What is Polestar’s Formula 2030, and why does it matter? Motoring Polestar will reveal its Formula 2030 concept in October, previewing the next Polestar 2 and Polestar 7 as the Swedish-Chinese EV maker looks to grow sales and move towards profitability. This is the first clean-sheet design produced under design chief Philipp Römers, who joined Polestar in January 2025, and it will preview two of the [...]
LEVC: London electric taxi company loses £180m Transport and infrastructure LEVC, the London electric taxi company, lost almost £180m during its latest financial year as its sales were slashed. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, has reported a pre-tax loss of £179.4m, according to new accounts filed with Companies House. The business, which is owned by Chinese automotive [...]
Polestar takes advantage of Tesla sales slump Transport and infrastructure Polestar is benefitting from Tesla’s well-publicised slump as it revealed a huge growth in global sales for the first three months of 2025. The Swedish company, which is listed on the US Nasdaq, has sold an estimated 12,304 cars since the turn of the year, 76 per cent up compared to the same period in [...]
Falling number of London taxi drivers leads to LEVC losing more than £100m August 21, 2024 LEVC is attempting to boost its net worth by £100m to combat the falling number of taxi drivers in central London and the expected further decline in its sales this year. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, is in the process of increasing the value of everything a [...]