based on the Polestar Precept study is scheduled for market launch in 2024.
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The electric car brand Polestar aims to increase its annual sales to 290,000 vehicles by the end of 2025 with expansion in existing and new markets and the introduction of three new models. By the end of 2023, Polestar should already be present in 30 markets – currently there are 14.
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Polestar is apparently close to completing the proposed SPAC merger with investment firm Gores Guggenheim that was first leaked in July. The official announcement could be made in the course of today, Monday.
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Polestar CEO Thomas Ingenlath revealed new information about the Polestar 3 at the IAA Mobility. The brand wants to offer the electric SUV with one as well as two drives. Ingenlath also gave new details about the interior.
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Polestar has announced that the single-engine variants of the Polestar 2, which were introduced in the spring, will be delivered for the first time this month. The Swedish-Chinese brand also plans to expand further globally.
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In Norway, 11,811 new electric cars were registered in August. The share of electric cars in new passenger car registrations was 71.9 per cent last month. Norway’s most successful model across all drive types in August was the Tesla Model Y with 1,308 new registrations.
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Volkswagen is the most innovative car company in 2021 – ahead of Daimler and Tesla. This is the result of a new study by the German Center of Automotive Management (CAM), which regularly publishes rankings of the most innovative corporations and premium brands.
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Swedish electric vehicle brand Polestar announced the extended range, lower pricing, and bespoke configuration for the model year 2022 Polestar 2 in the USA. Prices for the single motor version start at $45,000 before subsidies.
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Electric car brand Polestar will enter nine new markets later this year, doubling its presence to 18 markets worldwide. By the end of the year, the number of brick and mortar locations worldwide is also expected to double to around 100.
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Volvo Cars announced the acquisition of additional shares in electric car brand Polestar, bringing the car company’s stake back up to 49.5 per cent. Meanwhile, a media report says that Polestar is currently negotiating an IPO.
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The Swedish car manufacturer Volvo Cars will convert its Ridgeville plant in the US state of South Carolina into an all-electric car production facility. The company says that here, the fully electric cars “of the new generation will be built” before Europe and China.
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Volvo Car Group and Northvolt want to set up a joint venture to develop and produce more sustainable batteries tailored to power Volvo’s and Polestar’s next generation of pure electric cars. The plans include R&D and a large scale cell factory in Europe.
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Swedish electric car brand Polestar announces that its first SUV model, called Polestar 3, will be produced locally for customers in the US, at Volvo Cars’ Ridgeville manufacturing centre. Production of the Polestar 3 is expected to begin globally in 2022.
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Electric car manufacturer Polestar is exploring a wide-ranging alliance with South Korean conglomerate SK to advance the development of electric cars. The possible collaboration also includes a potential supply of SK batteries for upcoming Polestar vehicles.
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Drivers of electric cars from Volvo and Polestar may rejoice. The companies’ partnerships with Plugsurfing is reaping fresh tariffs with a significant price reduction for ultra-rapid charging at Ionity stations.
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Polestar has entered into a strategic partnership with blockchain provider Circulor. One element of the partnership is the tracking of CO2 equivalents through the supply chain. This is intended to help achieve Polestar’s goal of building a carbon-neutral car by 2030.
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Polestar has raised US$550 million from a group of long-term financial investors. With this private placement of newly issued shares, the company says “for the first time, external financiers demonstrated their confidence in Volvo’s electric car brand”.
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In the UK, Octopus Energy Group‘s EV arm, Octopus Electric Vehicles has launched a new leasing service called Electric Dreams. The service aims to help employees make the switch to clean driving easier and cheaper.
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Polestar is expanding the range for its purely electric hatchback Polestar 2. Three drive trains are now available. In addition to the already available dual-motor drive with 300 kW output and a 78 kWh battery, there are now also two variants with front-wheel-drive.
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German industrial designer Konstantin Grcic has teamed up with electric car brand Polestar, aluminium manufacturer Hydro and electric motorcycle maker Cake to create a concept of a multifunctional electric cargo vehicle for the city of the future called ‘Re:Move’.
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EV charging network operator ChargePoint and Volvo’s electric car subsidiary Polestar announced a new charging partnership. The debut includes an in-vehicle charging app for the Polestar 2 electric sedan.
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Polestar, Volvo’s electric car brand from Sweden, says it was expanding its retail presence across the United States with plans to open new Polestar Spaces in 15 cities by the end of this year. First cities will see the showrooms open within a few months.
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Volvo owner Geely and Volvo Cars have announced that they will forego their proposed merger and instead significantly deepen their existing cooperation as two separate companies. This includes, among other things, expanded joint use of modular architectures for electric cars.
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Volvo subsidiary and electric car manufacturer Polestar is in talks with investors to raise at least 500 million US dollars. At this stage, the corresponding financing round has not yet been concluded.
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