Polestar's CEO: EV Doubting legacy auto is "Falling into an incredible trap’
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- Опубликовано: 25 июн 2024
- Polestar's CEO: EV Doubting legacy auto is "Falling into an incredible trap’
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#polestarev #ceo #trap #legacyauto #manufacturing
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Congratulation Sam on your 200,000 followers!
Thank you!!
The problem with western legacy auto is the ceos only do a typical 3 year stint , they aren't interested in the future of the company 😮
Exactly - the legacy OEMs' CEOs will collect their unearned millions and then deploy their golden parachutes, leaving their companies' employees, stockholders, suppliers and their communities holding empty bags.
Polestar's CEO Has a good brain and congrats mate 200K👌
I've had a Polestar 2 for 5 months now and it's awesome. Easily the best car I've ever had. And until this year, Polestar only had one model to sell (with several variations). Now they have three, with Polestar 3 and 4 deliveries starting this year. I think they are quite well positioned for the next few years.
Great news Ty for ur comment
We are very happy with ours also. We looked at Model 3 but it was too low to get into our garage which is at the top of a slope. Using Google Automotive for the UI was a smart move.
Well done Sam 200k 🎉🎉🎉
Thank you!!
Polestar 3 will be made in the Volvo factory in South Carolina. The Volvo EX90 will be made in South Carolina too.
Still Chinese owned Trojan Horse much
@@b4804514 Li Shufu, CEO of Geely, is not a Communist, and he built that company without government aid. He might be a Trojan Horse to the Communists though. If he could speak freely, he'd see the Communists off.
I still don’t understand how the US electric grids going to handle these cars. here in California is barely supporting the population. Governor Newsome actually had to ask people not to charge their car during the day. So all I see is insane electrical prices in the future this appears pretty unsustainable to me.
Polestar's making great cars, no question, they need to hang in there and keep improving their battery range as it's been pretty low. I 100% agree, legacy automakers not going all-EV will be gone soon as the industry and market are going EV.
I almost bought a new Polestar but it was cost prohibitive. I bought an Ioniq 6 AWD for 36k in North Carolina. Love it.
Just keep an eye on battery replacement cost, baby that battery
Super cool glad ur happy congratulations
shownc8 • Does it mean that the battery is afraid to go bad if you keep an eye on it? 🤣
they have those nasty LG batteries... be careful with them
same struggles
It’s interesting that the Legacy automakers first announced what we all viewed as grandiose production and sale projects, without having the battery supply secured nor having worked out their production quality and capacity, and now are back tracking and blaming it on the market. Basically Ford and GM fumbled the ball on their EV roll out.
……….. a legacy LIE LIE LIE LIE
Polestar 3 will be produced in the US, test production is already going and full scale will commence in the summer. The 3 is already coming off the lines in China for the Asian and presumably middle-eastern markets. The US factory will supply the US and Europe. The Polestar 4 will be produced in China and in South Korea for the US market. I think they've got a shot at taking some significant market shares away from others in the luxury EV-segment as they are backing down or slowing down.
Luxury brand buyers can generally charge at home and not have to depend upon the still growing DCFC infrastructure. If they need to take a road trip where the lack of charging stations would be an issue, they may have a second or even third ICE car available. They can wait out the buildout of the charging network and can show off their luxury EV in the interim.
I have driven 33k miles in 20 months since I bought my Tesla.
Most of it on long distance road trips.
Last one was 5000 miles l.
Haven't had any issues charging..
200.000. Yor the Best. Keep on. Time is on your Side.😊. Coming Renault 5 EV, Coming Citroen EC 3, and Silence Company Barcelona with Standard Battery Swapp mini Car
15.000 Euros. Tesla Prices down. BYD on the Long March Worldwide. Solar Wp price down from 2 dollar Wp to 10 cent Wp. Batteries Cheaper and Better all the time. All good News to inform us.❤ Thank You Sam.
Any commodity that needs government intervention to sell it instead of letting market forces dictate the selling and buying, has a problem.
Sandy Monro reviewed the Polestar 2, two years ago. At the end, he said it was the first real competitor to Tesla.
