$Polestar Automotive(PSNY)$which is merging with SPAC Gores Guggenheim Inc (NASDAQ:GGPI), announced on 9 June that it has begun delivering the new Polestar model 2s to Hertz (NASDAQ:HTZ) as part of an agreement announced in April. Under the agreement, the Swedish electric vehicle maker will supply the rental company with 65,000 cars over the next five years, one of the largest single orders for electric cars ever made.

“Our partnership with Hertz is an exciting milestone that provides the opportunity for a significant number of potential new customers to experience an EV for the first time, and it will be in a Polestar,” says Thomas Ingenlath, CEO of Polestar. “With over 55,000 Polestar cars already on the road across our 25 live markets, there is no doubt that our brand is growing at an incredible pace.”

As always, please DYODD ✌️

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
  • MortimerDodd
    ·2022-06-25
    It looks like the electric car industry is on a roll.
    Reply
    Report
  • LouisLowell
    ·2022-06-26
    Thanks for sharing. What you said makes sense.
    Reply
    Report
  • Novem678
    ·2022-06-29
    Pltr to the moon....
    Reply
    Report
  • EvanHolt
    ·2022-06-25
    Thomas Ingenlath's words excite me.
    Reply
    Report
  • Maria_yy
    ·2022-06-25
    Is Polestar a subsidiary of Volvo?
    Reply
    Report
  • Elleysss
    ·2022-06-29
    [smile]
    Reply
    Report
  • 丰人
    ·2022-06-29
    ok
    Reply
    Report
  • Geoz88
    ·2022-06-29
    ok
    Reply
    Report
  • nhwee
    ·2022-06-29
    Ok
    Reply
    Report
  • jjsh2
    ·2022-06-29
    Oh
    Reply
    Report
  • Gowithflow
    ·2022-06-29
    great
    Reply
    Report
  • Sysy
    ·2022-06-29
    lo
    Reply
    Report
  • Silverwing23
    ·2022-06-29
    Noted
    Reply
    Report
  • Jo C
    ·2022-06-29
    Ok
    Reply
    Report
  • vincentlaubc
    ·2022-06-29
    ok
    Reply
    Report
  • Darkvin1987
    ·2022-06-29
    Ok
    Reply
    Report
  • Rods
    ·2022-06-29
    ok
    Reply
    Report
  • DMC8899
    ·2022-06-29
    👍
    Reply
    Report
  • Newbie_21
    ·2022-06-29
    Ok
    Reply
    Report
  • Kenwen
    ·2022-06-29
    k
    Reply
    Report