Polestar, the Swedish electric vehicle manufacturer, is expanding its charging network by adding access to Tesla’s Supercharger network across North America. This move comes as PSNY stock continues to decline, down over 30% in the past month. The company also reported a decline in third-quarter vehicle deliveries, raising concerns about its growth trajectory.
Polestar Automotive Holding (PSNY) shares are on the rise after the company reported a significant increase in second-quarter deliveries, signaling a positive trajectory for the electric vehicle manufacturer. The company is optimistic about an even stronger second half of the year, driven by the launch of its new premium SUVs.
Polestar Automotive Holding UK PLC (PSNY) announced that Michael Lohscheller will take over as CEO, effective October 1, 2024. This news comes amidst a challenging period for the electric car company, with its stock plummeting over 70% in the past year. Lohscheller, known for his leadership roles at Opel, VinFast, and Nikola, aims to expand Polestar’s global presence and strengthen its position in the premium electric vehicle market.
EV maker Polestar has partnered with Chinese smartphone manufacturer Meizu to launch its first smartphone, aptly named the Polestar Phone. Based on the Meizu 21 Pro, the Polestar Phone boasts impressive specifications and features that make it a standout device. However, its availability is limited to China for the time being.
