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Polestar (PSNY) CEO says rivals are falling into a trap by delaying EV plans

Baua Electric

Polestar’s Ingenlath told The Telegraph that automakers like Mercedes, Ford, Aston Martin and GM delaying EV plans were falling into a trap. Ford’s CEO Jim Farley already said if you cannot compete with the Chinese, “then 20% to 30% of your revenue is at risk.” FTC: We use income earning auto affiliate links.

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New EV electric car calendar

EV Central

ACE-EV X1 Transformer – Australian-based start-up plans a small range of affordable EVs focused on light commercial duties. $5 Aston Martin DBX PHEV and EV – electrified versions of AM’s first SUV on the cards. The next issue is the financial health of Aston Martin, which has delayed things until at least 2025.