And here I'm thinking Polestar was a Polish movie actor.

@LJ-jq8og

Күн бұрын

🤣

In the Nordics, the Polestar is just extremely expensive. They do not have the brand recognition to sell at those prices.

@elduderino7767

2 күн бұрын

they are stunning though and that brand recognition will come, for the price there isn't anything as attractive and the polish of the hardware/software is premium unlike something like BYD for now volvo will do the heavy lifting, ex40 likely to be among the best sold EVs next FY imho - geely themselves wildly profitable so 1b losses is nothing while trying to establish a premium brand, especially to crack the western markets polestar will bring a lot more value if they streamlined manufacturing/options like the ex40 and switch to cheaper chemistry - lets not forget the better value options have already done this, polestar have plenty of scope for value, especially as they've now established themselves

@PelleGIT

2 күн бұрын

I dont think brand recognition should be a big issue, especially not in the nordics where everyone knows (and frankly you can see it) that its clearly a Volvo. If Polestar struggles with brand recognition, then it will be impossible for other Chinese brands to break in.

@mariusj8542

2 күн бұрын

@@PelleGIT but Chinese car sells very well due to exactly the opposite. Extreme value for money

@PelleGIT

2 күн бұрын

@@mariusj8542 In China maybe. But as I wrote in another comment, Zeekr 001 is about 10-15% more expensive than a Polestar 2 in Europe. So why such differences between a Chinese sold car and same car sold in EU? This is even before the EU tariffs. And why isnt Polestar 'extreme value for money' in China since its a Chinese car and made in the same factory / production line as Geely. I am just not getting it to reconcile.

They've run out of rich people with deep pockets to buy these expensive vehicles.

@hargeaux

Күн бұрын

Do you think BMW and Merc are thinking the same thing? Of course not...

@xaionik

Күн бұрын

​@@hargeauxBMW, Audi, Porsche and Mercedes have brand recognition. No one knows Polestar except for a few fans.

@danoprea3066

Күн бұрын

Truth is, we don't want Chinese refrigerators on wheels. Even more so, at premium prices. Thanks, but no thanks.

Polestar has much deeper pockets. Whether Geely’s new EVs are branded polestar or not they’re not going anywhere any time. Unlike Fisker.

@kyoza1911

2 күн бұрын

A deep pocket and a deep pocket with the willingness to spend recklessly are 2 different things.

@elduderino7767

2 күн бұрын

whats the biggest problem geely have in the west? brand recognition polestar/volvo loses are meaningless at this stage, their priority is market share and building up their western EV brands, it's the key strategy to break into western markets imho the ex40 is going to be among the top EVs sold in australia the next FY

@davidbeppler3032

2 күн бұрын

They could just give them away and quit charging people money for them. It would not effect the bottom line very much at this point.

@PJWey

20 сағат бұрын

Volvo and Polestar seem to be fighting each other, that won’t end well

Should have kept it all under Volvo and offered keener prices .

Polestar now has three EVs to sell in 27 countries. With the Backing of Geely and Volvo they will NOT be going bankrupt any time soon. Geely is also backed by the China government. Geely has a lot of great brands - Volvo Cars, Polestar, Lotus, LEVC (London Electric Vehicle Company - which makes the London hydrid electric taxi and also hybrid vans.) Lynk & Co, ZEEKR, Farizon, RADAR, and Cao Cao Mobility, and other brands. Polestar 3 & 4 are getting great reviews now these models are being delivered. Polestar up 6.5% today at time of writing. Polestar has a great lineup of vehicles - their designs are much better looking than most other offerings from other auto makers.

@samimaki2577

Күн бұрын

Some sense here.

@manuelferreira4622

17 сағат бұрын

No, mark my words, polestar will fail very soon!

Polestar pricing seemed astronomical last time I checked. I vaguely remember seeing articles about Volvo ditching the Polestar partnership.

@GlassActivist

2 күн бұрын

Volvo is also owned by Gilly.

@SmartMart1658

Күн бұрын

Volvo hasn't ditched Polestar. Volvo still owns 18% of Polestar. The Polestar 3 will be built in the USA at one of the Volvo factories.

The problem with buying any car from a new untested company is that they may not be around to fix problems or supply spare parts. This a a big worry particularly with EVs. 80 per cent of Chinese EV car makers have disappeared with many more to follow. EVangalists don't care.

