Tag: Thomas Ingenlath
Electric car manufacturer Polestar will not participate in price wars, the loss for the fourth quarter is reduced
GOTHENBURG, Sweden: Electric vehicle maker Polestar said it would not engage in a price war, despite falling demand forcing some of its rivals to curb output, stressing it will maintain its 2023 production plan. It also announced a lower-than-expected quarterly loss. In 2023, Tesla sparked a price war, even as ongoing supply chain issues put…
Swedish EV manufacturer Polestar will go public
STOCKHOLM, September 27 (Xinhua) – Polestar announced on Monday that it would go public by merging with Gores Guggenheim Inc. to a company value of 20 billion US dollars. According to a press release from Polestar, the company has entered into a definitive business combination agreement with Gores Guggenheim Inc., a specialty acquisition company. Polestar…