I have an idea for dealerships that hate evs because they are afraid they will lose profit from maintenance and oil changes. Specialize in ev battery upgrades and maintenance. There is a lot of money to make there.
And now some contextual details abott Polestar:
"Polestar achieves record third quarter deliveries, up 50% year-on-year" which translated into "Polestar's net loss for the third quarter was $155.4 million"
"Polestar Electric Car Sales Disappointed In Q4 2023"
Second wave of purchasing will come when range improves slightly which is rather soon. After range is a non-issue it will be too late for companies to catch up. Slowdowns are periodic and to be expected. its not a straight line.
😂Yeah, those refuse to get on the EV band wagon are already dead. They just did not know it.
I'm holding off on an EV purchase as I can see the next 12-24 months, there will be a step change in technology and a reduction in price. I think EVs are probably experiencing a bit of Osborne effect.
osborne effect?
@@robertbidochon7949 Osborne effect is when tech is moving quickly and people hold off buying something because they know the next version is going to be a lot better.
I get what you mean by people not seeing the difference between Polestar and say Tesla, looking at the price tags of the two and then struggling to see the justification for Polestar charging $10k more for their vehicles.
I struggle with their options. The base of the P2 doesn't come with adaptive cruise or lane keeping. That's something that comes standard on ICE cars much cheaper. Same with the glass roof. That comes standard on a Tesla.
They do drive nicer than a Tesla though, but that's not always something people appreciate.
Last I heard California, Connecticut, Maryland, Massachusetts, New Jersey, New York, Oregon, Rhode Island, and Washington passed laws banning the sale of new ICE cars beginning 2035. Who would want to buy one within a few years of that date? Resale, value, maintenance, all sorts of issues are possible. Legacy auto needs to be building a strong position TODAY to be competitive in 2035. You don't wait to the last minute or you are road kill. Golden parachute execs are cutting the throats of employees by not leading on BEVs. The most high-selling car model of 2023 was the Tesla Model Y. It is unfathomable that legacy auto ignores that fact while whistling on the wave to the grave, taking employees and stockholders with them. That's no way to run a car company.
Hmm it is a little bit nauseating to listen to people here lecturing the most experienced car professionals in the world who have managed massive brands like Audi BMW Mercedes Toyota VW who sell and have sold millions of cars all over the globe are suddenly seemingly now clueless on how to run car companies - by random tesla fandom who haven’t the first clue how to run a coffee shop never mind a global car manufacturing and sales operations in hundreds of countries - Jesus wept
Exactly - the legacy OEMs' CEOs and other executives will collect their unearned millions and then deploy their golden parachutes, leaving their companies' employees, stockholders, suppliers and their communities holding empty bags.
@@DaveHammondDublin If you think that's bad, imagine some know-it-all from Dublin acting like he knows you, when for all he knows you've run a Fortune 500 company, founded your own company, created generational wealth, set up trusts for your children and grandchildren, been a philanthropist, and mastered a variety of disciplines along the way. Your hubris doesn't require imagination, it's in your comment. Jesus is fine. I prayed for you.
Kodak
@@DaveHammondDublinSorry to hear about your nausea, but I'm sure you will recover, and much sooner than most legacy automakers. I might not know how to run a coffee shop, but I was an engineer for one of the (fading) Japanese car companies and I recognise the problem with legacy auto was trying to make EVs 'on the cheap' by adapting ICE designs and construction. Any design has compromises, and Tesla has shown what is possible with a 'clean sheet' approach.
I was a GM fan when they brought out their EV1. It worked well. Not perfect but for a 'first off' it was brilliant. Then they scrapped the program. That was the dumbest decision in automotive history, made by your esteemed 'experienced car professionals'.
Polestar sales are poor this year in the U.K. -73% February and year to date according to SMMT similarly Volvo are also down 2%. The biggest problem for EVs in the U.K. is do they have brand presence with Business and Fleet units, who can offset their cost through the taxation system. Less than 1 in 5 EVs are brought privately and there is a customer tendency to buy from traditional brands they are familiar with.
