Latest News Updates From Rafaela Lindeberg

Initially seen as a steppingstone to battery-only vehicles, plug-in hybrids are more popular as drivers demand more electric power to help offset surging fuel prices. 

The addition is set to triple the size of Einride’s deployed fleet and extend its network across North America. It has previously used vehicles from Daimler Truck, Scania, MAN and BYD.

VW holds an 87.5% stake in Traton. Its goal is to bring down the Traton holding to 75% plus one share to retain control.

Polestar was denied authorization to sell future models in the U.S. from next year under connected-vehicle rules aimed at limiting Chinese technology.

The Stockholm-based startup went public on the Nasdaq through a merger with blank-check firm Legato Merger at a pre-money equity valuation of about $1.35 billion. 

Self-driving trucks are set to start driving in the U.S. in the coming months, with more than 300 autonomous rigs on highways by the end of 2027, the company said.

So far the EX60, with a driving range of more than 497 miles on a single charge, is only available in European markets. U.S. order books are due to open later this spring. 

Polestar Automotive Holding UK has secured $300 million in new financing, giving the cash-burning electric vehicle maker a fresh lifeline as it contends with heavy losses.

The Stockholm-based autonomous driving startup will combine with special purpose acquisition company Legato Merger and is set to raise $319 million in the process, the company said Nov. 12.

The manufacturer on Oct. 17 projected declining North American truck registrations for 2026, with CEO Martin Lundstedt citing rising uncertainty tied to President Trump’s planned duties.