Polestar $1.6B Investment, NIO Oct 2022 & Tech News Updates!

Polestar $1.6B Investment, NIO Oct 2022 & Tech News Updates!

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Polestar News
“We welcome the continued support from our major shareholders at a time when the capital markets are volatile and unpredictable. With sufficient funds through 2023, we remain laser focused on business execution. We have around 70,000 cars on the road today, and are on track to reach our goal of delivering 50,000 cars to customers in 2022. We are making strong progress on our ambitious plans to launch three more cars by 2026,” says Polestar CEO, Thomas Ingenlath.

Bite Size News

Apple now worth more than Google, Amazon, Meta, and Netflix combined as of November 2nd 2022!

  • Apple's market value is now higher than that of Alphabet, Amazon and Meta combined.
  • The iPhone maker's worth stands at $2.307 trillion, while its tech peers add up to $2.306 trillion.
  • Tech stocks have suffered after posting poor quarterly earnings, but Apple dodged a wipeout.

NIO NEWS

In October alone NIO as added

  • 12 NIO Houses
  • 1 NIO Service Center
  • 2 Authorized Service Centers
  • 2 NIO Delivery Centers
  • 43 Power Swap Stations, including 8 PSS along highway routes
  • 49 Super Charging Stations & 30 Destination Charging Stations
  • 26,455 3rd-Party Chargers

NIO Inc. Provides October 2022 Delivery Update

  • NIO delivered 10,059 vehicles in October 2022, increasing by 174.3% year-over-year
  • NIO delivered 92,493 vehicles year-to-date 2022, increasing by 32.0% year-over-year

Cumulative deliveries of NIO vehicles reached 259,563 as of October 31, 2022

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