It's about the same in Sweden, 1 out of 5 cars are bought by private buyers.
@@leiflillandt1488 it is impacting Tesla, where fleet groups are offering the new Model 3 at cheap contract rates to move them and compete with BMW iX1 and i4 business specific models, but with annual low mileage. So it gets expensive if you break the mileage limits. BMW and Mini are going gang busters both with significant rise in sales up 46% and 35% respectively, their strategy to increase prices to maintain vehicle residual value appears to be working.
Well done on 200K subs, Sam! 🎉👏👍🙂
The Polestar lineup is the best looking lineup of any cars companies.... In 8 months, I will own a Polestar 4 (or 3)
Sam,
I recently leased a 2024 Polestar 2 LRDM because the state legislature here in backwards South Carolina prohibits Tesla from leasing/selling its cars because Tesla does not have a dealership store in the state. I have driven a Tesla Model S finding it lacking in build quality. The Polestar 2 lease is a great deal because the $7,500 credit applies to leased vehicles in SC and Polestar is selling the LRDM for the same price as the single motor for a period of time in the US. We also own/lease a 2023 Mercedes EQS SUV for the past 15 months, so we are familiar with EV’s. Previously owning both BMW and Audi ICE vehicles, I agree with your point that Polestar is every bit as good a vehicle of high quality manufacturing as the German vehicles at a favorable price.
I own and drive a Polestar 2 for 3 years now. Purchase price was in a similar range than my previous ICE cars. It was my first EV and after 3 years I still rank the Polestar by far as best car I had! Prior the Polestar I drove Audi A5, A4, TT and BMW 4 and 5 series. Polestar are serviced at Volvo service centers and I feel more welcomed (as none Volvo driver!) than previously at Audi’s and BMW’s Service Centers.
The I Ching says: "Those who will not follow must be left behind". Legacy automakers will simply disappear, to be replaced by those willing to innovate and invest in the future.
I'll make you a vacant bet let's meet back here in 5 years and see if pollstar still exist I can't even guarantee you that Tesla will there are many companies and technologies that have burned hot and burned out and ended up looking like a fad I don't care about 2023 for 6 months being really hot UV sales some of these legacy as you call them dinosaur car companies have been selling cars for 60 70 80 90 100 years okay. What else is post are supposed to say All they sell is electric cars what are they going to say electric cars aren't the future we're not at a great advantage I mean this is ridiculous I mean it's like saying a basketball salesman has the best basketballs of course he says he does it's like a donut salesman says he has the best donuts and it donuts are the world of course he does You going to say what if you sell is what ought to be sold and if you don't sell two technologies or two types of vehicles then you can only say that the one that you do sell is the best you can't say the other ones that you don't sell are so it's kind of a useless set of comments
Or they survive while the rest follow the lead lemming off the cliff.
Seeing as how car companies turning AWAY from EVs and becoming MORE profitable, the people losing here are the PRO-EV types.
@@billcichoke2534 YESSSSS !!!!!!!, at least maybe but boy do they get super touchy and insulting when you use facts and data instead of the feelings, ego and embarrassment avoidance that drives them attacking back in Denial. EVs are awesome cars generally, hobbled by energy storage that shrinks, somewhat now matter what you do and even 2x he charging stations is not 1/10th of the gas station pumps in America.
@ondago2 I would disagree with 'EVs are generally awesome.' They are one trick ponies that quadruple down on the mist unreliable aspect of automobiles...the ELECTRONICS. They corner like pregnant whales and generally drive like a cheap video game.
I ching says remember when ruclips.net/user/shortsXsXdktiXKdY?si=pLcyutEiFDxvpcuN
Congratulations Sam !
Thank you!!
The Design is really beautiful and neat
Congratulations on reaching the 200k subscribers. I'm one of your biggest followers. Keep it up
I am a commercial photographer who started my career shooting film in the 1990s. As soon as digital cameras were even close in quality and price/performance (happened around 2007 with the Canon EOS 1S) the industry completely flipped to digital within a couple of years. Ask those still working for Kodak - the inventor of the digital camera - how continuing with business as usual worked for them? The company was afraid of cannibalizing their own film business and failed to accurately see the scale and rapidity of the coming shift. Kodak went from the Fortune 500 to a penny stock in the span of a single decade.