@kallekas8551

2 күн бұрын

Polestar is Volvo EV.

@Guvament_bs

2 күн бұрын

@@kallekas8551 how does that fact negate what I said. Plus obviously polestar is a different entity than Volvo otherwise the story would be that Volvo is going broke.

@kallekas8551

2 күн бұрын

@@Guvament_bs I assumed when you said “untested company” you assumed it was newish…

@Guvament_bs

2 күн бұрын

@@kallekas8551 if you believe buying expensive products from new untested companies is not a risk. Great. You are entitled to believe anything you want. I don't have lots of money to risk buying untested products. So I will risk a Chinese phone but not a car. I am not as well off as you. That's life.

@rogerfroud300

2 күн бұрын

True, except for EVangelists, who certainly do care. However, it's survival of the fittest, and China has been guilty of creating a completely unsustainable bubble. It's a shame about Polestar though, because their cars seem pretty good.

Polsestar is way too expensive in Australia to be seriously considered as a viable EV option. $180,000.00 AUD for an optioned Polestar 3 is insanity. Absolutely nothing special about Polestars technology across the range. 1.46 billion dollar loss for 2024 and counting.

@elduderino7767

2 күн бұрын

at 68k for the base model it's not too bad as for nothing special, they are absolutely stunning - sure it's subjective but i dont think there is a better looking EV for the price they are premium and polished but naturally not the best value, i don't think profit is paramount as they continue to build on top of the brand recognition, geely profits are so massive that the short term loss on polestar is probably by design the 2024 polestar is a massive improvement and at a better price, the ex40 shows whats next for polestar, more streamlined manufacturing and better value - don't forget other manufacturers have switched chemistry for their cheaper models, prices will drop considerably if they bring out an LFP polestar for the same price as the model 3 SR then watch out

@jansenwilder1335

2 күн бұрын

Wait for Zeekr EV.. better value and design against its brother Polestar..

@davidbeppler3032

2 күн бұрын

@@jansenwilder1335 Zeeker EV, after delays, recalls, and slow startup, due in 2028. Just wait 4-5 years?

@mackan7086

Күн бұрын

They seem to have excellent tech. Have you seen any of the recent reviews of the PS3? They are really killing it!

@hargeaux

Күн бұрын

Are BMW, Audi and Merc worried about their

Not just Polestar, Lotus is losing half a billion pounds. Geely is using them as the luxury brands and people are not willing to pay the prices for them. The Lotus SUV Electre is over US$100,000 which is crazy.

Polestar is a good looking car. I think it is the best looking out of many I've seen.

When are they going to learn ?, 2 of the most successful manufacturing companies in the world, Tesla and Apple, keep their options simple and few, it makes mass production cheaper. Unless you are a luxury car maker, and can get away with charging massive markups, the excessive options system just doesn’t work.

@didyuknow

Күн бұрын

They are just trying to milk funds out from the few that buy their cars. The same way as for the stocks?

@mackan7086

Күн бұрын

Personally I like to have options to customize my new car to get it exactly the way I want it

@hargeaux

Күн бұрын

Polestar are aiming their products to be exactly that, a luxury car brand. I don't blame them, I just don't know if the market is there for that yet. Will people stop buying a BMW, Audi or Merc and pickup a Polestar instead? I don't think so, I think those buyers show quite a bit of brand loyalty.

@gill7087

22 сағат бұрын

The Polestar doesn’t look any better than any number of similar size Chinese EVs, like the BYD seal, doesn’t have any real `halo’ car like the Ioniq 5 N is to Hyundai, and is charging a premium Audi type price for a bland looking Tesla style car. It’s only nod to ‘different’ interior styling is yellow seatbelts, the rest has been done over and over by any other number of manufacturers. Polestar can’t charge a premium price for a ‘nice’ ‘safe’ vehicle. Nearly every car now is nice and safe, they need to stand out. At the moment they have become the white goods of the car world and fridges are just not that interesting.

@mackan7086

16 сағат бұрын

@@gill7087 have you seen their lineup? The 3, 4 and 5? They really stand out design wise, and also have really good specs

I’m a Volvo owner and just drove the polestar 2. It was awesome. So I looked up the cost - in the uk it’s thousands of pounds more expensive than a Tesla, and has a lot less tech as standard. The reason it’s not selling is because it costs way too much. Not because ev demand is dropping.

