Tesla and other EV makers like Volvo are betting big on gigacasting

Tesla and other EV makers like Volvo are betting big on gigacasting

In the race to make EVs cheaper and more profitable, companies are pulling just about every lever they can. But while improving battery technology often hogs the spotlight, automakers are investing heavily into changing how the rest of the car is made. One such method is megacasting, or gigacasting, as Tesla calls it. Gigacasting is … Read more

Volvo shares jump 24% on higher sales, plans to stop Polestar funding

Volvo shares jump 24% on higher sales, plans to stop Polestar funding

A Volvo C40 Recharge electric SUV is on display during the Volvo “A New Era of Volvo Cars” press conference at The Shilla Seoul on March 14, 2023 in Seoul, South Korea. Han Myung-gu | Wireimage | Getty Images Volvo Cars shares surged more than 24% Thursday after the Swedish automaker announced that it will … Read more

Polestar PSNY Q3 2023 earnings

Polestar PSNY Q3 2023 earnings

A Polestar 4 electric SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images Swedish electric vehicle maker Polestar on Wednesday cut its longstanding 2025 deliveries target and said that … Read more

Swedish EV maker Polestar plans own smartphone launch in China

Swedish EV maker Polestar plans own smartphone launch in China

A Polestar 4 electric SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images Launching smartphones with EVs Meizu is not a major smartphone player in China with companies like … Read more

Polestar (PSNY) earnings Q2 2023

Polestar (PSNY) earnings Q2 2023

The Polestar 3 SUV, originally expected late this year, has been pushed into early 2024 because of delays with its Volvo-developed software. Courtesy: Polestar Swedish electric-vehicle maker Polestar on Thursday reiterated that it still expects to deliver at least 60,000 EVs in 2023, with a positive gross margin – and confirmed that its next two … Read more