Electric cars will go the same direction as any tech product. Expensive and flashy at first then affordable and common. Flatscreen TV cost 70% less now than what it was 10yrs ago.
Not with the batteries and limited earth materials
Congrats on 200k!
Wow, 200k! Well done mate!! Here's to the next 200k! 🍾
I would totally spend $10,000 on a brand new Tesla model S.
Polestar has a minimalist design similar to Tesla. Without knowing the actual percentages, it seems like minimalism is becoming the more desirable approach. As far as the latest EVs from BMW and Mercedes, those companies still seem to be in the thrall of making their cars look like airliner cockpits. It will be interesting to see how this evolves.
200K Congratulations
Thanks Mate!
Polestar has an opportunity in the US, but as you said, they need US manufacturing. Also, they need access to a plentiful, reliable charging network, and Electrify America is currently is not it.
EVs are like any new tech. They’re going through the ‘technology hype cycle’. We’ve been through the ‘peak of inflated expectations’ where everyone thinks they solve world peace. we’re now in the ‘trough of disillusionment’ where flaws reveal themselves. Next we will go through the ‘slope of enlightenment’ where we come terms with reality including shortcomings and finally the ‘plateau of productivity’ where EVs take their realistic place in the car market. Every new tech goes through this.
200K Grats!
Gudday mate congratulations on 200k subscribers to ur super stoked channel well done 👍
I wouldn’t attach too much weight to what an effectively bankrupt Chinese EV maker parading as a Swedish carmaker has to say about legacy auto…
If this is what he really said, then I would not have expected him to say anything else. If you run an EV business, what would you say?
A big risk for Polestar buyers would be the company going bankrupt and the vehicles no longer being supported for replacement parts. The stock is down 80% the past year. I imagine that risk weighs heavily on potential buyers. They may like the car but fear the maker's long or even medium term viability.
The Polestar 3 will start production in North Carolina here in the United States around the middle of 2024
200k 🎉🥳! 🥇
Well done on hitting 200k Sam 👍👍
Congrats Electric Viking on reaching 200k subscribers... you're growing faster all the time. The trolls are quoting 2021 as if it was 2023. Winning. Keep up your dedication to facts and the truth. Best of luck to your nice family too.
Polestar have one of the best design games in town period. I wish they would go fully LFP though and incorporate vehicle to X
Apparently Toyota is buying Panasonic's EV battery division.
Well done Sam, 200K!!!
Doubting the Swedish station wagon is the downfall of Polestar. The Polestar 2 backseat space limitations locks out a large portion of the market... Also wagon buyers of other brands would have bought a Polestar 2 station wagon since EV offerings in this form factor has been limited
Congratulations
Related to mandated vehicle electrification, two interesting points are worth mentioning. First, there are three major law firms in Washington which lobby our EPA to impose EV-related legislation. As it turns out, these law firms are partly funded by the CCP which undoubtedly intends to steer (no pun intended) new environmental legislation towards dependence on China (facilitating a huge demand for Lithium-Ion batteries and eventually Chinese EVs as well). Second, despite Americans being at times accused of arrogance, actually China's CCP clearly displays this characteristic. The CCP's ideology is based largely on their philosophy that "China is operating under a mandate from heaven to rule the world ... and not only does China have the right but also an obligation to do so". This is definitely an arrogant perspective and demonstrates a complete disregard for any other country's national sovereignty. In addition, China claims Beijing to be the world's "center of thought". Yet, if this were true then why does China continually resort to hacking our government/business computer systems (to gain valuable information and disrupt society), infiltrating social media (in efforts to influence American citizens), and outright plagiarizing products (such as Rolex watches, Gucci handbags, Lego kits, military equipment, numerous automotive designs, and even Disney cartoon characters)? Sadly, the vast majority of Americans refuse to recognize that China is engaged in what they actually call "the 100 year war" to gain global control using a wide variety of covert and overt tactics ...
yes sam congrats, do you see any value in exploring the different types, manufacturers of EV motors? Batteries are of interest, motors may be. I recall sandy munro saying how he liked the engineering in VW,s motor.