@LJ-jq8og

Күн бұрын

Bankruptcy is coming ! 🔥

@zeedustrakok

Күн бұрын

I don’t mind it being more expensive than Tesla. It is a better car. Why didn’t I get one? I used to drive XC60’s and V60’s, and the quality of the polestar 2 is on par with the lowest Volvo’s (which is still above Tesla), but it isn’t no way near the Volvo 60 series (even if it goes for the same price). I did consider the Fisker, but I didn’t want to take the risk and went with a BMW i5. As for polestar: don’t think they are going to let it go. They use their R&D for Volvo, Zeekr and other Geely brands.

@3184Patrick

18 сағат бұрын

one of my bosses just bought a Polestar 2 and he had test drove a model 3 and y and he said the Polestars build quality was years ahead of Tesla.

@manuelferreira4622

17 сағат бұрын

Of course not...

@LJ-jq8og

17 сағат бұрын

@@zeedustrakok I was a long term Vovlo owner but their service people RAPE you and are dirt-balls ! Tesla service has been honest with me to date... Good luck with BMW service 🤣

dont worry about it, Geely is their sugar daddy. They will keep the brand, after sales service and spare parts alive. Worst case scenario, polestar just wont develop any new more mass production models.

@eitanros

Күн бұрын

Not necessarily. Geely is like a mother goose that sends her kids to be on their own. Whoever makes it or not - that's natural selection....

Polestar EVs are selling at insane prices in China from RMB 300,000.. ( abt USD 42,000). Just crazy prices.

@elduderino7767

2 күн бұрын

that''s because they are premium car, unlike BYD the software just works

@kamsunleong6648

2 күн бұрын

​@@elduderino7767 Byd is not in trouble. They are.

@PelleGIT

2 күн бұрын

RMB 300k doesnt seem to be too crazy to many comparable cars. Of course you cant compare Polestar to some very small Chinese EV selling for RMB 100k. But even SU7 sells for 220k to 300k in China and the SU7 has proven to be of very low quality.

Viking, the next headline I see from you is: Chinese auto on path to global dominance. Australia, no longer builds or sells automobiles. The United States and Europe still build and sell automobiles. This is the biggest, most lucrative and most important business in the world. The US and the EU want to transition to EVs, but they do not want their entire automotive industry destroyed in the process. There you go, it’s really just that simple.

They will start to understand that people are poor and cannot afford the tarifs they're all asking for those cars, that's a good thing.

@scottmcshannon6821

Күн бұрын

if you ban afford an 80,000 ice truck, you can afford a 45,000 Ev.

Polestar 2 started off in Australia matching the Tesla Model 3 price. As a result they got pretty decent sales in 2023. This is where they should be aiming, but instead they claim to be going for the luxury market and only selling a few models. At a time when the entire industry is moving towards affordable EVs. 🙄

"The number of active automobile manufacturers dropped from 253 in 1908 to only 44 in 1929, with about 80 percent of the industry’s output accounted for by Ford, General Motors, and Chrysler, formed from Maxwell in 1925 by Walter P. Chrysler." Here we go, again. Thank you for sharing Invention of the Automobile

@4literv6

Күн бұрын

Great point! And multiple ceos in china and analysts have been warning a great consolidation of car makers is coming soon. 👍🏻😀 Hell just look at the so called big 3s numbers from 2017-2023 and then back the evs&phev sales. They are all down globally 25-40% in sales since 2017. Tesla and byd meanwhile are both in the top 10 of ALL automakers worldwide. Byd should hit top 5 this year and top 3 by 2028, while tesla could go from 10th to maybe 8th then within the top 5 by 2028 or even sooner.

Polestar looks better than Tesla

@trythis2821

2 күн бұрын

At a price, would rather pay for Tesla and keep the difference.

@ralphcramden8582

2 күн бұрын

You are delusional. Tesla make a profit on every car they sell int the $30 to 40K range but Polestar loses money on cars produced in the $189k range. Polestar is on it's way to bankruptcy.

