6 ms·

I invested this week in $GGPI/Polestar, they are a swedish EV company that already delivered 20k cars. Valuation is $20b or 1/4th of Rivian: https://www.datocms

by Max-20 5y ago

I invested this week in $GGPI/Polestar, they are a swedish EV company that already delivered 20k cars. Valuation is $20b or 1/4th of Rivian: https://www.datocms-assets.com/11286/1632735805-210927-polestar-investor-presentation-final.pdf https://www.datocms-assets.com/11286/1632735805-210927-poles...

nemothekid 5y ago
Interesting, do you have any idea how that works. I thought Polestar was a brand/subsidiary of Volvo?
- deleted 5y ago
  [deleted]
- ardit33 5y ago
  No, owned by Geely, which owns Volvo as well. It is an attempt from Geely to gain foothold in the western markets without being associated as a chinese brand, but as a swedish one.
  - chrisseaton 5y ago
    I think it's more complicated than that - it was certainly owned entirely by Volvo as recently as 2015 and seems to share basically all engineering resources with Volvo. Seems like a funny attempt somewhere to make it seem like something other than Volvo - not sure why as Volvo has a reputation that's fairly decent already, if a bit dull and parental. I guess that's why Polestar is separate - to be more fashionable. Polestar still 'engineer' Volvos - I think it was at some point like BMW's 'M' thing - like a badge?
    - Decker87 5y ago
      I think it might have to do with the Polestar 1 being a higher-end sports car.
    - poniko 5y ago
      Polestar was a firm that did trim and racing cars for Volvo. Volvo did aquire Polestar and a few years later they spun it out to be a ev-company owned 50/50 by Geely and Volvo (and volvo is owned by geely). The cars are designed in Sweden but built in China. The founders of Polestar now runs the Cyan racing company which is the official racing partner of volvo and geely...
    - thrill 5y ago
      Similar idea to how Lexus is an independent company from Toyota.
    - martin_bech 5y ago
      But its is something other, like Audi is different than VW and Porsche, although their share a lot of ressources.
      - dagw 5y ago
        A big difference is that Audi was an established car maker that had made a lot of cars long before VW bought them. Polestar wasn't a car maker before being bought by Geely and has never made car independently of Volvo/Geely.
    - kipchak 5y ago
      I interpreted it as not wanting to cannibalize ICE Volvo/existing model sales with EVs. Ford's Mach-E is on the other end of the spectrum.
      - jackvalentine 5y ago
        Volvo have committed to being a 100% electric manufacturer this decade: https://www.media.volvocars.com/global/en-gb/media/pressreleases/277409/volvo-cars-to-be-fully-electric-by-2030 https://www.media.volvocars.com/global/en-gb/media/pressrele...
ardit33 5y ago
Polestar is Chinese owned brand(Geely), and their polestar cars are basically the Volvo xc40 ev version. (that's why their sedan is so tall/high ground clearance). They have yet to build a fully independent ev first platform.
- agloeregrets 5y ago
  Volvo is owned by Geely so it's kinda all flopped around in the frame of reference. By all intents, the XC40 platform was designed for Polestar and with Polestar because Polestar IS Volvo. It's just more fuzzy. All in, investing in polestar is investing in Volvo one way or annother.
GDC7 5y ago
I know it will be unpopular here...but if Polestar decided to go against the trend and make a Gas only turbocharged Polestar-1 at a 30k price point it would give the Dodge Charger a run for its money. Simply put it they'd sell a ton of them. The Dodge/Mustang brand will always have traction among a certain demographic but their design language looks tired. New generations are looking for something which has the design of the Polestar_1. Also the elephant in the room: Everybody wants and touts EVs, up until it's their turn to make a purchase, then the tradeoffs in terms of price, look and build quality make themselves feel strongly.
- chrisseaton 5y ago
  > New generations are looking for something which has the design of the Polestar_1. What's the unique design of a Polestar 1? It's the same old basic low-rise sedan/saloon design that everyone's bored of isn't it?
  - naravara 5y ago
    Car shaped cars are a welcome respite from everything being a lifted, oblong spheroid now.
    - deleted 5y ago
      [deleted]
- martin_bech 5y ago
  Basicly the rest of the world is going EV.. would be wierd to go the other way, and would end in pain..
- mrgordon 5y ago
  I don't think its about looks at all. If anything its mostly been about range followed by price. Now that some of the newer cars like the Lucid Air go 520 miles on a single charge, its going to start to be a much easier sell especially with gas prices spiking to records in many places.
wandering_rhino 5y ago
polestar has been around for ages kind of like bmw m. geely kind of killed the performance division of Volvo and spun it off into separate company kind of how Harley did with its live wire. love Volvos but we have to see how successful polestars will be
fy20 5y ago
Polestar are a brand of Geely, a Chinese EV company. Their latest car is based on the CMA platform, which is shared by a number of their brands: https://en.wikipedia.org/wiki/Compact_Modular_Architecture_platform https://en.wikipedia.org/wiki/Compact_Modular_Architecture_p... I don't think they are anything much more than marketing nowadays, same as Abarth and Cupra.