I agree demand is not the biggest problem. demand just needs to follow supply. currently most EV ar eable to sell. demand can tip quite quickly if ev production costs keep going down a'd charging keeps getting easier and quicker. most people will consider purchase price is hardly higher, if not equal of lower,combined with lower maintenance cost, lower cost per mile, most people living in single family house can be potential buyers. also price is not a hard limit. people keep biying more and more SUVs despite being more expensive than sedans.
this means demand is not gling to grow linearly, its hoing to explode. the only question is when/how quick.
once ev become cheaper to produce manifacturers will be able to lower cost and spend more in advertising.
Ford backed off EVs when all they had to do is come to terms with price points and insentives. Their EV sales way up in Feb
Do you think that the legacy makers, at least some, have identified the very high cost of transitioning ? Have you considered that those costs need to be financed? Is it possible that legacy makers have to transition over a longer period to meet the cost ?
I am not saying that all legacy and electric manufactures will be airbus in 10 years, but some legacy makers may make it through and have used the profits from seeking ICE vehicles to do so.
There's A NEW Electric Car Brand That Deserves Your Attention...
Fully Charged Show
I think the jury it’s still out on PHEV vs EV.
Honestly, words from CEO of a struggling company can’t be entirely credible.
Legacy has no option but to go back to the drawing board with all EV systems, designs and manufacturing. Everything has to change to make the EV affordable. Tesla and legacy auto have very few similarities.
Excellent article. Polestar gets it; Volvo/Geely took the best path by spinning off a new EV brand, while advancing EV tech in the legacy business as fast as possible.
Do not forget Polestar 3 will be made in the USA this year, the first of maybe more models int he future?
Thanks for the nice info !! The strange musical endings to some of your videos is VERY unusual ❤😂. What for - are you trying to ruin your good statistics ??!!! Thanks
every now and then you should read the comments on GM "authority" to see why you should never listen to your core audience if you're trying to get a new one.
Polestar is an brand no one needs
200K Congrats.
Well deserved
EV sales are limited by supply. Unless you are trying to sell inferior cars. The smaller market for hi end EVs is the only one that is approaching the market limit.
When you say EV's are poised to dominate the market, could you perhaps be overlooking the recharging infrastructure? It is by no means easy at this point, esp if you are driving an EV not made by Tesla. I have a few months of EV ownership so am used to planning my trips in line with the proximity of chargers on my route, but am still finding myself stuck with low charge at an EV charging station that has failed due to some random glitch. If I'm lucky I can wait 30 mins to an hour for the one available charger (and hope it's working when it's my turn) or I can take a chance that the next charging station 30 minutes away will have a charger that actually works. I love my EV, but until the recharging infrastructure becomes more reliable, I definitely understand the reported hesitancy of most buyers.
I live in the Third World and we have loadshedding all the time. Been like that for over a decade. No sane person here would ever buy an EV. WTF for?
Chances are that battery range will be increasing faster than public chargers, are provided, so that most ev users can charge at home most of the time. But long range travel is still a challenge because of the charger infrastructure is somewhat govt dependent.
Well he would say that wouldn’t he 😅
Only a matter of time where internal combustion engines find an alternative liquid fuel source, then we can all be rid of the fixed battery EV debacle. NIO got it right the first time.
hahaha didn't Volvo just wash their hands of polestar because EV demand issues
Polestars are quite simply beautiful 😊
It would make a lovely yard ornament among my ICE’s that get driven😂
@@melissasmess2773 I’m a retired mechanic, I own 5 , 50+ years old classic ice cars! The only car I drive now is a Tesla mod3 😉
“Luxury” means far fewer customers, and is just another word for too expensive compared to Tesla. No chance.
Hello mate
👍
The false premise again is that the corporations care - about falling behind. Even if the corporation fails no one at the top loses. They have no reason to change anything. They aren't car makers they are credit corporations. So the moron is the person that doesn't understand this.