I have only ever had one pole star that did the job I wanted properly: her name was Tiffani, and there was not a single battery involved (other than an intetesting range of 'gadgets' 😉) 😂

I remember when GM bought SAAB. They said they'll make it profitable, so they gave orders to SAAB management. Make a new model with all cheap GM crap. So SAAB did just the opposite. 9-5 didn't share even a bolt with any GM model. It was safety and engineering in front of time. It even had built-in navigation with a touch-screen. It was anything than cheap, and anything but profitable. Now, Polestar is not profitable? Really? Who could've guessed Scandinavians won't make cheap design? Hmm...

I hope Polestar survives - beautiful cars.

Thanks!

Comparing Polestar to Fisker is stupid. Polestar has great products and is getting great reviews from the auto media - unlike Fisker who got the kiss of death from the likes of Marques Brownlee - and quite rightly so because the cars were rubbish.

In Canada the P2 is everywhere, and price competitive to the base model 3 with a better range and WAY better looks. Model 3 probably has better tech tho.

EV stock Polestar PSNY up 16.43% today beating Tesla. Polestar gets $5 analyst rating.

My neighbour’s son has one, he is happy with performance, but he said buying all the options was expensive and the technology was challenging to figure out. He’s getting about 350 kilometres range and charges it 2-3 times a week.

Fisker had major issues wrt Software Polestar has no such issues. Yes it has issues wrt financials Pricing for Polestar isnt high. they just making sure they dont take a hit for all losses. Not everyone has deep bags like Tesla and Rivian. One hopes Polestar is successful company. as we need competition.

Their problem was not getting the US federal tax credit for buyers and failing to do what Korean car brands did to at least be able to offer that on leases. They could have sold a lot at a very critical start time when tesla model Ys were at about the same competitive level. Now it is history they are way behind.

I think Polestar is focusing too much on high end luxury car at premium price.

In my view it's an issue with what type of car they sell. They are mainly selling a 4 door sedan. Which is not as good as the Model 3. Issues with inside and slower charging than others when it came out. In the USA they are now almost ready to sell an SUV. Besides they are strange inside even how their cup holders are located.

Local PStar dealership is located in a containerised office on a dodgy looking lot, not in a palace like all other main dealers. It makes economic sense but it doesn't give the impression of a company that is going to support the product for the car's expected life.

They have one car to sell - P2, P3 orders are just being filled for now and at a price that is way to expensive for the performance its provides against the market options. I ordered one and was told it was shipped before I could even confirm my delivery specs... they are just desperate to push them onto customers before you have even had a chance to test drive one! Order is cancelled....

I've always said that Polestar are way too expensive here in Sweden! They need to lower the prices by 30-40% to sell more. Or they could keep the prices but deliver cars fully loaded! As you said Viking, they build them on China in the same factorys as chinese brands.

The problem with waiting. Tesla was trying untested and difficult production and sales of electrics for years before they started to get it right and sell in volume. They could charge high prices because they were alone. Now new car makers make a car, they need to charge a lot or sell slowly until they can compete with Tesla and BYD. They waited now they are all paying the price of waiting. Many will die trying

Polestar was just too hard to buy in the UK for a long time - very few places you could see or test them, long delivery times and quite expensive. I just went elsewhere.....

I love "The Electric Viking" moniker for your channel. It's unique, and it definitely fits as a brand for you. Good on you and your channel. I really do enjoy it here. Your takes are very smart and informative. Thanks for your hard work and in-depth analysis. Keep up the good work.

Polestar Vs Zeekr confuse to the customer already

@fullrulle77

2 күн бұрын

I think Geely is to blame. They could have started fewer brands and publicly state that they will continue to finance Polestar. It may work anyway when P3 and P4 starts selling more. The 3 has a lot of great reviews.

As many said, they are well over priced for what you get! They just are launching the new smaller Polestar 4 in the UK soon. That will cost £60.000p here, why pay such a high cost when for the same or a little bit less you can buy a Tesla Model Y for that which a a million times better for the money. Their 1st EV the Polestar 1 cost £170.000p and they had lots of rich persons buy it so that's why the EV sales looked good at 1st. But Polestar 2 then came out a bit later on and it was also expensive as heck but was not the same as the 1st model? The 3rd one came out and again a not great EV and still very pricey, And people saw the Tesla EV's were tons better and had the super charger network and monitoring by the 360 degree cameras it has and went and brought that instead of the Polestar 2 and 3, So Polestar doubled down and has done a 4th version, But still over priced for the stats it has. I can't see Polestar carrying on if they don't cut prices in half and have better EV features for the money?

