WASHINGTON, April 4 (Reuters) – Rental car firm Hertz Global Holdings (HTZ.O) said on Monday it would buy up to 65,000 electric vehicles over five years from Swedish EV maker Polestar, the latest move by the rental car firm to add zero-emission models.
Hertz said Polestar cars would be available beginning this spring in Europe and later in 2022 in North America and Australia.
The Florida-based rental car company said that it would initially order the Polestar 2 sedan. Hertz shares were up 1.75% in premarket trading Monday.
In March, Hertz added Tesla’s mid-size SUV Model Y to its electric vehicle fleet, according to the car rental firm’s website. read more
Polestar, which was founded by China’s Geely (GEELY.UL) and Volvo Cars, is set to merge with special purpose acquisition company (SPAC) Gores Guggenheim Inc (GGPI.O) this year.
