Business

Storedot, Polestar begin strategic partnership

By Brian Coote

Published: June 10, 2022

StoreDot has entered a strategic partnership with Polestar. As part of this new partnership and investment agreement, Polestar will investigate utilizing StoreDot’s extreme fast charging silicon-dominant batteries for future Polestar cars. StoreDot says it is on track to begin mass producing its ‘100in5′ technology as early as 2024, achieving 100 miles of range in five minutes of charging.

The new funding comes as part of StoreDot’s Series D investment round. Polestar is joining a list of the company’s global investors and partners, including Daimler, BP, VinFast, Volvo, Ola Electric, Samsung, TDK and EVE Energy.

Canoo to export LDV 130 and LDV 190 delivery vehicles to Saudi Arabia

Jazeera Paints will be deploying Canoo’s LDV 130 and LDV 190 delivery vehicles within its existing fleet in Saudi Arabia.

By Christian Hinton

Published: April 9, 2024

Canoo signed a vehicle sales agreement with Jazeera Paints, which will initially purchase 20 of Canoo's EVs into its fleet this year, with the option to expand to up to 180 additional vehicles. This agreement taps into the Saudi Arabian EV market, which commands a total addressable market (TAM) of over $30 billion. It aligns with initiatives within the Gulf Cooperation Council (GCC) region to enhance sustainable mobility solutions, Canoo said.