Polestar Adopts North American Charging Standard In US & Canada
Portfolio Pulse from Shivani Kumaresan
Polestar Automotive Holding UK Limited (NASDAQ:PSNY) has signed an agreement with Tesla, Inc. (NASDAQ:TSLA) to adopt the new North American Charging Standard (NACS). This will allow Polestar drivers in the U.S. and Canada to access Tesla's Supercharger network. From 2025, new Polestar vehicles sold in North America will be equipped with the NACS charging port by default. Existing Polestar drivers will be given access to adapters which are expected in mid-2014.
June 29, 2023 | 3:36 pm
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POSITIVE IMPACT
Polestar's agreement with Tesla to adopt the NACS will enable access to Tesla's Supercharger network, potentially increasing the attractiveness of Polestar vehicles.
The adoption of the NACS and access to Tesla's Supercharger network could make Polestar vehicles more attractive to consumers, potentially driving up sales and positively impacting the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla's agreement with Polestar to adopt the NACS could potentially increase the usage of Tesla's Supercharger network.
The agreement with Polestar could increase the usage of Tesla's Supercharger network, potentially generating additional revenue for Tesla and positively impacting its stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80