@michaeledwards8079

2 күн бұрын

for £60000 you can buy an Audi A6 or a BMW 5 series, that are luxurious and less depreciation

@KP-xi4bj

Күн бұрын

@@michaeledwards8079 Why buy a dino juice sipping, coal rolling antique on 4 wheels, aka ICE car when you can futureproof yourself with a Tesla?

@markbennett6658

Күн бұрын

The Polestsr is arguably much more pleasing on the eye than any Tesla! The first very expensive one was a hybrid not a full EV. I actually see quite a lot of Polestar 2 on the roads in the UK so they must be doing something right? I think they’ve not been quick enough to expand the range though and a more budget sub £40K one would be welcome even if Polestar is supposed to be a luxury brand.

@hargeaux

Күн бұрын

Polestar 2,3,4 are objectively not bad cars. They aren't aiming to take market share from Tesla buyers, they are aiming to take it from BMW, Merc, Audi drivers. That's a tough ask, but I think it's possible.

2023 Canadian wildfires burned nearly 7.8 million hectares of forest and accounted for more than a quarter of all tree cover loss globally. Furthermore, forests impacted by wildfires emitted nearly 3 billion tons of CO2 or about 25% more carbon than all primary tropical tree cover loss that year. These results have important implications for global carbon budgets because emissions from these wildfires will largely be excluded from official greenhouse gas reporting.

@johnhg_myaus

Күн бұрын

Yes, Its quite a hypocrisy. Just selective reporting for feel good factors by governments. Another is warfare, how much CO2 and CO emissions from the current battlegrounds of Gaza, Ukraine, Myanmar....

volvo does the service…also owned by Geely….so no issues for service in the future. Too many options???? ever buy a Benz or Porsche (their target customer)…AND for Sam to be pissed because they did not give him a test car lowers my opinion of him

Well, Volvo did say they weren't putting any more money into Polestar so I guess its all up to Geely now.

They're making high end cars that not many people can afford, not surprising they're in trouble

Love my Polestar 2. Amazing car! About the packages, they are the easiest in the auto industry, period. I don’t want to be disrespectful but sometimes I think KZreadrs don’t really know what to say 🤷‍♂️

I have my 2nd PS2 allwheel drive and I am happy with it. But I have always leasen my cars because of the risk of them going bust. I think just building luxury cars and thats what they are ( mine is 66k€) is a very risk Strategie....

If they keep launching cars like the Polestar 4 then they deserve to go bust.

Are there any risks to you as a private person if you private lease say a polestar and they go bankrupt?

I still think the Fisker looks cool. The ownership experience is probably awful, especially after filing for bankruptcy. But the cars look cool IMO. What a pity.

"EV reliability is actually terrible. (And here's the proof.) | Auto Expert John Cadogan" Polstar among the worst apparently.

I think they meant slower demand for their cars.

Polestar 4 will start manufacture in South Korea negating the European import duty

I remember thinking right at launch that they should have just kept it as Volvo. It'll be absorbed back into the Volvo brand I reckon. Give it a year, two tops.

The great advantage that Tesla had over other EV makers is that the company had staggering amounts of subsidy for each car. Cars made in China and trying to be sold in the west don’t access the same subsidy. I think they should remove all subsidies and tariffs.

They went chasing after Porsche and forgot that they had a budget. Time for cost cutting.

EV company stocks have been down for the past year, including Tesla. With inflation and high interest rates, this is what happens to the auto sector, especially EV's, as people are more frugal making financial decisions and high rates lead to higher monthly payments. Whether Polestar can weather the storm is another question, but having Volvo and Geely helps them much more than many other companies, i.e., Fisker, Mullen, Lucid, etc. The other issue whether existing electric grids can handle this impending EV boom, as I suspect this "throttling" of EV growth is by design as governments scramble to catch up.

@0xdawg754

Күн бұрын

I am in the market for collecting Lucids ... literally the one EV firm should be bought out by customers

they are renting a Polestar 2 with the plus package for only 349 CAD in Canada. This is insane as the rent is only for 12 months and the value of this car is like 71000CAD. Can you be;leive how muche they are going to loose trying to sell this car!

