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Polestar Official Believes Company Has Much More Range Coming Soon
The emerging electric vehicle manufacturer expects much more robust battery charges for their new vehicles in the near future
During the recent explosion of the electric vehicle market, Polestar (GGPI) has emerged as one of the better conceived and received companies. With it still being incredibly early in this EV boom, there is still a great scramble to hone and improve the ever-growing technology being used. According to recent comments made by their Head of Sales, Polestar expects to have vehicles offering a significantly higher battery charge range very soon.
As Swedish-Chinese EV maker Polestar awaits the finalization of a SPAC merger with Gores Guggenheim, Inc. (GGPI), the EV space continues to see numerous companies working furiously to establish themselves as industry leaders. Polestar has produced well received quality vehicles since 2017. In 2020, they earned approximately $645 million in revenue, which WCCTech indicates was more than 600% growth relative to 2019. They followed that up by selling 29,000 vehicles in 2021, representing a 185% increase in sales year over year.
The company has aggressive growth plans, including selling a projected 290,000 vehicles in 2025. They are striving…
