Polestar will adopt North American Charging Standard to enable access to Tesla Supercharger network in USA and Canada
June 29 2023 - 9:00AM
Business Wire
Polestar has signed an agreement with Tesla to adopt the new
North American Charging Standard (NACS) which will enable access to
Tesla’s expansive Supercharger network for all Polestar drivers in
the United States and Canada.
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the full release here:
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Polestar future product line-up. (Photo:
Business Wire)
From 2025, new Polestar vehicles sold in North America will be
equipped with the NACS charging port by default. Adapters to help
allow existing Polestar drivers to access the network in a
convenient way are expected in mid-2024.
“This is a great win for our North American customers! We salute
the pioneering work Tesla has done to speed up the adoption and
increase the popularity of electric vehicles, and it’s great to see
the Supercharger network being made available in this way. With
12,000 charging points today, a number that will only keep growing,
this move will greatly increase the rate of EV adoption in a key
automotive region,” says Thomas Ingenlath, CEO.
The agreement applies to current and future Polestar models. To
maintain compatibility with existing CCS public fast charging
infrastructure in North America, future NACS-equipped Polestar
vehicles will come with a CCS adapter.
About Polestar
Polestar (Nasdaq: PSNY) is the Swedish electric performance car
brand determined to improve society by using design and technology
to accelerate the shift to sustainable mobility. Headquartered in
Gothenburg, Sweden, its cars are available online in 27 markets
globally across North America, Europe and Asia Pacific.
Polestar plans to have a line-up of five performance EVs by
2026. Polestar 2, the electric performance fastback, launched in
2019. Polestar 3, the SUV for the electric age, launched in late
2022. Polestar 4, the SUV coupé transformed, is launching in phases
through 2023 and into 2024. Polestar 5, an electric four-door GT
and Polestar 6, an electric roadster, are coming soon.
The Polestar 0 project is the company’s ambitious goal of
creating a truly climate-neutral production car by 2030. The
research initiative also aims to create a sense of urgency to act
on the climate crisis, by challenging employees, suppliers and the
wider automotive industry, to drive towards zero.
Forward-Looking Statements
Certain statements in this press release (“Press Release”) may
be considered “forward-looking statements” as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements generally relate to future events or the future
financial or operating performance of Polestar. For example,
projections of revenue, volumes and other financial or operating
metrics are forward-looking statements. In some cases, you can
identify forward-looking statements by terminology such as “may”,
“should”, “expect”, “intend”, “will”, “estimate”, “anticipate”,
“believe”, “predict”, “potential”, “forecast”, “plan”, “seek”,
“future”, “propose” or “continue”, or the negatives of these terms
or variations of them or similar terminology. Such forward-looking
statements are subject to risks, uncertainties, and other factors
which could cause actual results to differ materially from those
expressed or implied by such forward looking statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by Polestar and its
management, as the case may be, are inherently uncertain. Factors
that may cause actual results to differ materially from current
expectations include, but are not limited to: (1) Polestar’s
ability to maintain agreements or partnerships with its strategic
partners, Volvo Cars and Geely, and to develop new agreements or
partnerships; (2) Polestar’s ability to maintain relationships with
its existing suppliers, and source new suppliers for its critical
components, and to complete building out its supply chain, while
effectively managing the risks due to such relationships; (3)
Polestar’s reliance on its partnerships with vehicle charging
networks to provide charging solutions for its vehicles and its
reliance on strategic partners for servicing its vehicles and their
integrated software; (4) Polestar’s reliance on its partners to
manufacture vehicles at a high volume, some of which have limited
experience in producing electric vehicles, and on the allocation of
sufficient production capacity to Polestar by its partners in order
for Polestar to be able to increase its vehicle production
capacities; (5) competition, the ability of Polestar to grow and
manage growth profitably, maintain relationships with customers and
suppliers and retain its management and key employees; (6)
Polestar’s estimates of expenses and profitability; (7) increases
in costs, disruption of supply or shortage of materials, in
particular for lithium-ion cells or semiconductors; (8) the
possibility that Polestar may be adversely affected by other
economic, business, and/or competitive factors; (9) the effects of
competition and the high barriers to entry in the automotive
industry, and the pace and depth of electric vehicle adoption
generally on Polestar’s future business; (10) changes in regulatory
requirements, governmental incentives and fuel and energy prices;
(11) the outcome of any legal proceedings that may be instituted
against Polestar or others; (12) the ability to meet stock exchange
listing standards; (13) risks associated with changes in applicable
laws or regulations and with Polestar’s international operations;
(14) Polestar’s ability to establish its brand and capture
additional market share, and the risks associated with negative
press or reputational harm, including from lithium-ion battery
cells catching fire or venting smoke; (15) delays in the design,
manufacture, launch and financing of Polestar’s vehicles and
Polestar’s reliance on a limited number of vehicle models to
generate revenues; (16) Polestar’s ability to continuously and
rapidly innovate, develop and market new products; (17) risks
related to future market adoption of Polestar’s offerings; (18)
risks related to Polestar’s distribution model; (19) the impact of
the global COVID-19 pandemic, inflation, interest rate changes, the
ongoing conflict between Ukraine and Russia, supply chain
disruptions and logistical constraints on Polestar, Polestar’s
projected results of operations, financial performance or other
financial and operational metrics, or on any of the foregoing
risks; and (20) other risks and uncertainties set forth in the
sections entitled “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in Polestar’s Form 20-F, and other
documents filed, or to be filed, with the SEC by Polestar. There
may be additional risks that Polestar presently does not know or
that Polestar currently believes are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements.
Nothing in this Press Release should be regarded as a
representation by any person that the forward-looking statements
set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved. You
should not place undue reliance on forward-looking statements,
which speak only as of the date they are made. Polestar assumes no
obligation to update these forward-looking statements, even if new
information becomes available in the future.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230629093526/en/
Brent Ellis Head of Product PR, Polestar
brent.ellis@polestar.com
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