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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The problems with the Polestar 2 are apparently more serious than previously assumed. In an official statement, Polestar has announced a recall campaign so the company can replace defective inverters in most of the customer vehicles delivered.
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PSA has temporarily halted the market launch of Polestar in France with a lawsuit. PSA claims that the logo of the Swedish-Chinese electric car brand is too similar to those of Citroën and DS.
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Geely plans to build a new plant in the Chinese city of Chongqing, where electric cars will be produced for the Polestar brand. The new plant is reported to plan production capacities for “30,000 premium electric vehicles” annually.
Weiterlesen The US EPA has published its range ratings for the all-electric models Volvo XC40 Recharge and Polestar 2 with surprisingly low values: 208 miles (335 km) for the Volvo XC40 Recharge and 233 miles (375 km) for the Polestar 2.
Weiterlesen Following reports of problems with the all-electric Polestar 2 after deliveries started a few weeks ago, Polestar confirmed that they detected “a software error in the battery power control module, which, in very rare cases and without warning can lead to a loss of drive”.
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Polestar announced that the Polestar Precept concept presented earlier this year would go into production. CEO Thomas Ingenlath said it would take “at least three years” before the company can begin producing the fully electric four-door Grand Tourer.
Weiterlesen After Polestar started European delivery of the purely electric Polestar 2 at the end of July in Sweden and Norway, customers in Germany are now getting their turn.
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Polestar has started deliveries of the Polestar 2 earlier than planned. The first European customer vehicle has now been handed over at the company’s headquarters in Gothenburg, which is ahead of schedule and was not supposed to take place until August.
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Volvo Cars, with its Polestar and Lynk & Co. brands, has entered into a strategic partnership with Waymo. They aim to integrate Waymo’s technologies for autonomous driving into a new electric vehicle platform for ride-hailing services.
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The first delivery of purely electric Polestar 2 has arrived for customers in Europe. The vehicles are now being prepared in Belgium for further transport – but not to the UK, Germany and the Netherlands quite yet.
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Polestar will be cooperating with Plugsurfing in Europe to offer its customers access to the 195,000 charging points of the Plugsurfing network. This should make public charging easier across national borders.
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Polestar has announced their first retail partners for the US market, which will help Volvo’s plug-in brand to set up a network of so-called Polestar Spaces in New York and Los Angeles as well as San Francisco this year.
Weiterlesen Polestar has published the prices for its first purely electric model in the USA. The list prices of the Polestar 2 start at 59,900 US dollars: The battery-electric car qualifies for the federal tax credit of 7,500 dollars.
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At the end of February, Polestar presented the Precept, as a preview of future electric models. More details were to be revealed at the Geneva Motor Show in March, but since the car show was cancelled, Polestar has now revealed slightly more about the company’s design direction with the Precept.
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In Luqiao, China Polestar has kicked-off series production of the Polestar 2 BEV. The Volvo subsidiary’s all-electric car is to be launched on the European market first, with deliveries planned to start summer 2020 before coming to the US and China.
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Volvo’s electric car brand Polestar registered a wholly-owned subsidiary in Shanghai on 11 March. Polestar calls its China spin-off Jixing Automobile and has tasked it with the wholesale and retail of vehicles and auto parts.
Weiterlesen Polestar has shown a foretaste of future electric models of the brand under the name Precept. The concept is a fully electric four-door Grand Tourer, which will be presented at the Geneva Motor Show in March.
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Following the Polestar 1 PHEV model, Polestar will also be offering the all-electric Polestar 2 in Switzerland starting next year. It will be the seventh European market for the first BEV from Sweden.
Weiterlesen Volvo’s luxury branch Polestar now offers its first electric model with new leasing rates in Sweden and Germany. The Polestar 2 starts from €599 a month in Germany based on 48 months and mileage of 10,000 kilometres per year.
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Volvo presented its first battery-electric car, based on the compact SUV XC40. The model aptly named Recharge uses much technology from the Polestar 2, but it will be almost a year before the car is on the road.
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The Volvo and Geely electric car subsidiary Polestar has published the final list prices for Polestar 2 in European countries where the Tesla Model 3 competitor will be launched. In the UK, for example, the base price is 49,900 GBP.
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The notoriously underserved electric car market in Australia can look ahead to a better 2020. Volvo and Polestar are planning to bring two electric cars and a PHEV to the continent in 2020. Besides, Mini is readying the all-electric Cooper for entry as well.
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Volvo’s electric car subsidiary Polestar opened its first production facility today. At the new facility in Chengdu, China, the 441 kW Polestar 1 PHEV coupe is manufactured for China and export markets.
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The Volvo Car Group has signed long-term contracts with CATL and LG Chem to ensure battery supply for the next generation of Volvo and Polestar electric models over the next decade. The orders are worth several billion dollars.
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Polestar has established a new R&D centre for future electric vehicles in Coventry, England. At the new British location, the Volvo electric brand will initially employ around 60 engineers to support the development of vehicles beyond the Polestar 3.
Weiterlesen The fully electric Volvo subsidiary Polestar has qualified for the $7,500 federal tax credit in the USA separately from their mother company, meaning that each will be allowed to sell 200,000 vehicles before the credit runs out.
Weiterlesen The Volvo subsidiary Polestar has officially launched its first volume production model. Two electric motors with a combined output of 300 kW power the Polestar 2 EV that has a battery capacity of 78 kWh, which should enable a WLTP range of 500 km.
Weiterlesen Volvo is currently holding talks with Chinese and US investors to generate additional capital for its Polestar electric car brand. Meanwhile, the subsidiary has announced that the Polestar 2, the brand’s first all-electric model, will be officially presented on February 27.
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Polestar has released a first teaser photo of their first all-electric model, which is to be fully unveiled “in the coming weeks”. In addition, Volvo’s performance brand has released the first performance data of the Polestar 2.
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