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Hertz To Buy Up To 65,000 Electric Vehicles From Polestar – By ASC


Car rental firm Hertz Global Holdings will buy up to 65,000 electric vehicles over five years from Swedish EV maker Polestar

Car rental firm Hertz Global Holdings said on Monday it will buy up to 65,000 electric vehicles over five years from Swedish EV maker Polestar, the rental car firm’s latest move to add a zero -emission model.

Hertz said Polestar cars will be available starting this spring in Europe and then in 2022 in North America and Australia.

The Florida -based rental car company said it would initially order a Polestar 2 sedan. Hertz shares rose 1.75% in pre -market trading on Monday.

Hertz in October announced its order to buy 100,000 electric cars from Tesla Inc., primarily Model 3 EV maker.

In March, Hertz added Tesla’s medium -sized Model Y SUV to its fleet of electric vehicles, according to the car rental firm’s website.

Polestar, founded by Geely and Volvo Cars of China, is set to merge with special purpose acquisition company (SPAC) Gores Guggenheim Inc this year.

The Hertz partnership “will bring the amazing experience of driving an electric car to a wider audience, meeting the diverse short -term and long -term mobility needs of our joint customers,” Polestar CEO Thomas Ingenlath said in a statement.

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(This story has not been edited by NDTV staff and is automatically generated from a syndicated feed.)

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