Polestar reports increased losses for the 2023 fiscal year as the company faces renewed questions about its long-term future amid struggles with cash burn and slumping EV demand.
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Polestar reports increased losses for the 2023 fiscal year as the company faces renewed questions about its long-term future amid struggles with cash burn and slumping EV demand.
Among the many obstacles to widespread EV adoption, consumers often cite long charging times. But a new battery breakthrough could make it as quick – and potentially even easier – to charge up an EV as it is to fill a gas tank. A Polestar 5 prototype is going from a 10 to 80% charge in just 10 minutes.
Polestar puts the Polestar 2 sedan under the knife for 2024 and gives it more power, technology, and performance in an attempt to ward off rivals from Tesla, BMW, and Hyundai. Get the full story at Headlight.News
Citing Chinese automobiles and trucks with internet connectivity as a possible national security threat, President Biden directed the Commerce Department to launch an inquiry into foreign software in automobiles. Get details at Headlight.News.
Polestar hopes to become the first automaker to adopt a unique new battery design that will address one of the biggest concerns about EVs: their long charging times. Developed by start-up StoreDot, the technology is capable of adding 100 miles of range in just five minutes. And, unlike existing chemistry, StoreDot and Polestar claim repeated fast-charging won’t degrade battery life.