The chief executive of struggling car maker Polestar says it will continue operating despite significant challenges.
Polestar lost more than $US1 billion ($1.5bn) in the second quarter of the year and published a warning to investors that the company’s current performance may “cast significant doubt about Polestar’s ability to continue as a going concern”.
The brand, owned by Chinese giant Geely, makes most of its cars in China, the world’s largest market for electric cars.
But Polestar has effectively stopped selling cars in China.
https://www.news.com.au/technology/motoring/motoring-news/po…
Feels like this was 'inevitable' and is the begining of a greater EV car consolidation that is probably healthy for the industry?
It's a shame because I reckon they look quite nice - but 2 mates who have them are constantly having electrical issues.
To make matters worse while they're "in the shop" both of them get MG loan cars for the 3 weeks