Hertz will buy up to 65,000 Polestar electric cars

This announcement comes six months after a first mega-order of Tesla vehicles.

The American car rental company Hertz, which wants to extend its offer of electric vehicles, announced on Monday a partnership with the Swedish Polestar, from which it plans to buy up to 65,000 cars, six months after a first mega-order for Tesla vehicles.

This global partnership “includes the purchase of up to 65,000 electric vehicles over five years. Availability is expected to begin in spring 2022 in Europe and end of 2022 in North America and Australia”, announced the two groups. in a press release.

No amount has been disclosed for this order from the Swedish manufacturer of luxury electric cars, owned by Sweden’s Volvo Cars and China’s Geely.

Contract with Tesla on hold

In October, Hertz said it wanted to offer a large fleet of electric vehicles to its customers.

The rental company then announced an order for 100,000 Tesla by 2022, which had raised the title of Elon Musk’s company on Wall Street.

The American manufacturer of electric cars had even entered the restricted club of companies worth more than 1000 billion dollars on the stock market.

However, an imbroglio ensued, Tesla having subsequently claimed that the contract had not yet been signed.

Hertz had placed itself at the start of the pandemic under the protection of the bankruptcy law, from which the company emerged in July. The rental company, whose financial health was already weakened, had been decimated by the fall in rental car reservations following the measures taken to stem the spread of the Covid-19 pandemic.

On Wall Street, Hertz rose about 5% to 22.15 dollars at the start of the session.

Leave a Comment