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Valmet Automotive is a Finnish vehicle contract manufacturer and supplier of battery, roof, and kinematic systems. [ 3 ] Valmet Automotive has manufactured over 1.8 million vehicles at its headquarters in Uusikaupunki , Finland .
Valmet Oyj, a Finnish company, is a developer and supplier of process technologies, automation systems and services for the pulp, paper, energy industries. Flow control serves a wider base of process industries.
At the start of 2014, Metso Corporation's Mining and Construction business and Automation business formed the new Metso Corporation and Metso's Pulp, Paper and Power business formed a new independent company under the name Valmet Corporation. In December 2013 Metso reduced its holding in Valmet Automotive to approximately 41%.
In January 2017, CATL announced a strategic partnership with Valmet Automotive, focusing on project management, engineering and battery pack supply. CATL acquired a 22% stake in Valmet Automotive. [15] [16] In June 2018, CATL went public on the Shenzhen Stock Exchange. [17]
All those problems caused Polestar's stock price to plunge to about $1. But with an enterprise value of $5 billion, it trades at less than 1 times its 2025 sales.
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The Karma was a plug-in hybrid luxury sports sedan produced by Fisker Automotive and manufactured at Valmet Automotive in Finland. After missing its initial late 2009 launch, and after the launch was rescheduled several times, the first deliveries took place in the U.S. in late July 2011 and deliveries to retail customers began in November 2011.
On April 5, 2022, the company announced that Sion Solar vehicle would be manufactured by Finnish automotive manufacturer Valmet Automotive. [19] In December 2022, the CEOs and co-founders of Sono Motors announced that they were unable to raise enough money to finance Sion, and asked fans to help continue the project. [20]