by Max-20 5y ago

nemothekid 5y ago

Interesting, do you have any idea how that works. I thought Polestar was a brand/subsidiary of Volvo?

deleted 5y ago
[deleted]
ardit33 5y ago
No, owned by Geely, which owns Volvo as well. It is an attempt from Geely to gain foothold in the western markets without being associated as a chinese brand, but as a swedish one.
- chrisseaton 5y ago
  I think it's more complicated than that - it was certainly owned entirely by Volvo as recently as 2015 and seems to share basically all engineering resources with Volvo. Seems like a funny attempt somewhere to make it seem like something other than Volvo - not sure why as Volvo has a reputation that's fairly decent already, if a bit dull and parental. I guess that's why Polestar is separate - to be more fashionable. Polestar still 'engineer' Volvos - I think it was at some point like BMW's 'M' thing - like a badge?
  - Decker87 5y ago
    I think it might have to do with the Polestar 1 being a higher-end sports car.
  - poniko 5y ago
    Polestar was a firm that did trim and racing cars for Volvo. Volvo did aquire Polestar and a few years later they spun it out to be a ev-company owned 50/50 by Geely and Volvo (and volvo is owned by geely). The cars are designed in Sweden but built in China. The founders of Polestar now runs the Cyan racing company which is the official racing partner of volvo and geely...
  - thrill 5y ago
    Similar idea to how Lexus is an independent company from Toyota.
  - martin_bech 5y ago
    But its is something other, like Audi is different than VW and Porsche, although their share a lot of ressources.
    - dagw 5y ago
      A big difference is that Audi was an established car maker that had made a lot of cars long before VW bought them. Polestar wasn't a car maker before being bought by Geely and has never made car independently of Volvo/Geely.
  - kipchak 5y ago
    I interpreted it as not wanting to cannibalize ICE Volvo/existing model sales with EVs. Ford's Mach-E is on the other end of the spectrum.
    - jackvalentine 5y ago
      Volvo have committed to being a 100% electric manufacturer this decade: https://www.media.volvocars.com/global/en-gb/media/pressreleases/277409/volvo-cars-to-be-fully-electric-by-2030 https://www.media.volvocars.com/global/en-gb/media/pressrele...

ardit33 5y ago

Polestar is Chinese owned brand(Geely), and their polestar cars are basically the Volvo xc40 ev version. (that's why their sedan is so tall/high ground clearance). They have yet to build a fully independent ev first platform.

agloeregrets 5y ago
Volvo is owned by Geely so it's kinda all flopped around in the frame of reference. By all intents, the XC40 platform was designed for Polestar and with Polestar because Polestar IS Volvo. It's just more fuzzy. All in, investing in polestar is investing in Volvo one way or annother.

GDC7 5y ago

I know it will be unpopular here...but if Polestar decided to go against the trend and make a Gas only turbocharged Polestar-1 at a 30k price point it would give the Dodge Charger a run for its money. Simply put it they'd sell a ton of them. The Dodge/Mustang brand will always have traction among a certain demographic but their design language looks tired. New generations are looking for something which has the design of the Polestar_1. Also the elephant in the room: Everybody wants and touts EVs, up until it's their turn to make a purchase, then the tradeoffs in terms of price, look and build quality make themselves feel strongly.

chrisseaton 5y ago
> New generations are looking for something which has the design of the Polestar_1. What's the unique design of a Polestar 1? It's the same old basic low-rise sedan/saloon design that everyone's bored of isn't it?
- naravara 5y ago
  Car shaped cars are a welcome respite from everything being a lifted, oblong spheroid now.
  - deleted 5y ago
    [deleted]
martin_bech 5y ago
Basicly the rest of the world is going EV.. would be wierd to go the other way, and would end in pain..
mrgordon 5y ago
I don't think its about looks at all. If anything its mostly been about range followed by price. Now that some of the newer cars like the Lucid Air go 520 miles on a single charge, its going to start to be a much easier sell especially with gas prices spiking to records in many places.

wandering_rhino 5y ago

polestar has been around for ages kind of like bmw m. geely kind of killed the performance division of Volvo and spun it off into separate company kind of how Harley did with its live wire. love Volvos but we have to see how successful polestars will be

fy20 5y ago

Polestar are a brand of Geely, a Chinese EV company. Their latest car is based on the CMA platform, which is shared by a number of their brands: https://en.wikipedia.org/wiki/Compact_Modular_Architecture_platform https://en.wikipedia.org/wiki/Compact_Modular_Architecture_p... I don't think they are anything much more than marketing nowadays, same as Abarth and Cupra.