They don't care about people, cars, water, air, winning, losing or anything else because they don't have to care.
Once you understand this, you will be able to see the reality of the game that you all love so much. There is no game, you aren't grown up enough to understand what the sick people at the top have been doing - and they know it - and they are laughing at you all the way to the bank. because in the end that is all they care about.
They set it up so that no matter what, they get paid.
Eat the rich, make a better world.
Dealers in the US will fight this tooth and nail. They will do anything to damage them.
E preciso evs com maior autonomia e precos mais baixos
"...and the boys get a pair of them shoes." Any "Snatch" fans out there?
Looks like geely is waisting a lot of money to keep to many brands in it's portfolio thus too small volumes to make a profit, useless internal competition, etc.
I think they're sand bagging for a year or so just like Toyota they know a lot of buyers are waiting a couple of years for prices to lower after the price greed big 3 did last few years I am??
Their cars are to expensive thats why people noy buy them.
Congratulations Electric Viking on 200k, you will reach 300k sooner than you think. The Polestar CEO says a lot of things, time will tell. Let us see who wins EV's or Hybrids.
We already know and it's not any kind of ICE engine
They are justified in making that comment , but not *_for their company_* 🧐
What’s chicken tax?🎉
I really love polestars design, i would choose one before Tesla if we go by looks
You don't like the model s design ?? Or even the roadster ?
@@Bteslaguy Im not saying I dont like it, but Tesla has more soft forms than Polestar, and I feel straight lines more appealing
I love polestar. The safety of a volvo and the looks of an audi
How is ur wife doing can u make update video about ur familie i like the bond u guys have
Polestar 3 and 4 and 5 ❤❤❤❤❤❤❤❤❤❤❤❤
Polestar 2 not good value compared to Tesla. Difficult to see where they would get differentiating luxury. Sales numbers tell this story clearly.
polestar 3 will be produced in china and the US. they have announced it last year.
Isn't polestar essentially bankrupt? Sounds like a man trying to keep his job to me 🤣.
Sure the Polestar CEO heads a company that hasn't ever made a dime selling EVs; and that is with subsidies. It is one thing to embrace EVs as a good alternative for some and but it is not sensible to suggest EVs can replace ICE or Hibreds any time soon; due to a lack of Lithium production alone. Current Lithium refined annually is 169,000 tons. This is only enough to make 12 million Model Ys if you made no cellphones etc. So Lets say 8 million realistically - this suggests Lithium production would need to rise by 10x in order to have enough to replace ICE/hibreds and to what end? EVs are heavier; they take 10x more mining to make; green? Not very.
Actually they take 1/100th mining to drive, so very green indeed compared to the very black oil production
@@casperhansen826 Unless you are one of the few with your own solar panels enough to charge your car every day then that isn't true because the grid is not green; even the very best countries are pretty grey or black on their grids; and the grid loses a further 15% in transmission of the electricity; in most countries that wipes out the solar and wind contribution. Now if your comparision is a BMW 3 series you probably still edge it some but if you are comparing to the new Prius - your probably behind, especially if it is a PHEV which could also be charged by rooftop solar.
I am sure a few videos ago EVs were going to be cheaper than ICE this year, now we have moved to next year it seems?
Some classes are.
As someone who has been in this for 6 years or so, it was pretty much always 2025. There was a point where it looked like it might fall early, in 2024, but then that didn’t look like it will happen. So still on the original track I guess.
I have no idea if that date is achievable or not. I suspect it may actually be a year or two later. COVID and Ukraine have meant several dice have had to be rolled again.
CEO of a company that's lost 90% of it's stock value should be quiet.
The ceo look like apple ceo
This is why I believe Fisker has a future. They are EV only. Next model will be better than current model and selling into a long term growing market.
Watch Marques Brownlee’s review of a Fisker….”worst car he’s ever tested”…..Fisker will be sleeping with the fishes….again!
Lots of Pollsters in Toronto. They look very nice.
Nobody is going to buy something from a brand with a stripper name. Moreover, they’re way too expensive. It’s like Polestar’s CEO was on crack when he made those statements.
😂😂 dude