|Bid||14.100 x 0|
|Ask||14.120 x 0|
|Day's Range||14.100 - 15.080|
|52 Week Range||10.000 - 29.800|
|Beta (5Y Monthly)||1.24|
|PE Ratio (TTM)||14.04|
|Earnings Date||Aug 18, 2022 - Aug 24, 2022|
|Forward Dividend & Yield||0.21 (1.49%)|
|Ex-Dividend Date||Jun 02, 2022|
|1y Target Est||18.88|
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Swedish electric-vehicle maker Polestar cut its 2022 delivery forecast by 15,000 units to 50,000 vehicles on Thursday, hit by COVID-19 lockdowns in China. "The reduction for 2022 is 100% attributable to the lockdowns in China," the electric-vehicle maker said in a statement. COVID-19 lockdowns in China have caused supply chain disruptions for semiconductors and components widely used in electric vehicles, hurting the ability of companies to produce them.
(Bloomberg) -- Chinese auto giant Geely Automobile Holdings will buy a 34% stake in Renault’s Korean unit as the two carmakers deepen their cooperation on development of eco-friendly models in a market dominated by local brand Hyundai Motor Co. Most Read from BloombergMarcos Jr. Leads With 61% of Votes Counted: Philippines UpdateStocks Sink to 13-Month Low as U.S. Curve Steepens: Markets WrapDay Trader Army Loses All the Money It Made in Meme-Stock EraRussian Envoy to Poland Hit With Red Paint i
China's Geely Automobile will buy just over a third of Renault's Korea unit for roughly $200 million, potentially helping it boost U.S. exports, and freeing up funds for the French automaker to invest in its electric business. Renault, which can assemble 300,000 vehicles a year in its factory in Busan, South Korea, is in the middle of a turnaround aimed at increasing margins and separating its electric vehicle (EV) business to catch up with rivals such as Tesla. The French firm's move to sell the stake to Geely - which owns Volvo Cars and a 9.7% stake in Daimler AG - follows an announcement by the two companies in January to develop hybrid vehicles for South Korea and abroad, produced at the Busan plant.