Hertz to Buy up to 65,000 Electric Vehicles from Polestar

Reuters2022-04-04

Rental car firm Hertz Global Holdings said on Monday it would buy up to 65,000 electric vehicles over five years from Swedish EV maker Polestar, the latest move by the rental car firm to add zero-emission models.

Hertz said Polestar cars would be available beginning this spring in Europe and later in 2022 in North America and Australia.

The Florida-based rental car company said that it would initially order the Polestar 2 sedan. Hertz shares were up 1.75% in premarket trading Monday.

Hertz in October announced its order to purchase 100,000 electric cars from Tesla Inc , primarily the EV maker's Model 3.

In March, Hertz added Tesla's mid-size SUV Model Y to its electric vehicle fleet, according to the car rental firm's website.

Polestar, which was founded by China's Geely and Volvo Cars, is set to merge with special purpose acquisition company (SPAC) Gores Guggenheim Inc this year.

The Hertz partnership "will bring the amazing experience of driving an electric car to a wider audience, satisfying a broad variety of our mutual customers' short- and longer-term mobility requirements," Polestar CEO Thomas Ingenlath said in a statement.

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Comments

TO66
2022-04-05
TO66
GGPI worth a look
Singman
2022-04-05
Singman
Like
ZenInv
2022-04-05
ZenInv
Why Polestar? Better cheaper faster?
Seah CL
2022-04-05
Seah CL
K
EHG
2022-04-05
EHG
Like
YJ Lee
2022-04-05
YJ Lee
Ok

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Better cheaper faster?","listText":"Why Polestar? Better cheaper faster?","text":"Why Polestar? Better cheaper faster?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016903263","repostId":2224630395,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9016084161,"gmtCreate":1649113869076,"gmtModify":1676534451608,"author":{"id":"4102135564535180","authorId":"4102135564535180","authorIdStr":"4102135564535180","name":"Seah CL","avatar":"https://community-static.tradeup.com/news/970bca7b04e85a42a2c8eabed7ec96d0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4102135564535180"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016084161","repostId":2224630395,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9016086424,"gmtCreate":1649113761139,"gmtModify":1676534451548,"author":{"id":"3586941861951066","authorId":"3586941861951066","authorIdStr":"3586941861951066","name":"EHG","avatar":"https://static.tigerbbs.com/28e4734e50f795c3218330cbb6c3e9a0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586941861951066"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016086424","repostId":2224630395,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9016086074,"gmtCreate":1649113728685,"gmtModify":1676534451499,"author":{"id":"4108816210230400","authorId":"4108816210230400","authorIdStr":"4108816210230400","name":"YJ Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4108816210230400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016086074","repostId":2224630395,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":664,"commentSize":53,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2224630395"}