[International Express] Polestar goes public; two Volkswagen U.S. electric car executives leave; Toyota needs to produce 840,000 vehicles per month from July

Polestar officially listed

On June 24, Polestar's shares began trading on the Nasdaq exchange under the ticker symbol "PSNY."Shares of Polestar closed the day at $13, up 15.8% from the June 23 closing price of the pre-merger SPAC company Gores Guggenheim.

Polestar will release Polestar 5 to benchmark Porsche Taycan

When the Polestar 5 goes on sale in 2024, the dual-motor, 800-volt battery sports sedan will be a direct competitor to the Porsche Taycan, Tesla Model S and electric cars from Lucid, Jaguar and Mercedes.

Two Volkswagen U.S. EV executives leave

Matt Renna , Volkswagen America's former vice president ofelectric vehicles, became head of hardware at self-driving delivery company Nuro in March, according to a LinkedIn profile.Dustin Krause, the former head of electric vehicles at Volkswagen of America, also became senior director of automotive partnerships at battery recycling startup Redwood Materials in May, following Renna's departure.

5 countries want to delay EU plan to bangasoline carsales in 2035

According to a document seen by Reuters, Italy, Portugal, Slovakia, Bulgaria and Romania want to delay by five years the European Union's plan to ban the sale of conventional fuel vehicles from 2035.

Toyota to produce 840,000 vehicles per month from July

Toyota said it would have to produce an average of 840,000 vehicles a month from July to March to achieve 970 in the current fiscal year (April 2022 to March 2023) due to the Covid-19 pandemic and global supply chain disruptions.productiontarget of10,000 vehicles .

Toyota, Subaru shares slide asfirst EVrecall

On June 23, Toyota and Subaru each recalled more than 2,500 pure electric vehicles bZ4X and Solterra globally.Affected by the news, shares of Toyota and Subaru closed down 0.7% and 2.8%, respectively, on June 24.

Mercedes-Benz EQXX sets another battery life record

According to the latest news, the current range of the Mercedes-Benz EQXX is up to 1,202 kilometers (747 miles), which is an improvement from the previous 1,008 kilometers and a new record.The improved EQXX range is due to an increase in energy efficiency from 8.7 kWh/100 km to 8.3 kWh/100 km.

Mercedes-Benz asks suppliers to provide carbon-neutral parts

Mercedes-Benz informed its suppliers that 90 percent of its purchases must provide carbon-neutral parts.Mercedes-Benz chief executive Ola Kallenius said sustainability would be a "signature criterion" for supplier contracts and that "if you want to do business with us, you need to have a sustainable business strategy".

India plans to introduce passenger car safety rating system

India will introduce a safety rating system for passenger cars, with the new system expected to come into effect in April 2023.India's road transport ministry said it would give the car a one-to-five-star rating based on tests assessing adult and child occupant protection and safety assist technology.India hopes the move will encourage automakers to offer advanced safety features and will boost the "export value" of vehicles produced in the country.

Stellantis stops production at two French plants or is related to Continental

According to Reuters, two people familiar with the matter said on June 24 that the suspension of production at two of Stellantis' car plants in France was related to a shortage of parts supplied by Continental.Continental was unable to deliver its connectednavigation and entertainment systemsto Stellantis' Citroen plant in Rennes, one of the people said .Another person familiar with the matter said that Stellantis' Peugeot plant in Sochaux also suspended production because Continental failed to deliver touchscreens.

SoftBank is 'studying' Arm to list in London

Masayoshi Son, chairman and chief executive of SoftBank Group, said on June 24 that he was "researching" plans to list British chip designer Arm in London, betting on a large-scale first Public offering (IPO) to revive the group's plummeting share price.

Marelli to enter court-led restructuring process

Japanese auto parts supplier Marelli will enter a court-led restructuring process after the company failed to get creditors to back an alternative that would provide faster debt relief.Marelli's spokesman, Hiroshi Watanabe, confirmed the result after a June 24 meeting of creditors.

Genesis G80 electric car delayed

Genesis has delayed the launch of the G80 electric sedan after it was scheduled to debut in showrooms this spring.The company didn't say why, but said more details on pricing and on-sale dates won't be announced until late summer or early fall.

McLaren is rumored to be planning an SUV

British automaker McLaren plans to launch an SUV between 2026 and 2030, British magazine Autocar has revealed.McLaren has often said it has no plans to launch an SUV, but that could change with the arrival of the company's new chief executive, Michael Leiters.

Hyundai Motor Group union workers may go on strike

Union workers at Hyundai Motor Group have warned of a possible strike after failing to narrow differences with management over pay raises and working conditions.On June 26, industry sources revealed that the union will vote on whether to strike on July 1.

LG Electronics Enters Electric Vehicle Charging Market

On June 26, LG Electronics said it had acquired a 60% stake in South Korean battery maker AppleMango.After the deal, LG Electronics will develop its own electric vehiclechargingstations through its new subsidiary AppleMango .In addition, LG Electronics has cooperated with GS Energy and GS Neotek.