r/PSNY_Polestar_SPAC

Geely Solid-State Battery Prototypes (500 Wh/kg!) Coming in 2027+
▲ 13 r/PSNY_Polestar_SPAC+1 crossposts

Geely Solid-State Battery Prototypes (500 Wh/kg!) Coming in 2027+

This is good news - and a key advantage for Polestar $PSNY compared to many other EV start-ups without a large automotive giant/holding group as a backer:

Geely Holding will begin pilot deployment of solid-state batteries across its brands in 2027, following real-world validation. The energy density of these packs will reach 500 Wh/kg, allowing BEVs to achieve a range comparable to diesel.  

Following BYD’s and CATL’s statements regarding solid-state battery trial production scheduled for 2027, Geely also provided an official statement about its SSB timeline. According to the statement, solid-state batteries are coming soon to vehicles across the Geely Holding ecosystem. It includes Geely, Zeekr, Lynk & Co, Volvo, Polestar, Lotus, Smart, Proton, Farizon, and other brands.

The Geely’s solid-state battery will offer a few energy density variants. The top-tier pack will feature an energy density of 500 Wh/kg. It sounds from the text that Geely is talking about the whole battery, which means the cell’s energy density will be even higher. The currently produced “Golden Brick” liquid batteries from Geely boast a cell-level energy density of around 250 Wh/kg.

Source: https://carnewschina.com/2026/08/18/geely-to-start-pilot-deployment-of-500-wh-kg-solid-state-batteries/

u/DeliciousAges — 15 hours ago

Polestar sued by prestige imports

Anyone seen this? https://www.motor1.com/news/805129/polestar-lawsuit-adds-a-twist/

quite serious allegations. Though, if true, would also explain why Volvo could stay in US but Polestar not. This ruling puzzled me, but looking at it from the point that Polestar wanted to leave US market and now finally find a way to do so without paying any fines and blaming the new laws, puts a different perspective to the story.

for the context, Polestar is sued for using new Connected Vehicle Rule as a way to leave US market without fulfilling their obligations to dealers etc., even though they could have had the chance to get the same exception as Volvo, but it was Polestar's own decision not to go for it.

u/stjanis — 2 days ago

Polestar Agreed to Settle With Investors Over Accounting Issues

Hey guys, if you missed it, Polestar recently reached a tentative settlement with investors over claims that it understated financial liabilities and concealed weaknesses in its internal controls.

In a nutshell, investors claim that Polestar repeatedly assured the market its financial reporting was accurate. In January 2025, the company disclosed accounting errors requiring restatements of its 2022 and 2023 financials, and $PSNY fell 11%.

If you invested in $PSNY between 2022 and 2025, you may want to check if you qualify. The settlement terms are still being finalized, but investors can already submit their applications 

Has anyone here invested in $PSNY during that period? How much were your losses?

https://preview.redd.it/7o7rep7vjzhh1.png?width=1818&format=png&auto=webp&s=e7af700ba90b3f875944fc8a57a37c802038557a

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u/JuniorCharge4571 — 13 days ago