Is Polestar giving themselves permission to lie?  |  Auto55.be

Is Polestar giving themselves permission to lie? | Auto55.be


ahaIt is characteristic of every major sector transition: there are companies that try to capitalize on it. The forced electrification of the European automotive industry is no exception. There are companies that watch from the sidelines and there are brands that see their place. China’s Geely is running a tougher course with subsidiaries Volvo and – in particular – Polestar. Just building a good EV is not enough. The environment of future direction, technology and ecology is stopped around the product. You would almost get the feeling that you can save the planet with your own hands. On one condition, of course: that you buy a car from them.

Pleasing claims

One of those wild claims: make a completely CO2-free car by 2030. An electric car, of course, because communication gives the impression that only it can be put together in an ecological way. In fact you could very well argue that if you can build a 2.2-ton EV with CO2-neutral hard materials, you can also build a similar conventional car (weighing only 1.5 tons) with simple materials (non-hard alloys) that way. , but why give that opinion as an industry today?

do not believe in it

You shouldn’t unfair loyalty forward-looking statements are made

The more impossible the demands, the greater the risk of not being able to fulfill them. But then you should under no circumstances hold Polestar responsible. See the disclaimer that the brand will now attach to its press releases and which is reproduced in full below. Just 20 (!!) specific reasons why the information could not be correct, before opening the umbrella in the last paragraph. Every press release has a disclaimer, but we’ve never seen one this cool before. Polestar basically let himself lie. “Nothing in this press release should be construed as an assurance by anyone that the forward-looking statements stated will materialize.” In addition, “You should not place undue reliance on forward-looking statements.” Doesn’t Polestar itself say that it’s your fault if you believe what it says? Judge for yourself.

IMPORTANT DISCLAIMER FOR CLICKING POLESTAR INFORMATION BELOW ///

Forward-Looking Statements

Certain statements in this press release may be considered “forward-looking statements” as defined in the US Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or financial performance or in practice the future of Polestar. Forecasts of revenue, volume and other financial or operating data are examples of forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “expect,” “believe,” “forecast, ” “ability.” , ‘predict’, ‘plan’, ‘pursue’, ‘future’, ‘recommend’ or ‘continue’, negations of these words, variations thereof or similar terms. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.

These forward-looking statements are based on estimates and assumptions that, while believed to be reasonable by Polestar and its management, are inherently uncertain in certain instances. Factors that could cause actual results to differ from current expectations include, but are not limited to: (1) Polestar’s ability to execute agreements or partnerships with strategic partners Volvo Cars and Geely and develop new agreements or partnerships. (2) Polestar’s ability to maintain relationships with its existing suppliers, find new suppliers of key components and complete the supply chain, effectively manage the risks associated with those relationships. (3) Polestar’s reliance on its charging network joint venture to provide charging solutions for its vehicles, for its strategic partners to service its vehicles and their connected applications. (4) Polestar’s reliance on its partners to produce high-volume vehicles, some of which have little experience in the production of electric vehicles, and the allocation of sufficient production capacity to Polestar and its partners to allow Polestar to increase its production capacity of the car to expand. (5) Competitiveness, Polestar’s ability to grow and manage growth profitably, maintain relationships with customers and suppliers, and retain its management and key personnel. (6) Polestar’s estimates of costs and benefits. (7) Cost increases, supply interruptions or shortages of materials, especially lithium-ion cells or semiconductors. (8) The possibility that Polestar will be adversely affected by other economic, business or competitive factors. (9) The effects of competition and high barriers to entry in the automotive industry, the speed and rate of electric vehicle adoption in general on Polestar’s future business. (10) Changes in legal requirements, government incentives and fuel and energy prices. (11) The outcome of any legal proceedings brought against Polestar or third parties. (12) Ability to comply with stock market listing requirements. (13) Risks related to changes in laws or regulations and Polestar’s international operations. (14) Polestar’s ability to establish the brand and gain additional market share, risks related to negative media coverage or damage to reputation, including from lithium-ion battery cells catching fire or causing smoke. (15) Delays in the design, production, launch or financing of Polestar vehicles and Polestar’s reliance on a limited number of models to generate revenue. (16) Polestar’s ability to continuously and rapidly innovate and develop and market new products. (17) Risks related to future market adoption of the Polestar version. (18) Risks associated with Polestar’s distribution structure. (19) The impact of the global COVID-19 pandemic, inflation, changes in interest rates, the ongoing conflict between Ukraine and Russia, supply disruptions and supply constraints on Polestar, Polestar’s expected operating results, the performance of financial or other financial and operational data, or any of the foregoing risks. (20) Other risks and uncertainties as described in the “Risk Factors” and “Caution Regarding Forward-Looking Statements” sections in Polestar’s Form 20-F and other documents that Polestar files or will file with the SEC. There may be additional risks that Polestar is not currently aware of or that Polestar considers immaterial, but which could also cause final results to differ materially from those contained in the forward-looking statements.

Nothing in this press release should be construed as a representation, by any person, that the forward-looking statements mentioned will come to pass or that any of the results intended by such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Polestar undertakes no obligation to update these forward-looking statements, even if new information becomes available in the future.