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Electric Brand Polestar Raises $550 Million in its First External Investment Round

【Summary】Electric vehicle brand Polestar, which is jointly owned by Swedish automaker Volvo and Chinese automaker Zhejiang Geely Holding (Geely), announced it raised $550 million in its first ever outside investment round. The new financing comes as investors pour money in electric vehicle stocks and related companies working on advanced mobility, including EV battery technology and self-driving vehicles. Eric Walz Apr 15, 2021 9:45 AM PT author: Eric Walz The fully-electric Polestar 2. Electric vehicle brand Polestar, which is jointly owned by Swedish automaker Volvo and Chinese automaker Zhejiang Geely Holding (Geely), announced it raised $550 million in its first ever outside investment round. The private placement of newly issued shares was from a group of long-term financial investors. The financial details of the transaction are not being disclosed at this stage.

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Polestar to create climate-neutral car by 2030

Polestar to create climate-neutral car by 2030 EV maker will have to re-think entire development process Print Polestar will disclose the carbon footprint and traced risk materials for cars on the company s website and at its retail spaces (shown). Polestar, the electric performance brand owned by Volvo Cars and its Chinese parent, Zhejiang Geely Holding, has set itself a moonshot goal: to create a climate-neutral car by 2030. With the Polestar 0 project, the EV maker knows it will have to re-think the entire development process as well as shake up the value chain, from suppliers to retailers. Can we get there? That is a very relevant question, Polestar Head of Sustainability Fredrika Klaren told

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Volvo Cars reports 40 8 percent growth in the first quarter of 2021

GLOBAL ANNOUNCEMENT Volvo Cars reported the best first quarter in its history as the company’s global sales increased by 40.8 percent compared with the same period last year. Total sales during the period amounted to 185,698 cars, up from 131,889 cars in the same period last year. In Europe and the US, the company managed to improve sales compared to the first quarter last year, while managing to cope with the ongoing effects of the pandemic. China has by now recovered from the impact of the pandemic, which was peaked in Q1 2020. For the month of March, Volvo Cars sold 75,315 cars globally, up 62.3 percent compared with the same month last year.

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Polestar to create climate-neutral car by 2030

Polestar to create climate-neutral car by 2030
autonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autonews.com Daily Mail and Mail on Sunday newspapers.

Zhejiang geely holdingVolvo carsSustainability fredrika klarenAutomotive newsஜெஜியாங் கீளி வைத்திருத்தல்வால்வோ கார்கள்தானியங்கி செய்தி

Jaguar s Conflicted Future; Reimagined Success With JLR, Partnership, Takeover, Or Demise?

Jaguar s Conflicted Future; Reimagined Success With JLR, Partnership, Takeover, Or Demise?
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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