Polestar was way too expensive for what you got. The web page has the charm of a wholesaler store. If your car isn't presented stylish, sexy, dynamic you're better offer a cheap car. End of company.

I would only get a Polestar 3 lightly used. Depreciation happens too fast to throw $70K plus at a new model.

It would be a shame if they disappear.

New cars are coming out to fast, too many, with too much tech and everthing has its own software. Plus you rarely see volvo drivers never the less polestars ...

Practical everyday C-class station wagon or hatchback at 25K USD before subsidies with at least 300 miles of highway range + 200k kms or 10 years warranty on the drivetrain+battery - that's when I'm purchasing an EV. Not interested in all those USD40-50K+ premium/luxury bs. Until then I'm driving my 2004 Buick LeSabre.

En europa posiblemente venden menos, tal vez es el mercado de Polestar. Su gran problema son los precios en comparación con el resto de sus hermanos.

Who was so dumb to trust that Fisker vaporware salesman? 😂

@Kujaku1909

2 күн бұрын

Viking was. Listen to his old videos in Fisker.

@xiaoka

Күн бұрын

@@Kujaku1909 well hopefully he didn't invest too.... or at least he didn't get stuck w/ one...

50 - 60 options? What the hell are you talking about? Until the MY25 was announced there were 3 packages options, pilot, plus and performance.

My main issue with polestar: I am not going to pay 70-80k for a car built in China. If it’s built in china I am not willing to pay more than 80% of the price I would pay if it were built in Europe.

Polestar will ultimately be bailed out by Geely. The idea that it's a scrappy start-up is nothing but a big charade.

Geely will never let Polestar died. At most, they might scale down their operation and sell Zeeker reskin.

Hertz will rent you a Polestar P2 as a "EV Manager Special" much cheaper than a Tesla Model 3. I would say the ride is not great but the performance is good.

takes a lot of money to setup production of new cars and polestars whole lineup is basically new

Why EV companies going bankrupt?? I thought they are the future in your own words?

@jedisparky

2 күн бұрын

A poorly run business is going to run into hurdles no matter how vibrant the industry is. If you can't account for your losses in way that investors understand, then you're going to be hard pressed to be a successful company.

@s2d4

2 күн бұрын

Why are companies going bankrupt? I thought the share markets have been up since Covid? Why are kids getting dumber? I thought people are more educated than ever? Context matters, unless arguing for the sake of arguing is your thing.

@davidbrayshaw3529

2 күн бұрын

They're future of bankruptcy. But it's not the fault of the EV itself. Polestar rate the absolute bottom of the pile in the recent JD Power survey. Ahead of it was Chrysler and then equal third worst vehicles, Rivian and Tesla. How long are you going to stay in business if you sell rubbish cars that are back at the dealership for repairs in the first three months? These manufacturers really have to start thinking about building serviceable vehicles that don't start falling apart as soon as you drive them off the lot.

Thomas @ Autogefuel seems to also be banned to by Polestar 🤷🏼‍♂️ He’s to god and would discover any bullshit, poor design and bad choices.

#1 complain. Too Expensive! Not many many buyers out there for ultra luxury expensive EV in this recession market.

What confusing options packages are you talking about? 🤨 I'd say the Polestar configurator is one of the simplest I have ever played with.

@casperhansen826

Күн бұрын

So you haven't tried Tesla, choose model, performance pack, color, Interior color, rims and maybe a tow hitch

@millerbai

Күн бұрын

@@casperhansen826 Clearly wrote ONE OF the simplest, didn't I? 🙄 But anyway, Polestar offers maybe 3 or 4 more options than that so I'm still wondering about what confusion the guy is talking. I mean, go configure a Porsche...

Hi Sam great show as asaul.i do pray for your wife and family brother in Europe they've terrified the public about EVs so polestar is right bro

I will say the seats are uncomfortable

Maybe Geely wants to drop the brand in favour of pushing the Zeeker brand.

Has IOONA ever given an update

Maybe it's spending too much money on the hydrofoil ferry.

