About a month before it releases its full financial report for Q3 2022, Polestar has shared some of its global volumes to date, including deliveries. With production strains brought on by COVID-19 easing up in China where Polestar’s EVs are built, the automaker believes it can significantly bolster customer deliveries in Q4 and still reach its target volume of 50,000 units.
Despite its status as a relatively young EV automaker, Polestar ($PSNY) continues to demonstrate steady growth and brand awareness, built around a company ethos wholeheartedly focused on sustainability, dressed in some of the most unique styling in the industry today.
There’s a reason why Polestar’s head of design Maximilian Missoni continues to win awards in his field, and his aesthetic fingerprints should be even more prominent on the next three Polestar EVs to reach deliveries next, beginning with the Polestar 3 in early 2023.
Despite only two models currently on the market and one of them being a plug-in, Polestar’s sales continue to grow. In September, the company shared revenues for the first half of 2022 and reported over $1 billion. Polestar CEO Thomas Ingenlath spoke at the time:
We made important progress in the first half of 2022 as we doubled revenues and volume, and successfully listed on the Nasdaq stock exchange in New York. In addition, we maintained strong momentum in our global order take and expect to deliver 50,000 cars to our customers this year, meeting our 2022 sales guidance. With several ground-breaking cars to come, Polestar is poised for a period of rapid growth.
Fifty thousand Polestar deliveries before year’s end. Let’s see it. Following its volume report released today, the EV automaker has some work to do, but has divulged confidence it can hit its target as production delays ease up overseas.
Polestar expects big EV deliveries in Q4 2022
According to its global volumes report for Q3 2022, Polestar delivered approximately 9,215 vehicles, totaling 30,400 deliveries for the year so far. Based on its Q3 deliveries, Polestar will need to more than double its output to end the year above its 2022 goal of 50,000 units.
Despite production disruptions that have plagued Polestar’s momentum in China so far, the automaker says it is witnessing some solace and expects to take full advantage in Q4. Ingenlath again spoke to the company’s progress so far:
We needed to catch up on production after Covid-19 related setbacks in China and we have. The majority of Polestar 2 cars set for delivery in Q4 are ready and making their way to our customers in 27 markets around the world, with the fourth quarter set to be our strongest on record yet. I am confident we will meet our target of 50,000 cars for this year.
As production rallies in China, Polestar’s financial gains should proceed concordantly. We will know for sure on November 11 when Polestar shares its Q3 financials and even more in 2023 when we see its 2022 report. Before then, we should be getting our hands on a 2023 Polestar 2 dual motor, so keep an eye out for that review.
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The UAW union’s Stellantis Council met yesterday to discuss the beleaguered carmaker’s “ongoing failure” to honor the agreement that ended the 2023 labor strike, and their latest union memo doesn’t pull many punches.
In an email sent out by the UAW earlier today (received at 4:55PM CST), UAW President Shawn Fain wrote, “For years, the company picked us off plant-by-plant and we lacked the will and the means to fight back. Today is different. Because we stood together and demanded the right to strike over job security—product commitment—we have the tools to fight back and win … We unanimously recommend to the membership that every UAW worker at Stellantis prepare for a fight, and we all get ready to vote YES to authorize a strike at Stellantis.”
Kia promises the new EV9 GT will have “enormous power,” but that’s not all. For the first time, the Kia EV9 GT was caught with an active spoiler, giving us a sneak peek at potential new upgrades.
The brand’s first three-row electric SUV is already making its presence known in the US, helping push Kia to back-to-back record sales months. Meanwhile, a more powerful, sporty variant is on the way.
Kia confirmed the EV9 GT will top off the electric SUV’s lineup in April. Packing “enormous power,” the high-performance GT model can accelerate from 0 to 62 mph (0 to 100 km/h) in 4 secs.
With a “high-output” dual-motor (AWD) system, the EV9 GT can quickly pick up speed despite weighing over 5,000 lbs.
Kia also equipped it with other high-performance features, such as a reinforced suspension and electronic braking system, for better control and stability.
We’ve already caught a glimpse of the performance electric SUV out testing, revealing aggressive new bumpers and wheels. Now, a new design feature has been spotted.
Kia EV9 GT could come with an active rear spoiler
The latest video from HealerTV shows the EV9 GT with what appears to be an active spoiler. As the reporter noted, it could be similar to the one spotted on the Genesis GV70 Magma.
Tesla’s Model X also used to come with an active spoiler until it was dropped a few years back. Although the GT model was spotted with one, Kia could just be testing new features, so don’t get too excited yet.
Earlier this week, a video from HealerTV showed the front row of the EV9 GT, comparing it to the current GT-Line model.
Several differences can be immediately noticed, including a more aggressive, all-black design with a yellow stripe down the center of the seat.
Kia is set to launch the EV9 GT in early 2025. It will rival other performance SUVs like the Tesla Model X Plaid.
Although prices have yet to be confirmed, the GT model is expected to sit above the current GT-Line at $73,900. In comparison, Tesla’s Model X Plaid starts at $94,990 and can sprint from 0 to 60 mph in 2.5 secs.
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Consumer Reports and EV charging app Chargeway are working together to give drivers a better way to rate public chargers, report uptime, and address maintenance issues.
The technical collaboration with Chargeway is part of a larger effort called the EV Charging Community, which engages with a number of different EV advocacy groups including Plug In America, GreenLatinos, and Generation 180, and leverages the mobile app to rate public EV charging experiences based on various factors, with the findings reported back to industry stakeholders like EVSE manufacturers, CPOs, and utilities.
Be heard
“We are very excited to be partnering with Consumer Reports,” says Chargeway founder, Matt Teske. “From day one, Chargeway has focused on a driver first app design to provide easier EV charging experiences as well as transparency for what drivers can anticipate at (the) station they choose … we share Consumer Reports’ goal to give drivers a voice in the public EV charging reliability conversation. Now, instead of posting complaints on social media and feeling ignored, EV drivers can use the Chargeway mobile app to provide their feedback to the leading consumer advocacy organization.”
Consumer Reports says it’s already seen nearly a third of its 1,600 enrolled community members experience a problem with public charging, so it’s a real problem. “Charging stations are critical services, but when they’re out of order or barely functional, it wastes consumers’ valuable time,” explains Drew Toher, Consumer Reports’ sustainability campaign manager.
Consumer Reports points out that EV drivers who don’t use Chargeway can also enroll to be part of the community at this link.
Electrek’s Take
Chargeway founder Matt Teske is an old friend. He’s a good friend, too, so it’s great to see his top-shelf EV charging app starting to get some of the recognition it deserves. The CR tie-up and added visibility these ratings will give to industry stakeholders are only going to make things better for EV drivers everywhere.
That up there? That’s one of my early interview episodes of Quick Charge featuring a walkthrough of Chargeway+, another collab between Matt and Austin Energy. Enjoy!
SOURCE | IMAGES: Chargeway, Consumer Reports.
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