Polestar forms partnership with StoreDot with a strategic investment to explore using extreme fast charging technologies for future models Critical milestone in the commercialization of StoreDot’s advanced batteries and speeding up production at scale StoreDot is on track to mass produce silicon-dominant lithium-ion cells delivering 100 miles of range in five minutes of charging by […]
Hertz agrees to buy 65,000 electric vehicles from Polestar – EQ Mag Pro
New York : Swedish electric car maker Polestar is selling up to 65,000 electric vehicles to Hertz over the next five years, the companies announced Monday. The move follows an order Hertz placed for 100,000 electric cars made by Tesla in October 2021. Polestar CEO Thomas Ingenlath previously told Automotive News Europe that stretch goal […]
Volvo Projects Profit Margin On Electric Cars Will Be Equal To Conventional Cars By 2025
Electric cars are disruptive technology, and one of the things they are disrupting is the bottom line of legacy automakers. Electric motors and battery control systems are not that expensive, but the batteries themselves certainly cost more than internal combustion engines that manufacturers have spent a century perfecting. The profit margin on electric cars is […]