With luxury EVs now selling for cheap used in this unique point in time with prices forced down due to the combination of a customer base resistant to EVs and numerous EV brands struggling to survive my car buying strategy going forward to is to- roll the dice. In 2 years I will be buying a used EV. Most of the choices will be close to or over the 8-year 100k mile warranty. My choice will be risky to the point where I probably won’t even carry full insurance on it and will take the loss if the main battery fails out of warranty. But the savings could be astronomical with the car already depreciated 80-90%. Imagine buying a Polestar 2 for $10k and driving it with with just liability insurance for 10 years. Bargain of the century. Then retire the car and sell the battery for a solar system project.

You don’t remember when Standard Vanguards were common on Australian roads. Pronounced Van-gard

polestar has too much brand recognition, as you said, it's a minor part of the overarching business geely is making a ridiculous amount of money and the 1b in loses for their polestar brand is largely irrelevant, they'll need to cut costs massively and streamline manufacturing to bring better value, that's logically the next step not a chance in hell polestar will disappear, that's only going to happen if geely find themselves in trouble for now, polestar is building it's brand, short term profits aren't the objective fun fact: traditional car manufacturers sell cars at a loss, it's the parts revenue that brings in the profit ;)

If you want a Polestar car you better sell it. You might not get any service if it goes bankrupt.

They still make a good car

Polestar is just launching their second and third model lineup. And there is two more models on the pipeline. So it requires funding and Geely is now investing to development of Polestar brand. It is also understandable that Geely changed Polestar ownership away from their another daughter company Volvo, because Polestars investment phase would have ruined Volvo’s healthy financial position. I hate this kind of false information where reason is only get more clicks than sharing real information. That’s something “vikings” don’t do, but it’s way to work in USA today.😢

Polestar is a good car, bit too expensive for my test, but I hope that it will survive.

Isn’t it a Geely company?

Polestar cars are plain and way overpriced.

@OneEyedMonkey9000

2 күн бұрын

You have to pay extra for the yellow seatbelt

They don't have so many options on their cars. You're mixing them up with VAG. ;-)

Geely should cut Polestar and focus on Zeekr

Polestar is the last ditch for the Swedish to hang on to a piece of what was their Volvo. It's clear the Swedist can no longer manage an auto business on their own. Without the lifeline from Geely, it would have folded long ago together with Volvo.

EV, firstly you said that Polestar announced “lower than expected demand” as a factor, you then converted that to “lower demand generally”’for EVs, which is not really what they stated. Nevertheless… Polestar’s pricing is definitely the issue and what holds them back from increasing their sales volumes. When they are asking upwards of AUD 80K for a USED 2022 Dual Motor P2 with all options, this makes no sense in today’s EV market. Sure they are a nice package, but the big delta in price is always going to keep their volumes down. The other thing which I believe limits their penetration is that they try to do the “total online experience” a-la-Tesla. This approach makes it that much more difficult for anyone living outside a major city to go and see, touch, drive a Polestar, and I think limits their market to buyers who are less informed and not EV nuts like all of us here. 😂 The reason Tesla gets away with that approach is because their brand is by now synonymous with EVs.

Strange isn’t holding company got a say in the direction of company. Geely need to be accountable too why polestar run to the ground.

Geely will still bail up Polestar?

An american survey of 100,000 cars apparently highlighted that Polestar had one of the worst records for reliability

@wieczo0

2 күн бұрын

Link please ?

@jinxvrs

Күн бұрын

@@wieczo0 It was a J D Power survey in the USA - three of the four bottom positions were filled by Polestar, Tesla and Rivian. Although the complaints were mainly about the infotainment, apps, lack of simple controls/buttons, Tesla's shit auto wipers. The actual battery/motors were not a concern, so not really anything to do with reliability.

Haha why is everyone surprised? they are so slow to bring out their models, everyone who wanted a PS2 already has one. The 3 and the 4 just took way too long to come out. I know plenty of people who wanted a 3 or 4, but because they're still not out yet, they opted for a different option. Even zeekr has 2 models on the road now in Europe same with Smart, yet Polestar still one single road car for the general public. Again it's like beeing behind in a kitchen if the food takes too long the customers leave? No food, no sales, no profit I don't think we need to make it needlessly complicated 😂😅

Feels like a bit of a retribution clip for a no email response from Polestar.

100% import tax in the US? 🤐

Ah ha! You said the magic words...."Sweden based".... not owned but based. There's where the issues are. Even though the car is made in China there's a financial drag caused by the EU part of the operation.

It's a Ross Gerber company. Need I say more.