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1. Polestar $PSNY stocks hits all time new low of $5.55, Let's try to determine if when Polestar can make a good recovery. frequently asked questions when it comes to Polestar (PSNY), should you be worried? The entire EV market is being affected not just polestar.

1. What is the new upgrade all about? The new upgrade is known as Kathmandu, continuing Tezos’ tradition of naming its protocol versions after ancient cities. This is actually a tradition that started from the protocol version 004, and so far, Tezos has had protocols named Athens, Babylon, Carthage, Delphi, Edo, Florence, Granada, Hangzhou, Ithaca, and Jakarta. Kathmandu is the latest one in line, but far from being the last one, thanks to the evolving nature of the in-use protocols.

The 510-bhp Polestar 3 will unveil their first North American made electric SUV on October 12th, which would make it an ideal competitor to other US produced cars like the Rivian R1S, Mercedes-Benz EQS and Tesla Model X. The rumoured price for the car ranges between $75,000-$111,000.

1. Summary: Avalanche (AVAX) and the Avalanche C Chain have displayed greater adoption than the Solana ecosystem, making it the better alternative layer 1 blockchain.  Solana's main weakness is that it is not Ethereum Virtual Machine (EVM) compatible, which makes bridging money difficult.

NIO will roll out other models in Europe, including the ET7 and ET5 sedans, starting this year, Reuters reported today, citing the company's co-founder and president Qin Lihong in a phone interview.

1. The Chinese electric car manufacturer Nio has opened its production facility in Hungary, where battery swapping stations for Europe are manufactured. Nio announced that the first station produced there was just delivered to Germany in the last few days.

BMW Group has come out and publicly stated that its future success in a competitive EV market relies heavily on “powerful, innovative, and sustainably produced” battery cells. When BMW’s Neue Klasse (new class) EV architecture launches in 2025, the German automaker says the EV platforms will utilize newly developed 46-mm-diameter battery cells, the same larger design Tesla is using.

1. 1,500 units were ever produced and it was also the brand’s very first production model. This is a 2021 model, is finished in a shade known as Magnesium, and was formerly owned by Thomas Ingenlath, the chief executive of Polestar.

NIO has been clear with its brand identity since it launched: we sell expensive, premium-class electric vehicles that are quite large, high tech, fancy, and did we say expensive? Its sales have been quite good, considering its young age and its vehicles’ high cost, but it’s now making moves and aiming much higher. Like Tesla did when it launched the Model 3, NIO is trying to reach a big new swath of the market by selling a somewhat smaller and cheaper car. Initial reactions seem to imply it is going to be a huge success.

An updated Polestar 2 will arrive next year, with subtle design tweaks and more extensive technical changes, including improved efficiency and performance as well as a host of software updates.