{"id":576363,"date":"2023-05-12T12:14:31","date_gmt":"2023-05-12T06:44:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576363"},"modified":"2023-05-12T12:14:31","modified_gmt":"2023-05-12T06:44:31","slug":"electric-vehicle-maker-polestar-cuts-production-guidance-jobs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/electric-vehicle-maker-polestar-cuts-production-guidance-jobs\/","title":{"rendered":"Electric vehicle maker Polestar cuts production guidance, jobs"},"content":{"rendered":"<p>STOCKHOLM: Swedish electric vehicle (EV) maker Polestar lowered its 2023 production guidance on Thursday and said it would cut headcount by 10%, citing a delayed production start for its Polestar 3 and a challenging environment for the industry.<\/p>\n<p>The auto maker said it now expected to produce between 60,000 and 70,000 cars this year, versus the previously predicted 80,000.<\/p>\n<p>It has been a tough quarter for EV startups, who face mounting competition from new Chinese players as well as from more established brands. An ongoing price war started by Tesla , in addition to high interest rates, has put a further squeeze on the already cash-strapped startups.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STOCKHOLM: Swedish electric vehicle (EV) maker Polestar lowered its 2023 production guidance on Thursday and said it would cut headcount by 10%, citing a delayed production start for its Polestar 3 and a challenging environment for the industry. The auto maker said it now expected to produce between 60,000 and 70,000 cars this year, versus the previously predicted 80,000. It has been a tough quarter for EV startups, who face mounting competition from new Chinese players as well as from more established brands. An ongoing price war started by Tesla , in addition to high interest rates, has put a [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-576363","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=576363"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576363\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}